Sale of All Shares to Cellnex
We assisted Ukkoverkot Oy and its shareholders in a transaction in which Cellnex, the leading operator of wireless telecommunications infrastructures in Europe, purchased all the shares in Ukkoverkot Oy, the parent company of EDZCOM, becoming the sole owner of the Edge Connectivity solutions provider.
EDZCOM plans to accelerate its international expansion by entering the UK and French markets at the end of 2020, followed by growth across other European markets in succeeding years, enabled by its new owner, Cellnex.
‘EDZCOM is a growth company with an expert team. Cellnex, with their impressive footprint and capabilities, provides us with access to growth capital and new markets. The complementarity of our businesses promises strong opportunities for vertical integration’, says Mikko Uusitalo, who continues to lead EDZCOM as CEO, in a press release.
EDZCOM is the Nordic market leader in Edge Connectivity – private wireless connectivity solutions.
Cellnex is the main infrastructure operator for wireless telecommunication in Europe, providing services in Italy, the Netherlands, the United Kingdom, France, Switzerland, Ireland, Portugal and Spain.