Tag: $Cellnex

Spain’s Cellnex  is exploring a sale of its data centre unit in France, in a deal that could value the business at a few hundred million euros, two people familiar with the matter said on Friday.

 Spain’s Cellnex expects to boost core earnings by up to a third by 2027 as it benefits from years of rapid expansion, allowing Europe’s largest mobile phone tower operator to put more focus on rewarding shareholders and reducing debt.

LONDON, Nov 22 (Reuters) – Mobile phone tower operator Cellnex will accelerate asset sales in a bid to get an investment grade credit rating by the middle of next year and is preparing for a wave of consolidation in the sector, CEO Marco Patuano told Reuters.