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Cellnex offers stake to Deutsche Telekom as part of towers bid -sources

Thu, 30th Jun 2022 11:01

LONDON, June 30 (Reuters) - Spain's Cellnex has offered Deutsche Telekom a small minority stake in its business as part of efforts to take control of the German company's towers unit in a deal worth about 18 billion euros ($18.77 billion), sources told Reuters.

Cellnex's bidding plan, backed by Canada's Brookfield Asset Management, will also allow Deutsche Telekom to retain a minority stake in the mobile towers unit, one of the sources said. ($1 = 0.9588 euros) (Reporting by Andres Gonzalez, Pamela Barbaglia and Emma-Victoria Farr Editing by David Goodman)

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