Despite being one of the first tower markets in Europe in 2008 after KPN divested its assets in four tranches, M&A and tower activity in The Netherlands has been limited in the past few years. Today’s announcement from MNO KPN and pension fund ABP reshapes the country’s tower market. The MNO and pension fund have signed an agreement to combine assets to put the Netherlands back in the spotlight.
The deal
The new towerco will manage approximately 3,800 sites representing the consolidated passive infrastructure of ABP-majority owned Open Tower Company (OTC), consisting of high voltage pylons, broadcasting and macro towers and KPN’s rooftops, macro sites and third-party towers.
