Frankfurt, Hamburg According to financial and corporate circles, Deutsche Telekom is about to make the final decision on the sale of a majority stake in its radio tower business.
The former favorite, Europe’s market leader for mobile infrastructure, Cellnex from Spain, is out of the race, the company said on Wednesday. Cellnex partner, the Canadian investment company Brookfield, has now teamed up with another investor, Digital Bridge, and surprisingly submitted a new bid in the last few meters, as several people familiar with the matter said.
It is competing with the bid of the private equity consortium of investors KKR, Stonepeak and GIP, which had initially been considered the last remaining bidder.
An official decision by Deutsche Telekom between the final bids is expected on Wednesday afternoon. The Supervisory Board of the Group is scheduled to meet shortly. The bid from Brookfield and Digitalbridge is already considered a winner internally, as three connoisseurs of the situation said.