December 4, 2022

Cellnex says European towers M&A is ‘over’ because it seeks to

Cellnex says European towers MA is ‘over as it seeks

Cellnex says European towers MA is ‘over as it seeks

Spanish masts firm Cellnex stated that the European towers market is now “just about closed”, as hovering inflation makes it more and more tough to finance new offers and the provision of property dwindles.

“M&A exercise is over,” stated Tobías Martínez Gimeno, who has been chief govt of Cellnex since 2014, and has led the corporate by means of an acquisition spree that has constructed it into the largest tower group in Europe. “Materials, inorganic progress, for the following 24…

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