Spanish Courts of Cellenex Deutsche Telekom | News

Apparently, there has been a move in the process of selling the Deutsche Telekom radio tower business. Spain’s Cellnex has teamed up with Canadian Brookfield Asset Management to finance the Telekom deal and avoid a capital increase that could disappoint shareholders.

Europe’s largest radio tower operator, Cellnex, is to acquire a minority stake in Deutsche Telekom in exchange for the sale of its subsidiary Telekom. It is about less than ten percent of the stake in Cellnex.

The Spanish group recently made an offer to Deutsche Funkturm GmbH (DFMG), which is valued at around 18 billion euros and is considered the crown jewel of the DAX group. The Spaniards also offered the Bonners to keep a minority stake in the radio tower business following the acquisition.

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Cellnex’s offer responded to an offer from a consortium led by KKR that would allow Telekom to retain control of the cell tower business. The decision should be announced before the publication of Telekom’s quarterly data on August 11. But Cellnex is not the only stakeholder in the cell tower business of Europe’s largest telecommunications group. According to insiders, KKR is in a tendering alliance with American investment firms Global Infrastructure Partners (GIP) and Stonepeak and has recently made an offer.

Deutsche Telekom participation at a long-term summit

Deutsche Telekom’s shares have increased significantly since the low in March and even hit a new record this year. This growth is supported by a rising MACD (Momentum), but a permanent breakout has yet to be achieved. Another significant support is just under € 18.

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