Written by Ray Le Maistre
- Cellnex has decided private networks don’t fit into its new strategy
- It is offloading its Edzcom unit to Boldyn Networks
- The deal gives Boldyn more than 50 private wireless network customers and operations in multiple new European markets
Neutral host networking specialist Boldyn Networks (formerly BAI Communications) has agreed to acquire Edzcom, Cellnex’s private wireless networks unit, for an undisclosed sum, a move that bolsters Boldyn’s private networks business and takes it into new markets.
Cellnex itself only acquired Edzcom – which designs, builds and manages private 4G/5G networks on behalf of large enterprises, mainly in manufacturing, ports, oil and gas, energy generation and mining – in July 2020, but that acquisition was made by the previous management team and private networks are no longer seen as core to the company’s strategy.
“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,” noted Oscar Pallarols, global innovation, business development and technology director, at Cellnex. “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,” he added.