Europe news
TowerXchange is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Europe news

europe-news.png

A roundup of tower news across Europe

Germany: According to local press, Deutsche Telekom is planning to sell a 49% stake in infrastructure arm Deutsche Funkturm. TowerXchange does not believe a formal process is underway as yet, but already the news has sparked interest with both German and foreign investors, who see their 34,700 sites across Germany as a very attractive investment prospect.

Italy: Spanish towerco Cellnex has bought out Wind’s remaining 10% stake in its Italian subsidiary Galata. Cellnex paid €87mn for the additional 10% of Galata, giving it full ownership. Cellnex became the largest independent operator of wireless infrastructure in Italy in 2015 when it acquired Galata, along with 7,400 towers, from Wind, in a 15-year network deal.


UNLOCK THIS ARTICLE

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Subscribe Login
Gift this article