Deutsche Telekom, Cellnex ink Dutch tower tie-up - Mobile World Live
21 JAN 2021
Deutsche Telekom signed an agreement with Cellnex to merge their respective tower businesses in the Netherlands and establish a joint investment fund covering digital infrastructure across Europe.
In a statement, Cellnex said Deutsche Telekom’s T-Mobile Netherlands business would integrate 3,150 towers into its Cellnex Netherlands subsidiary, which will operate a total 4,314 sites in the country.
Cellnex and T-Mobile Netherlands plan to sign a 15-year provision agreement, which is automatically renewable for ten-year periods and includes a requirement to roll out 180 new sites over the next seven years.
The new business will be 62 per cent owned by Cellnex, with Deutsche Telekom holding the remaining 38 per cent.