Deutsche Telekom, Cellnex combine Dutch cell phone tower businesses
BERLIN (Reuters) – German telecoms group Deutsche Telekom and Spanish cell phone mast operator Cellnex talked about on Thursday they’d combine their tower enterprise inside the Netherlands and organize a joint fund to spend cash on digital infrastructure.
Once the deal closes, Cellnex Netherlands will perform 4,314 web sites, along with 180 new ones which could be constructed over the following seven years. Cellnex will private 62% of the model new entity, whereas Deutsche Telekom will preserve 38% by way of the fund.
The companies will develop to be anchor merchants in a newly established Digital Infrastructure Vehicle (DIV), an funding fund focused on European digital infrastructure. Deutsche Telekom will change its T-Mobile Infra enterprise to the fund, they talked about.
Deutsche Telekom will receive a 250 million euro ($303 million) cash charge and a shareholding in DIV, they added inside the assertion. This interprets proper right into a capital dedication of Deutsche …
