Spanish operator Cellnex Telecom and infrastructure giant Abertis are the latest companies to announce their decision to relocate their headquarters from Barcelona to Madrid in view of the uncertainty arising from the Catalan government’s push for independence from Spain, according Telecompaper. They are joining around 25 major companies that have announced moves away from the region for legal reasons, including banks Sabadell and CaixaBank, energy firm Gas Natural and satellite broadband provider Eurona.
Abertis controls around 57 percent of Spanish satellite operator Hispasat and retains a 34 percent stake in Cellnex Telecom after having sold 66 percent of its shares in the tower operator in a 2015 IPO that valued the company at around EUR 3 billion.