In today’s industry news roundup: Cellnex is set to sell more assets as it seeks greater financial stability; Fastweb has been earmarked as a potential bidder for Vodafone Italy; 1&1, which is building an Open RAN-enabled network in Germany, is ready to launch its own mobile services in December; and much more!
European towers giant Cellnex Telecom is eager to continue with its asset sales and is considering a full disposal of its operations in Ireland and Austria, the company’s CEO Marco Patuano told Reuters, which are reportedly valued at €1.05bn and €1.41bn respectively. These accelerated asset sales are driven by the need to reduce debt and get an investment-grade credit rating by mid-2024, as well as in preparation for a wave of consolidation in the sector. Patuano was cited as saying that the capital expenditure (capex) of the company is now absorbing all generated…
