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. <\/p>\n
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. <\/p>\n
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. <\/p>\n
The results show “the strength of our key indicators quarter after quarter”, said Cellnex’s chief executive Marco Patuano in a statement, referring to revenue or free cash flow while stressing that the metrics are in line with the company’s 2024 and mid-term goals. <\/p>\n
Cellnex slightly reduced its net financial debt to 17.5 billion euros until September of this year. It said it has immediate liquidity access worth about 4 billion euros.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-875496","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/875496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=875496"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/875496\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=875496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=875496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=875496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}