Deals
Cellnex Weighs Over 3 Billion-Euro Equity Offering
- Tower operator could announce share sale as soon as this month
- Money raised to be used to finance future acquisitions
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Cellnex Telecom SA, Europe’s largest wireless tower operator, is considering raising more than 3 billion euros ($3.4 billion) of fresh capital as it seeks to build a warchest for future acquisitions, people familiar with the matter said.
The Barcelona-based company is discussing a potential share sale with advisers and could announce the plan as soon as this month, according to the people, who asked not to be identified because the information is private. Cellnex is still working out the exact size and timing of any capital increase, the people said.