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Tower transactions, carve outs and IPOs in the German tower market


A look at recent and rumoured activity in Europe’s biggest telecom market

The German tower market is becoming the subject of speculation with the carve out of Telefónica’s Spanish towers sparking rumours that Telefónica’s German business may follow suit; whilst market leader, Deutsche Telekom has reportedly opened discussions on a part listing of its German portfolio. Meanwhile, could American Tower be soliciting third party investment into its German business? We speak to Jonathan Dann, Managing Director of Telecom Research at RBC Capital Markets to better understand the landscape in the German tower industry and discuss how the market looks set to evolve.

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