|Bid||19.65 x 111200|
|Ask||19.99 x 23200|
|Day's range||19.80 - 20.90|
|52-week range||14.04 - 23.01|
|PE ratio (TTM)||147.00|
|Forward dividend & yield||0.09 (0.39%)|
|1y target est||22.43|
Cellnex, which aims to consolidate the wireless towers markets across Europe, suddenly finds itself in a buyer's market for assets and is ready to raise its debt levels to win certain deals, Chief (Taiwan OTC: 3345.TWO - news) Executive Tobias Martinez Gimeno said on Wednesday. The company, which is especially active in Spain and Italy, has acquired some 25,000 towers across Europe to help wireless operators in six European countries cut the costs of delivering high-speed 4G calling and data services to customers. Earlier on Wednesday, two of Europe's biggest telecom players - Deutsche Telekom (IOB: 0MPH.IL - news) of Germany and Altice (Amsterdam: 28975495.AS - news) of France - told an investor conference they were no longer committed to hanging on to tower network assets and would consider selling them.
British broadcast and mobile masts company Arqiva (IPO-ARGL.L) plans to raise around 1.5 billion pounds in the biggest initial public offering (IPO) in London so far in 2017. Private equity owned Arqiva, which carried the BBC's first television broadcast in 1936, said on Monday it will use the proceeds from next month's listing to pay down debt. After 2.6 billion pounds worth of debt held by shareholders is converted into equity, Arqiva's implied enterprise value, which includes debt, could be around 6 billion pounds, a source told Reuters following the announcement.
British broadcast and mobile masts company Arqiva plans to raise around 1.5 billion pounds in the biggest initial public offering in London so far in 2017. Private equity owned Arqiva, which carried the ...
MADRID/MILAN (Reuters) - Spain's market watchdog approved Italian infrastructure group Atlantia's (ATL.MI) proposed takeover of Spanish rival Abertis (ABE.MC) on Monday, clearing one of the hurdles to the creation of the world's biggest toll-roads operator. Approval comes nearly five months after Atlantia announced it was offering 16.3 billion euros (14.55 billion pounds) in cash and shares to buy Abertis. Spanish regulator CNMV said in a market filing the offer was conditional on shareholders representing at least 10.1 percent of Abertis share capital accepting payment in Atlantia shares.
European shares posted their fourth straight month of gains on Wednesday though fresh political worries and the lack of new catalysts following a surprisingly strong earnings season spurred investors to lock in some profits in banks and commodities-related stocks. The pan-European STOXX 600 index ended the day little changed and up 0.9 percent in May, the slimmest rise since the streak of monthly gains began in February.
European shares were set to rise for a fourth month in a row on Wednesday but fresh political worries and the end of a strong earnings season left investors searching for new catalysts. The pan-European ...
European shares opened flat on Wednesday, weighed by a fall in mining stocks and lifted by a big rise for Ericsson after an activist investor bought a stake in the telecoms equipment firm. The broader ...