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Wireless

Cellnex expands board, earmarks EUR 1.8 bln for more growth

Thursday 31 May 2018 | 15:13 CET | News
Spanish operator Cellnex Telecom has set aside EUR 1.8 billion for future acquisitions in both Europe and the rest of the world, reports El Economista, citing the company's CEO Tobias Martinez. Cellnex has invested some EUR 3.3 billion in growth projects over the past 3 years, increasing its tower portfolio from just over 7,000 sites located mainly in Spain in 2014 to more than 21,000 in six European countries at the end of 2017, rising to 28,000 in 2022, said Martinez at the company's first AGM in Madrid after relocating its HQ from Barcelona.

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Categories: Mobile & Wireless
Companies: Cellnex
Countries: Spain
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