Spain’s Cellnex Q1 loss slightly narrows, core earnings rise 15%

BARCELONA: Spain’s Cellnex reported on Thursday a first-quarter net loss of 91 million euros ($100.40 million), slightly narrower than a year before, as Europe’s largest mobile phone tower operator slows down its ambitious expansion.

The loss, which Cellnex attributed to higher amortizations and costs from the consolidation of its past acquisitions, was wider than the 79 million euros loss forecast by Refinitiv.