Vantage Towers IPO: All you need to know about the Vodafone subsidiary
Oliver Brett
March 18, 2021 8:04 AM
Vodafone seeks to raise up to €2.3 billion by floating its rapidly growing subsidiary Vantage Towers. What's the strategy behind the move?
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What is Vantage Towers?
Vantage Towers is Europe's largest company when it comes to building and operating mobile phone masts or towers (also known as cell sites). It has 82,000 sites across 10 markets on the continent and holds a no. 1 or no. 2 market position in nine of them.
Everybody expects to be able to use their mobile phone pretty much wherever they are, but signals can still be choppy, inconsistent or weak in both urban and rural areas.