MADRID, May 30 (Reuters) - Europe’s biggest phone towers group, Spain’s Cellnex, expects more deals to take shape in 2019-2020 after a recent $3-billion splurge on assets owned by French tycoon Xavier Niel, its chief executive said on Thursday.
“Now is the moment, 2019-2020,” Tobias Martinez told Reuters in an interview. “I see results materialising, because we worked in 2018, you just couldn’t see it ... We expect to keep doing M&A deals.”
Cellnex wants to do more business in Britain, where it has already expressed interest in masts company CTIL, regardless of the results of Britain’s planned exit from the European Union, Martinez said. ($1 = 0.8977 euros) (Reporting by Andres Gonzalez and Isla Binnie; Editing by Paul Day)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.