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Spain's Cellnex explores strategic options, Bloomberg News reports
SG🏛️ PoliticsCenter3 days ago

Spain's Cellnex explores strategic options, Bloomberg News reports

On July 23, Spain-based mobile phone tower company Cellnex is reportedly exploring strategic options such as going private or merging with a competitor, according to Bloomberg News. The company's market capitalization has more than halved since reaching a peak of around 40 billion euros in 2021, driven by concerns over debt levels and customer consolidation. Following the Bloomberg report, Cellnex's shares rose over 5%. The article notes that earlier this year, Cellnex had preliminary discussions with an investor group led by DigitalBridge Group Inc and Deutsche Telekom AG regarding a potential merger involving Deutsche Telekom's infrastructure subsidiary, GD Towers. However, these talks did not advance beyond the initial stages. Neither DigitalBridge Group nor Deutsche Telekom provided immediate comments.

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Channel NewsAsia (CNA) logoChannel NewsAsia (CNA)State / PublicCenter3 days ago
Spain's Cellnex explores strategic options, Bloomberg News reports

On July 23, Spain-based mobile phone tower company Cellnex is reportedly exploring strategic options such as going private or merging with a competitor, according to Bloomberg News. The company's market capitalization has more than halved since reaching a peak of around 40 billion euros in 2021, driven by concerns over debt levels and customer consolidation. Following the Bloomberg report, Cellnex's shares rose over 5%. The article notes that earlier this year, Cellnex had preliminary discussions with an investor group led by DigitalBridge Group Inc and Deutsche Telekom AG regarding a potential merger involving Deutsche Telekom's infrastructure subsidiary, GD Towers. However, these talks did not advance beyond the initial stages. Neither DigitalBridge Group nor Deutsche Telekom provided immediate comments.

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