Cellnex drops bid for Deutsche Telekom towers

This week, Cellnex has announced that it will no longer bid for a stake in Deutsche Funkturm, leaving KKR the last remaining suitor for the German towers unit, valued at around €18 billion.
Deutsche Telekom first began hinting at its desire to sell off a stake in its tower unit late last year, aiming to follow in the footstep of numerous mobile operators worldwide, including European rivals Vodafone and Orange…

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