Spain's Cellnex posts wider first-half loss, raises outlook

FILE PHOTO: A telecom antenna of Spain's telecoms infrastructures firm Cellnex are seen under main telecom tower, known as "Piruli", in Madrid, Spain, March 10, 2016. REUTERS/Sergio Perez

BARCELONA (Reuters) - Europe's largest mobile phone tower operator Cellnex reported a wider first-half net loss of 67 million euros ($79.15 million) on Thursday but raised its full-year revenue and core earnings outlook as it consolidates recent acquisitions.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) at the Spanish group rose 53% to 804 million euros versus the same period of 2020, while total revenue grew 47% to 1 billion euros.