Vantage chief prepared for further European tower M&A - Mobile World Live
17 MAY 2021
Vivek Badrinath, CEO of Vodafone Group spin-off Vantage Towers, outlined an expectation of further movement on deals in Europe’s infrastructure market in the next 12 months, as operators continue to mull the future of their passive assets.
Responding to a question on a potential tie-up with fellow European heavyweights Orange or Deutsche Telekom (DT) posed during the company’s first annual results call since its IPO, Badrinath said several operators were considering what to do with their towers in Europe.
Though clarifying there was “no deal on the table” with either Orange or DT on their respective assets, he acknowledged there were rumours both were open to a potential arrangement.