Boldyn Networks drives 5G private network strategy with agreement to acquire Cellnex’s private network business

Boldyn Networks, a leading global provider of shared network infrastructure, has announced an agreement to acquire Cellnex’s private network business unit, including EDZCOM, the Finnish leader in the European market of 4G and 5G private networks. This acquisition positions Boldyn at the forefront of digital transformations and innovation in the Industry 4.0.

EDZCOM, renowned for its leadership in private network solutions, has implemented over 50 projects in Finland, France, Germany, Spain, Sweden, and the UK, significantly contributing to Boldyn’s capabilities in neutral infrastructures. Boldyn, with standout projects such as the Moray East wind farm in Scotland and private networks in the United States, such as at the Cowtown Coliseum and Dignity Health Sports Park, strengthens its presence in the sector.

The acquisition of EDZCOM will enable Boldyn to seize the opportunities of digitalization, offering advanced wireless connectivity for automation, robotics, and remote control, crucial for the productivity and safety of critical operations. The 5G private network market is estimated to generate revenues of $109.4 billion by 2030, and this merger reinforces Boldyn’s role in this emerging market.

This strategy will expand Boldyn’s presence in Europe, opening up new markets in Finland, Spain, Germany, Sweden, and France, and reinforcing its presence in the UK and Ireland. The company, already established in the UK, Ireland, and Italy, is known for projects such as its agreement with Transport for London and wireless networks in iconic venues like the first direct arena and the Olympia in London, as well as its collaboration on 5G connectivity projects with cities like Sunderland.

Igor Leprince, CEO of Boldyn Networks, expressed that EDZCOM’s experience and reputation are crucial in addressing the needs of the global market. Mikko Uusitalo, CEO of EDZCOM, expressed excitement about the opportunity for growth and expansion under the wing of Boldyn.

The transaction, which is subject to regulatory approvals, is expected to be completed in the first quarter of 2024, marking a milestone in the evolution of private and convergent 5G networks worldwide.

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