Home / English News / Spain’s Cellnex posts wider nine-month net loss, core earnings grow 59%

Spain’s Cellnex posts wider nine-month net loss, core earnings grow 59%

BARCELONA (Reuters) – Europe’s largest mobile phone tower operator Cellnex said on Thursday its nine-month net loss widened 73% to 145 million euros ($169.36 million) on higher amortizations and costs from acquisitions, while core earnings grew 59%.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 1.3 billion euros while revenue grew 53% to 1.7 billion euros thanks to the Spanish company’s rapid expansion, led by its services to mobile operators division.

(Reporting by Joan Faus; Editing by Nathan Allen)



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