Cellnex and T-Mobile merge Dutch tower businesses and fund the newly established Digital Infrastructure Vehicle
Deal creates the Netherland’s largest independent towerco and anchors fund to invest in European digital infrastructure
Cellnex and Deutsche Telekom have reached an agreement to merge their Dutch tower portfolios into Cellnex Netherlands BV, with the newly enlarged entity set to possess a portfolio of 4,310 (inclusive of a BTS commitment of 180 sites). In parallel, both companies will become anchor investors in a newly established fund, Digital Infrastructure Vehicle which will invest in European digital infrastructure, with its 38% stake in Cellnex Netherlands its first such investment. TowerXchange takes a closer look at the Dutch tower market, the deal and the implications for the European tower industry.
The Dutch tower market
There are three MNOs in the Dutch market; KPN, VodafoneZiggo (owned by Vodafone and Liberty Global), and T-Mobile (owned by Deutsche Telekom).