Abu Dhabi fund boosts stake in Spanish mobile tower operator Cellnex

Abu Dhabi fund boosts stake in Spanish mobile tower operator Cellnex

Cellnex has bought tens of thousands of phone towers across Europe in the past few years and now controls more than 50,000 sites.. MADRID: Abu Dhabi's sovereign wealth fund raised its stake in Spanish mobile phone tower operator Cellnex after it had broken a shareholders pact with the Benetton family and Singapore's sovereign fund last month.. HSBC revives plan for 35,000 jobs cuts delayed by coronavirus pandemic /node/1691036/business-economy. HSBC had postponed the job cuts, part of a wider restructuring to cut $4.5 billion in costs, in March. HSBC had postponed the job cuts, part of a wider restructuring to cut $4.5 billion in costs, in March saying the extraordinary circumstances of the coronavirus pandemic meant it would be wrong to push staff out.. HSBC sees natural attrition of up to 25,000 roles each year but redeploying all affected staff to those roles was unrealistic, the executive said..