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cellnex driving telecom connectivity Results January - March 2021 Cellnex ends Q1 2021 with more than 40 % growth in revenue , EBITDA and cash flow Year to date , Cellnex has announced acquisitions in France , the Netherlands and Poland with an associated investment of c . € 9 billion . It has also completed the integration of the assets of CK Hutchison in Sweden and Play in Poland After successfully concluding its € 7 billion rights issue , the Company remains open to new opportunities ● ● ● press release The key indicators continue to reflect the Company's geographic expansion -following the integration of completed acquisitions in 2020 and the first months of 2021- and the strength of its organic business : ● ● ● ● Revenue stands at € 506 million ( vs 358 million in Q1 2020 ) ; EBITDA at € 381 million ( vs 260 million in Q1 2020 ) ; and recurring levered free cash flow at € 180 million ( vs 127 million in Q1 2020 ) . Points of presence ( PoPs ) grew c.65 % ( 5.5 % like - for - like ) . The backlog of future sales contracted , including transactions pending closure and roll - out announced in Italy and the UK ( CK Hutchison ) , France ( Hivory ) , Netherlands ( DT ) and Poland ( Polkomtel Infrastruktura ) , stands at € 110 billion . The Company confirms the outlook for FY 2021 with revenue between € 2.405 and 2.445 billion , EBITDA between € 1.815 and 1.855 billion and a 50 % growth in recurring levered free cash flow ( € 905-925 million ) . Net debt as of 31 March amounted to € 8.806 billion ( including lease - related liabilities ) . At present , the average maturity of debt ( drawn ) is 6.9 years , at an approximate average cost of 1.6 % , with 86 % at a fixed interest rate . In April 2021 , Cellnex has an available liquidity ( treasury and undrawn debt ) of € 22.7 billion . The Company completed its fourth rights issue , for € 7 billion , with 99.37 % of the holders of preferential rights taking part in the increase . Investor demand was over 45.6 times the supply of new shares . In the last 24 months , Cellnex has increased its capital by € 14.7 billion to continue financing its growth . In the first few months of 2021 the Company has announced the completion of the purchase of CK Hutchison's assets in Sweden and the closing of the acquisition of the sites network held by Play in Poland . During this period , it has also announced an agreement with Deutsche Telekom to integrate T - Mobile Infra sites in the Netherlands , as well as an agreement to acquire the telecommunications infrastructure operator Hivory in France and Polkomtel Infrastrucktura in Poland . The Board has approved a dividend payment of € 0.0174 per share , charged to the share premium reserve , to be paid out on 17 June .