Cellnex Telecom detailed plans to increase its share capital by €4 billion, seeking to attract new funds as it looks expand its telecoms infrastructure portfolio across Europe.In a statement, the infrastructure company said its board of directors had approved plans to issue 101.4 million new shares priced at €39.45 each, a 25 per cent discount on its closing price of €56.14 yesterday (22 July).The company said it will use the funds to build up a war chest to fuel growth via acquisition, revealing it is actively analysing market opportunities for an aggregate amount of up to €11 billion.Financial Times reported Cellnex Telecom’s move would make it Europe’s largest equity offering of 2020, building on growth since the company’s IPO in 2015.The company already announced investments, or commitments to invest, approximately €14.1 billion until 2027 for the acquisition or construction of 50,400 telecoms sites across eight countries, adding to 10,400 sites it already owns.CEO Tobias Martinez said the company would use the fresh resources to consolidate and expand its position in the eight countries it is present in, as well as look to other European markets.“Beyond agreements closed in 2019 and the first six months of 2020, we continue to analyse growth prospects,” he said.Cellnex Telecom significantly boosted its position in Portugal over the past 12 months, striking a deal in April to acquire 2,000 telecoms sites from operator Nos: at the start of the year, it signed an €800 million deal to acquire Portuguese tower operator Omtel Subscribe to our daily newsletter Back Related Previous ArticleSpeculation mounts on Huawei position in FranceNext ArticleOrange launches banking play in Africa Cellnex catalysing US tower moves in Europe Author Kavit Majithia Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 23 JUL 2020 Home Cellnex targets European growth with €4B war chest Cellnex estimula la llegada a Europa de las empresas de torres de EEUU UK examines Cellnex tower buy Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Cellnex
Thailand dusts off renewable energy plans as unrest subsidesRecent political clashes pushed renewable energy to the back burner, but the new energy boss plans to reignite the sector. July 17, 2014 Ian Clover Legal Manufacturing Markets Markets & Policy Share Thailand’s months of political turmoil which culminated in a military coup on May 22 may have punctured economic growth in each of the country’s main industries, but signs are emerging that ruling military officials are keen to restart some of the previous government’s policy targets, including those related to renewable energy. Having overthrown former Prime Minister Yingluck Shinawatra in May (Yingluck was accused of corruption in connection to a deal to sell rice to China), the ruling junta, led by Thai army chief Gen. Prayuth Chan-ocha, has wasted little time in trying to steer Thailand back towards a normal path of economic growth. The first quarter of 2014 saw the Thai economy contract by 2.1% compared to the final quarter of 2013 as each of the main industries saw their growth prospect pummeled during the unrest. The country’s previously soaring solar PV sector has been particularly hard hit, but newly appointed director general Viraphol Jirapraditkul has said this week that the Alternative Energy Development and Efficiency Department will reignite Thailand’s renewable energy landscape, beginning with a revamp of the feed-in tariff (FIT) and reintroduction of tax breaks for installers of solar power. The ruling regime sees solar energy projects as key to attracting foreign investment scared off by recent events. Having launched a solar rooftop scheme in September last year, the target was to have installed 200 MW of rootop capacity by now. As it stands, just 100 MW is scheduled to come on stream, and the country is falling some way short of its aim to reach almost 14 GW of renewable energy by 2021. Current data from the Thai Ministry of Energy’s Energy in Thailand: Facts and Figures 2013 report suggest that 3.78 GW of renewable energy capacity is currently installed. “We now have only seven years to achieve our target, and it is time to speed it up,” said Viraphol during the opening of the Thailand Esco Fair yesterday. The Thai Esco Association has lobbied the ruling military regime to revise energy regulations and make it easier for companies to access the bidding process for state solar contracts. In January, following the dissolution of the Thai government, the Thai Photovoltaic Industries Association met with local installers to try to work through a deal to keep the country’s solar aims on track. However, the most recent data suggests that little more than 50 MW of rooftop solar PV applications have been approved so far due to a lack of permitting. 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Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… 123456Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. 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For more information please see our Data Protection Policy. Subscribe to our global magazine SubscribeOur events and webinars Roundtables USA 17 November 2020 pv-magazine.com New for this year, the program will be developed and moderated by Eric Wesoff the new editorial leader of the U.S. platform. 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WASHINGTON (WJLA) – A MPD officer struck in a hit-and-run had to wait nearly 20 minutes before an ambulance arrived on scene.A vehicle struck the MPD officer just after 6:30 p.m. at 46th and A streets SE. When the call was dispatched, D.C. said they had no available EMS units to send.An ambulance from Prince George’s County was dispatched, arriving to the scene at 6:52 p.m. Nearly an hour passed between the time the officer was struck and his arrival time at MedStar Washington Hospital.According to police, the suspect fled the scene, leaving the vehicle behind.The officer was conscious and breathing upon transport to an area hospital.
The executive director of Levski Pavel Kolev will have to untie the knot around the parting with the former coach of the “blues” Petar Hubchev. The information was transmitted by Meridian Match.The new owners of Levski Konstantin Papazov and Nasko Sirakov have left the negotiations entirely on the shoulders of the executive director of the club. As it is known, the management of the “blues” announced that Hubchev will not lead the team anymore after the 0: 2 loss to Lokomotiv Plovdiv in the first match of the semifinals of the Bulgarian Cup.However, this separation is not yet a fact, as the former national coach expects to be paid all the remuneration due under his contract. The case before the bosses of Levski is aggravated by the fact that Hubchev signed the contract as a German citizen, which excludes the competence of the domestic labor regulations.