Germany carrier Deutsche Telekom announced the sale of 51% of GD Towers comprising its tower assets in Germany and Austria, to Digital Bridge and Brookfield for 17.5 billion euros ($17.58 billion), the telco said in a release.
“We crystalize the value of our tower assets, thereby creating value for our shareholders,” said Tim Höttges, CEO of Deutsche Telekom. “At the same time the deal allows us to continue improving Deutsche Telekom’s undisputed network leadership in Germany and benefit from further value upside of the towers business through our retained 49% stake.”
