Bankinter | Cellnex is negotiating an agreement with Brookfield Asset Management to make a joint bid for Deutsche Telekom’s telecommunications towers affiliate. The deal consists of a group of 40.600 towers in Germany and Austria, worth close to 20 billion euros. The company already confirmed that it would take part in the process and was considering teaming up with a financial partner. We estimate that Cellnex has an investment capacity of some 10 billion euros. It would be a transformational operation for Cellnex as it would increase its portfolio of towers by 23%.

Source: Washington Post June 01, 2022 00:28 UTC