Cordiant Digital Infrastructure Ltd (LSE:CORD) said its Czech-based portfolio company České Radiokomunikace (CRA) has signed a 15-year contract with T-Mobile, an existing blue-chip mobile operator customer, for the lease of space on CRA's telecommunications tower portfolio.
This new contract replaces and expands the scope of the existing contract with T-Mobile from 202 telecoms sites owned by CRA to 610.
The new contract with CRA will bring T-Mobile greater flexibility in installing 5G equipment and greater signal availability, primarily in rural areas.
Running until 2038, the contract improves CRA's visibility over future revenues and provides the opportunity to grow revenues by leasing additional tower space to T-Mobile.
"Our infrastructure is unique, both in Czech and in European terms,” said CRA's chief executive Miloš Mastnik in a statement.
“We are glad that our clients appreciate its quality and that it is helping us improve our services for end users of mobile services. We are pleased that we can be a long-term and stable partner for our clients, which is reflected in the duration of the contract we have signed," he added.