Who is in the running to acquire FPS Towers?
With a ‘long list’ of 10 bidders for the currently in the running for FPS’s portfolio, and only two of those parties to date have announced their involvement in the process (Cellnex and 3i with Wireless Infrastructure Group), we’ve taken a look at who’s declared their hand and who else may be in the running.
Who has announced they’re bidding?
3i, through UK asset Wireless Infrastructure Group (WIG), has bid as part of their strategy to build a European mid-market tower platform driven by entrepreneurial local management teams. Supported by 3i and their other institutional shareholder, Barings Asset Management, WIG’s proposition would allow the highly entrepreneurial FPS team to retain a high level of autonomy over the business they have built to date.
Ideologically, the two organisations both share an entrepreneurial spirit and a willingness to explore new opportunities in their respective markets, with WIG heavily focussed on small cell opportunities in their key markets.