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.
Cellnex Telecom S.A.Cellnex is exploring going private or merging with a competitor, causing shares to jump over 5%.
Digitalbridge Group Inc
Deutsche Telekom AG
DTE Energy Company