Cellnex's rapid expansion will give the company more than 100,000 tower sites in its portfolio, compared with about 82,000 towers for Vantage, which was spun out of Vodafone Group .
American Tower, which has nearly 200,000 towers globally, has a quarter of that number in Europe, and about 170,000 towers are still owned by mobile network operators.
A surge in demand for telecom services due to lockdown resulted in significant growth not only in the subscriber base also in the usage of telecom services.
In the last five years, total broadband subscription in the country grew by 175pc.