Spain’s mobile phone tower group Cellnex expects industry consolidation to slow

LONDON: The chief executive of Cellnex, Europe’s largest mobile phone tower operator, said volatile markets in the wake of the Middle East conflict meant consolidation in the sector would not happen as quickly as he had previously ‌expected. Marco Patuano said ⁠he ⁠was open to a potential revival of the sale of Cellnex’s Swiss operations, which he said was halted last year after bids fell short of expectations.

“Nothing in our portfolio is untouchable,” provided the company receives a suitable offer, he told Reuters in an interview.