Deutsche Telekom sells majority stake in masts business

📆 2022-07-14 1:41 PM
📰 malaymail

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FRANKFURT, July 14 ― German telecoms giant, Deutsche Telekom, said today it was selling the majority stake of its masts business to two North American investment funds for...

FRANKFURT, July 14 ― German telecoms giant, Deutsche Telekom, said today it was selling the majority stake of its masts business to two North American investment funds for €10.7 billion , in one of the largest digital infrastructure deals this year.

Deutsche Telekom owns more than 33,000 mobile antennae in Germany alone, including Berlin's iconic TV tower.A rival consortium led by US investment fund KKR had also expressed interest in the acquisition, as had Spanish giant Cellnext before it pulled out of the race, according to German media.

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