DigitalBridge and Brookfield emerge victorious in GD Towers sale
Deutsche Telekom’s prized assets sell for an EV of €17.5bn
This is the news and speculation that has dominated the European tower industry newsfeeds for the past few months – the sale of Deutsche Telekom’s GD Towers business. Boasting the largest tower portfolio in Europe’s largest mobile market, alongside a healthy portfolio in Austria, Deutsche Telekom’s tower business had no shortage of suitors when it came to market. Europe’s big name towercos alongside various investors had been linked to the deal but on 14 July it was announced that DigitalBridge and Brookfield had emerged as the winning bidders, acquiring a 51% stake which valued GD Towers at €17.5bn.