Cellnex Telecom S.A.

Cellnex Telecom, S.A. manages terrestrial telecommunications infrastructure in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria. It operates through four segments: Towers; DAS, Small Cells, and RAN as a Service; Fiber, Connectivity, and Housing Services; and Broadcast. The company was formerly known as Abertis Telecom Terrestre, S.A.U. and changed its name to Cellnex Telecom, S.A. in April 2015. It was incorporated in 2008 and is headquartered in Madrid, Spain.

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Cellnex explores going private or merging with a competitor

Mobile phone tower group Cellnex is studying strategic options including taking the company private or a merger with a competitor, Bloomberg News reported on Thursday. Spain-based Cellnex's market capitalisation has more than halved since its peak of about 40 billion euros in 2021, as investors worried about its debt levels and potential consolidation among its customers. The company's shares jumped over 5% after the report. In the past year, Cellnex management held early talks with an investor group backed by DigitalBridge Group and Deutsche Telekom about a possible deal, but the discussions did not progress past the initial stage.

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