The renewable energy group has announced the inclusion of a new clause in contracts with suppliers and customers to protect itself against Brexit. The company itself describes this as a “Brexit clause. This will eventually offset the impact of new customs duties which will be applied to imported and exported equipment. This is currently duty free.Read More
Cellnex has announced it will buy the Hutchinson towers in Europe for 10 billion euros. The operation will be paid partly in shares so that Hutchinson will acquire 5% of the Spanish group. Since its IPO five years ago, this has invested more than 25 billion euros in purchases. This latest operation with CK Hutchinson will position Cellnex with more than 100,000 towers closer to the world leader American Tower.