INTELLIGENT BRANDS // Mobile Technology
Boldyn Networks acquires Cellnex ’ s Private Networks Unit to enhance 5G Strategy
Boldyn Networks , one of the largest shared network infrastructure providers in the world , has agreed to acquire Cellnex ’ s private networks business unit .
This largely includes EDZCOM , a Finnish pioneer and European market leader that designs , builds and operates private 4G and 5G networks , predominantly for industrial clients in manufacturing , ports , oil and gas , energy generation and mining . The agreement further advances Boldyn ’ s private networks strategy .
As one of the largest independent providers of private networks solutions , EDZCOM brings experience from 50- plus implementations in Finland , France , Germany , Spain , Sweden and the UK for world-class enterprises . By acquiring EDZCOM , Boldyn further increases its neutral host capabilities .
Boldyn Networks is behind complex private networks deployments around the world like Moray East , a wind farm supplying power to approximately one million homes in Scotland . In the US , examples of Boldyn ’ s on-going deployments of private and converged networks include the state-of-the-art 5G infrastructure at the Cowtown Coliseum and a CBRS private network for enhanced operation and touchless enhancements for visitors at the Dignity Health Sports Park .
With revenue opportunities for 5G private networks deployments estimated at US $ 109.4B globally1 by 2030 , the agreement reinforces Boldyn ’ s role in this space and positions it to capture its full potential with the additional expertise and geographical coverage that EDZCOM provides .
This move will also accelerate Boldyn Networks ’ expansion in Europe particularly in Finland , Spain , Germany , Sweden and France , as new markets for the company and further expansion in the UK and Ireland . Boldyn has an important presence in the UK , Ireland and Italy where it provides connectivity for key verticals .
Its 20-year agreement with Transport for London represents a milestone in the company ’ s connected transport strategy . Boldyn ’ s 5G multi-carrier wireless network in First Direct Arena in Leeds and the iconic Olympia landmark in London are examples of the company ’ s investment in connected venues . Boldyn ’ s collaboration with Sunderland City for its 5G connectivity project is testament of its focus on building the interconnected cities of tomorrow . The company will now be better equipped to provide existing customers with private networks solutions in Europe and the US .
“ Boldyn Networks is leading the way in bringing private networks to our customers so that they can meet all their operational and connectivity challenges ,” said Igor Leprince , Group CEO of Boldyn Networks . “ EDZCOM ’ s team capabilities , impeccable reputation and recognised expertise are an important addition to our team to capture the potential of this market across continents . From venues and wind farms to ports and manufacturing sites , we are building upon being the partner of choice for 5G private and converged network infrastructure projects .”
The transaction is subject to customary regulatory and other consents . It ’ s expected to close in Q1 2024 . p
As more companies and industries choose private networks to seize digitalisation opportunities , EDZCOM ’ s mobile private network solutions offer high-performance wireless connectivity for enterprise automation , robotics and real-time remote control and monitoring . This helps unlock productivity and growth and offers continuity and security for business-critical operations .
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