Cellnex Will Return Cash to Shareholders Amid Asset Sales

Cellnex Telecom SA, Europe’s largest mobile tower operator, will set up a plan to return cash to its shareholders next year as part of new Chief Executive Officer Marco Patuano’s efforts to restructure the company.

A dividend policy “is important to every tower company, and we cannot be different to the rest of the sector,” Patuano said in a call with analysts about the Spanish company’s third-quarter financial results on Friday. Cellnex will present the plan at its capital markets day next year.

Cellnex is selling off assets to pare debt after spending the last few years buying ...