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Wireless

Cellnex closes EUR 1.2 bln capital hike

Friday 22 March 2019 | 10:31 CET | News
Spanish infrastructure operator Cellnex Telecom has successfully closed a EUR 1.198 billion capital increase to strengthen its resources and fund further expansion. In a statement to securities market regulator CNMV, the company said demand for the issue exceeded the volume of new shares offered by 16.6 times. A total of 66.99 million new shares, equivalent to 28.91 percent of the company's current total, will start trading on 27 March, said the company, which plans to invest the funds in "growth projects through acquisitions that could materialise gradually in the medium term".

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Categories: Mobile & Wireless
Companies: Cellnex / TDF
Countries: Spain
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