This media release/news item was published prior to our acquisition of the Cellnex Private Networks business including Edzcom in February 2024. Learn more about the acquisition here.

Cellnex and Boldyn Networks (Boldyn) have reached an agreement under which Boldyn will acquire Cellnex’s private networks business unit which largely includes Edzcom, Cellnex’s Finnish subsidiary that specializes in connectivity solutions for private networks in industrial complexes and environments. The deal is expected to be finalised by Q1 2024.

As the largest independent provider of private networks solutions, Edzcom brings experience from +50 implementations in Finland, France, Germany, Spain, Sweden and the UK for world-class enterprises.

Boldyn Networks is already behind complex private networks deployments around the world like Moray East, a wind farm supplying power to approximately 1 million homes in Scotland. In the US, examples of Boldyn’s ongoing deployments of private and converged networks include the state-of-the-art 5G infrastructure at the legendary Cowtown Coliseum, and a CBRS private network for enhanced operation and touchless enhancements for visitors at the Dignity Health Sports Park.

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. With revenue opportunities for 5G private networks deployments estimated at $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.

¹GSMA’s Private 5G Industrial Networks analysis, June 2023.