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.
