Cellnex CEO considering starting dividend plan a year earlier, Il Sole 24 Ore reports
Fixes typo in the name Marco in paragraph 1
MADRID, Oct 4 (Reuters) -Spanish mobile phone tower operator Cellnex's CLNX.MC Chief Executive MarcoPatuano said he is considering starting the company's dividend plan a year earlier in 2025, newspaper Il Sole 24 Ore reported on Friday.
"We aim to bring forward to 2025 a remuneration that can be material, consistent," he told the Italian newspaper.
The company has said in March it intends to distribute at least 3 billion euros ($3.31 billion) between 2026 and 2030, with at least 500 million euros in 2026 and a 7.5% annual increase after that.
Cellnex is in the process of reducing its debt after several years of aggressive expansion through acquisitions which made it one of Europe's largest telecom firms.
($1 = 0.9065 euros)
Reporting by Inti Landauro and Alvise Aremllini in Milan; editing by Jason Neely
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