Finland: Boldyn Networks finalizes acquisition of Cellnex's private network business

Mar 04, 2024 | Posted by Abdul-Rahman Oladimeji

Boldyn Networks has completed its acquisition of Cellnex's private network business for an undisclosed sum. This acquisition includes Edzcom, Cellnex’s Finnish subsidiary that specializes in private networks for industrial environments.

“By bringing Cellnex's private networks business unit under the Boldyn umbrella, not only are we acquiring additional expertise, but growing our capability to interconnect the most complex environments," said Igor Leprince, Group CEO of Boldyn Networks. "From heavy industry facilities, transport systems, city-wide networks, and large venues to ports and nuclear power plants, we continue to be the neutral host partner of choice for our customers."

Boldyn Group CSO Justin Berger added, "Private 5G networks provide secure connectivity to unlock new services and the ability for customers to control and monitor the network in real-time. We can't wait to contribute with developing more 5G use cases that can drastically improve efficiency and productivity across many sectors."