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Cellnex CEO says tower ‘M&A activity is over’

Inflation bites the group’s plans for any further digital infrastructure purchases in Europe as the firm now focuses on improving its credit rating.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

November 21, 2022 | 11:13 PM GMT

Cellnex CEO says tower ‘M&A activity is over’

Cellnex's Tobías Martínez Gimeno, who has served as the group's CEO since 2014, during a visit to Warsaw to officially open the new Cellnex Poland offices. Source: Cellnex

Spanish digital infrastructure investor and telecoms service provider Cellnex (BME: CLNX) said that tower acquisitions in Europe will now stop as soaring inflation makes capital more expensive and the availability of assets dwindles.

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João Marques Lima

Founder and Editor, The Tech Capital

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