Cellnex in advanced negotiations to sell Austrian unit, books H1 net loss

MADRID: Cellnex, Europe’s largest mobile phone tower operator, said on Thursday it was in advanced negotiations to sell its Austrian unit after receiving binding offers, triggering a rise in shares.

The Spanish company booked a net loss of 418 million euros in the first half of 2024 compared to a loss of 196 million from the same period a year earlier, as it reported an impairment related to the potential sale of the unit.