Telecom Infrastructure Partners (Denmark) ApSAktiv

Description of key activities of the companyThe key activities of the company is the acquistion of mobile telecommunications site property rights and assets. Under each agreement, the company acquires the right to receive rental income under the lease with mobile network operator. The company is a member of the Telecom Infrastructure Partners group of companies, whose immediate parent company is based in Luxembourg.

Significant changes in the company's activities and financial mattersThere have been no significant changes in activities and financial matters. The result after tax totals DKK -13.172 thousand against DKK -14.398 thousand last year. Management considers the results for the year to be as expected based on the increase in staff and investment activities. The Group invests in long-term Cell Site leases, making upfront payments to landowners to acquire the rights to the cell site lease on their property. This model requires significant upfront investment to acquire the sites. In the short-term, the business is loss-making while it invests in staff to source these investments. In the medium-to-long term, the business will have acquired sufficient Contracted Rent to offset these losses with profits. The company has received capital contributions of DKK 71.877 thousand.during the financial year from it's parent company Nile Finco S.à r.l..

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