Cellnex would be studying taking a minority stake in the European telecommunication tower network CK Hutchison, which is valued at about $10 billion, according to Bloomberg.  This has been linked to news about Cellnex potentially making a €3 billion capital increase to raise funds for a large operation. The acquisition of a minority stake in a telco tower business would imply a deviation from Cellnex’s growth strategy up to now, as it has focused on buying complete networks.