Spain's Cellnex explores strategic options, Bloomberg News reports

July 23 (Reuters) - Mobile ‌phone ​tower ​group Cellnex is studying strategic options including taking the company private ‌or a merger with a competitor, ⁠Bloomberg News reported on Thursday.

Spain-based Cellnex's market ‌capitalisation has more than ‌halved since its peak of about 40 billion euros ($45.54 billion) in 2021, as ​investors worried about its debt levels and potential consolidation among its ⁠customers.

The company's shares jumped over 5% after Bloomberg News ​report.

Cellnex was not immediately available for comment.

In the past year, Cellnex management ​held early talks with ‌an investor group backed by DigitalBridge Group Inc and Deutsche ⁠Telekom AG about the possibility of a deal, the report said, citing people familiar ⁠with the matter.

The consortium was considering the idea ​of a tie-up that would see Cellnex combine with Deutsche Telekom’s infrastructure affiliate GD Towers ‌but the discussions did not progress past the initial stage, ‌it added.

DigitalBridge Group and Deutsche Telekom ⁠could not immediately ‌be reached for ​comment.

($1 = 0.8784 euros)

(Reporting by Hyunsu Yim in Barcelona; Editing by Mark ‌Porter)

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