Telefonica spins off Colombian fibre biz with KKR
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Telefónica acelera la venta del negocio de cable submarino por 1 500 millones
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Telefónica has sold them, Orange is spinning them off, Vodafone is preparing an initial public offering (IPO). And Deutsche Telekom? The largest of Europe s telecom superpowers seems in no hurry to do anything in particular with its towers, the masts that support mobile network equipment. The fact we haven t made any decision doesn t mean the value has been lost, said Christian Illek, Deutsche Telekom s chief financial officer, on a call with reporters last week.
Possibly not. But Deutsche Telekom s options could be limited if it dallies much longer. Cellnex, a towers specialist, is building a European empire through takeover activity, energized by investor enthusiasm for infrastructure assets. Its latest deal in Poland, announced with Polkomtel Infrastruktura last week, would give it about 128,000 sites in a region that was home to fewer than half a million as recently as 2019. With 82,000, Vodafone s Vantage Towers is emerging as another powerbroker. The rise of these titans a