Cellnex, the largest pure-play tower operator in Europe, has gone through multiple changes of strategy in the past couple of years, as its massive acquisition drive finally came to a halt in the face of reduced opportunities and potential antitrust barriers. Earlier this year it changed CEO, and said it would focus on organic growth rather than M&A, including in relatively new areas such as private networks and active small cell RAN. But it may be changing its mind about these strategies. It has announced the sale of its main private networks business, Edzcom of Finland, to a more established player in this field, Boldyn. This revives a long-standing argument within the infrastructure community – whether towercos, despite their keen…