Spain’s Cellnex 2024 core earnings rise 8%

BARCELONA (Reuters) – Spain’s Cellnex, Europe’s largest mobile phone tower operator, reported an 8% hike in adjusted core earnings for 2024 on Wednesday as revenues grew 7.7% to 3.9 billion euros ($4.09 billion) thanks to the deployment of more towers.

Cellnex booked a narrower net loss of 28 million euros from 297 million euros in 2023, with the company saying it was moving closer to breaking even.

($1 = 0.9531 euros)

(Reporting by Joan Faus; Editing by David Latona)

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