Cellnex cheers organic growth as investor reshapes board

Cellnex’s revenues are on the up, suggesting its new organic growth strategy is paying off, while its major shareholder is getting its feet under the table at board level.
The Spanish passive infrastructure specialist posted revenues of close to €1 billion for the first quarter of this year and reported an increase in adjusted earnings, although its net loss continued to widen and debt crept up.
Specifically, the firm’s top line came in at €985 million for the three months