Spain's Cellnex Explores Strategic Options, Including Privatization or Merger, Amid Debt Concerns

Mobile phone tower group Cellnex is reportedly exploring strategic options, including taking the company private or merging with a competitor. This comes as the company's market capitalization has more than halved since 2021 due to investor concerns over its debt levels and potential consolidation among its customers. The news, reported by Bloomberg, caused Cellnex's shares to jump over 5%.