Frankfurt, Hamburg According to financial sources, Deutsche Telekom is in final negotiations to sell a majority stake in its radio tower business.
A consortium of investors KKR, Stonepeak and GIP is currently the last remaining bidder, according to people familiar with the matter. Europe’s market leader for mobile communications infrastructure, Cellnex from Spain, sees itself out of the running.
An official decision by Deutsche Telekom is still pending. On Wednesday, the supervisory board is to deal with the deal.
Deutsche Telekom’s radio tower portfolio – one of the largest in Europe – has over 33,000 locations and is estimated by industry experts at around 18 billion euros. Vodafone’s subsidiary Vantage Towers had also initially expressed an interest. However, not least because of the difficult antitrust situation, she was given hardly any chances.
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