Betaville

American Tower and Brookfield said to be working with Morgan Stanley on EURO 35 billion Cellnex takeover, according to OKDiario - Part 2

Perhaps OKDiario's scoop about a EURO 35 billion takeover of Cellnex was a load of codswallop after all!

According to JP Morgan scribbler Akhil Dattani, Cellnex has denied it has been approached by American Tower or its advisers.

Indeed, it would appear Dattani has done some actual journalism as tucked away within the analyst's latest note there is a line that says: "Cellnex refutes having been approached by AMT or a mandated bank"...

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American Tower Corporation and Brookfield said to be working with Morgan Stanley on EURO 35 billion Cellnex takeover, according to OKDiario

Have you ever heard of OKDiario?

Well, little old Betaville had never heard of the tiltle until it revealed today that American Tower Corporation, the US-listed telecoms infrastructure giant, and Canada's infrastructure investor Brookfield had appointed Morgan Stanley to examine a multi-billion EURO takeover bid for Cellnex, the Spanish telecoms infrastructure owner...

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