Cellnex says inflation has shut down European phone masts market, Financial Times reports
Source: Reuters
MADRID, Nov 20 (Reuters) - The European mobile towers market is "pretty much closed" as rising inflation makes it harder for companies to finance new deals and the availability of assets declines, the chief executive of Cellnex (CLNX.MC) told the Financial Times."M&A activity is over. Material, inorganic growth, for the next 24 months is over," Tobías Martínez Gimeno told the newspaper in reference to the overall…
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