Category

Market Watch

Category
Cellnex is close to finalizing the sale of its Austrian business, as indicated in its recent first-half results presentation. Market Watch

Cellnex is nearing the sale of its Austrian operations, with multiple offers on the table and advanced negotiations underway. This news, alongside strong first-half financial results, boosted investor confidence despite a net loss of €418 million. The sale is part of Cellnex’s strategy to divest non-core assets and focus on debt reduction and organic growth, resulting in improved revenues and reduced net debt.