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Cetin Group

CETIN Group consolidates wholesale providers of fixed and mobile telecommunications infrastructure to all telecommunications operators on equal and transparent footing. 

General info

The Group’s mission is to be a leader in providing telecommunication infrastructure services across the CEE region.
CETIN subsidiaries operate in Czechia, Hungary, Bulgaria and Serbia. Their anchor customers are telecommunications operators from PPF Telecom Group, operating under O2 and Yettel brands. 

CETIN rack

Key strengths

  • Leading open access telecommunication infrastructure platform in the CEE region
  • The Group is 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 Group

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 subsidiaries 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 Group key figures

2022 2021 2020
PPF Group share (%) 70* 100* 100
Net profit (EUR millions)   224 242 98
Assets (EUR millions)   3,733 3,588 3,468
Equity (EUR millions)   1,016 866 1,663
Number of employees   2,983 2,923 2,172

*30% stake sold to GIC, Singapore in March 2022

“Our state-of-the-art telecommunications infrastructure solutions provide the backbone for the digitalisation of the world around us.”

Juraj Šedivý

Chief Executive Officer of CETIN Group

CETIN Group key figures

Juraj Šedivý


CETIN Group B.V.

Strawinskylaan 933
1077 XX Amsterdam
The Netherlands