Cellnex and Boldyn Networks (Boldyn) have reached an agreement under which Boldyn will acquire Cellnex’s private networks business unit which largely includes Edzcom, Cellnex’s Finnish subsidiary that specializes in connectivity solutions for private networks in industrial complexes and environments. The deal is expected to be finalised by Q1 2024.
As the largest independent provider of private networks solutions, Edzcom brings experience from +50 implementations in Finland, France, Germany, Spain, Sweden and the UK for world-class enterprises.
Boldyn Networks is already behind complex private networks deployments around the world like Moray East, a wind farm supplying power to approximately 1 million homes in Scotland. In the US, examples of Boldyn’s ongoing deployments of private and converged networks include the state-of-the-art 5G infrastructure at the legendary Cowtown Coliseum, and a CBRS private network for enhanced operation and touchless enhancements for visitors at the Dignity Health Sports Park.
As more companies and industries choose private networks to seize digitalisation opportunities, Edzcom’s mobile private network solutions offer high-performance wireless connectivity for enterprise automation, robotics, and real-time remote control and monitoring. This helps unlock productivity and growth and offers continuity and security for business-critical operations. With revenue opportunities for 5G private networks deployments estimated at $109.4B globally1 by 2030, the agreement reinforces Boldyn’s role in this space, and positions it to capture its full potential with the additional expertise and geographical coverage that Edzcom provides.
Oscar Pallarols, Global Innovation, Business Development & Technology Director of Cellnex,
As part of our focus on tower-based activities and businesses and their adjacent assets, Boldyn Networks is the ideal operator to usher Edzcom into a new phase of expansive growth. Given that private networks are among Boldyn’s core activities, they are undoubtedly the ideal partner for Edzcom in this next phase of their growth.
Mikko Uusitalo, CEO of Edzcom, .
Cellnex has enabled us to expand from the Nordics to the largest countries in Europe. We are excited about the opportunity to continue our rapid growth now under Boldyn Networks. Boldyn is a great company who is now acquiring a strong, senior team with experiences from over 50 deployments in Finland, France, Germany, Spain, Sweden and the UK. We share the same vision and I am convinced that now as one team we’ll consolidate our market leadership in bespoke private mobile networks, expand geographically and stay committed to customer excellency
Igor Leprince, Group CEO of Boldyn Networks,
Boldyn Networks is leading the way in bringing private networks to our customers so that they can meet all their operational and connectivity challenges. Edzcom’s team capabilities, impeccable reputation and recognised expertise are an important addition to our team to capture the potential of this market across continents. From venues and wind farms to ports and manufacturing sites, we are building upon being the partner of choice for 5G private and converged network infrastructure projects.
