New identity and expansion plan for Cignal
Irish telecoms infrastructure company Cignal is rebranding as Cellnex, the name of its new Spanish owner.
Cignal, acquired by Cellnex in a €210m deal earlier this year, was launched in 2015 with the acquisition of 300 communications towers from state-owned forestry company Coillte for around €70m.
New owner Cellnex plans to invest €60m to build up to 600 new sites in Ireland by 2026.
By the end of this year the Irish portfolio will have increased from 546 telecom sites when the acquisition was announced in September, to more than 600. Another 200 sites are planned next year.
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Cellnex is also exploring the possibility of offering fibre infrastructure and indoor coverage improvement solutions.
Colin Cunningham, MD of Cellnex Ireland, said that with the backing of Cellnex the company "will be able to provide improved mobile reception and broadband speeds to communities all over Ireland."
Cellnex operates in Spain, Italy, Netherlands, France, Switzerland, the UK, offering telecommunication infrastructures services, audio-visual broadcasting networks, security and emergency service networks and solutions for smart urban infrastructure and services management.