CETIN companies are wholesale providers of fixed and mobile telecommunications infrastructure to all telecommunications operators on equal and transparent footing.
CETIN infrastructure
General info
CETIN's mission is to be a leader in providing telecommunication infrastructure services across the CEE region.
CETIN companies operate in Slovakia, Hungary, Bulgaria, and Serbia. Their anchor customers are telecommunications operators from e& PPF Telecom Group, operating under O2 and Yettel brands.
Key strengths
- Leading open access telecommunication infrastructure platform in the CEE region
- CETIN companies are well positioned to benefit from a structural increase in digitalisation and data demand
- Committed and growing cash flows underpinned by mobile service agreements with high quality customers
- Significant up-selling and growth opportunities beyond the mobile service agreements
- Conservative financial profile with strong margins and high revenue visibility
- Experienced management team supported by a committed shareholder.
CETIN infrastructure
Pioneers in structural separation
PPF Group was the first to execute a voluntary separation of infrastructure from an integrated operator. The 2015 spinoff of CETIN Czechia was followed by a similar divestiture in Hungary, Bulgaria, and Serbia in 2020. These entities were consolidated under CETIN Group from since 2021. CETIN Slovakia was spun off in 2022, and isn't consolidated in CETIN Group at the moment. CETIN businesses provide their services to any telecommunications operators on a non-discriminatory basis. Being focused on infrastructure, CETIN companies are able to deploy optimal end-to-end solution for every requirement, rationalise long-term infrastructure planning, and utilise procurement scope and scale synergies.
CETIN International key figures
| 2025 | 2024 | 2023 | |
| Revenue (EUR millions) | 638 | 578 | 523 |
| EBITDA afer leases (EUR millions) | 413 | 379 | 334 |
| CAPEX (EUR millions) | 62 | 216 | 184 |
*2023 and 2024 are non-audited, pro-forma figures, restating the metrics for the current perimeter
“Our state-of-the-art telecommunications infrastructure solutions provide the backbone for the digitalisation of the world around us.”
Jason King
Chief Executive Officer of CETIN International
Contacts
CETIN International N.V.
Zuidplein 168
1077 XV Amsterdam
The Netherlands
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