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Finance

Spain’s Cellnex nine-month core earnings rise 6.1%
Cellnex satellite dishes at company headquarters

Published : 3 weeks ago, on

BARCELONA (Reuters) – Spain’s Cellnex, Europe’s largest mobile phone tower operator, on Monday reported a 6.1% hike in adjusted core earnings in the first nine months of the year as revenues grew 7% to 2.9 billion euros ($3.11 billion) thanks to the deployment of more towers.

Cellnex booked a narrower net loss of 140 million euros from 198 million euros in the same period of last year. It attributed the loss this year to a negative effect of its assets in Austria among other factors.

The company plans to sell its unit in Austria before the end of the year and its Ireland business in the first quarter of 2025, it said.

($1 = 0.9332 euros)

 

(Reporting by Joan Faus, editing by Inti Landauro)

 

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