Deutsche Telekom & Cellnex To Create Tower Company In The Netherlands
BONN (dpa-AFX) - Deutsche Telekom AG (DTEGY.PK) and Cellnex Telecom S.A. have agreed to merge their Dutch mobile communications infrastructure companies into Cellnex Netherlands BV. This combination of tower businesses of both companies will result in the largest independent cell mobile tower company in the Netherland.
The companies will also become anchor investors in a newly created Digital Infrastructure Vehicle (DIV), an investment fund focused on European digital infrastructure. DIV will be open to institutional investors. Deutsche Telekom intends to hold a limited partner stake of around 25 percent in the fund after third-party investments.
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