HomeEconomyAmerican Tower Considers Buying Stake in Vodafone Towers

American Tower Considers Buying Stake in Vodafone Towers

Bloomberg, citing people familiar with the matter, said American Tower Corporation is considering a bid to acquire a €13 billion ($12.6 billion) stake in Vodafone Group’s tower division.

Insiders noted that the US telecommunications infrastructure operator is exploring a potential investment in Frankfurt-listed Vantage Towers AG.

Vodafone plans to sell part of its roughly 82 percent stake in Vantage and has invited willing companies to bid. Bloomberg reported last month that private equity firms KKR & Co., Global Infrastructure Partners and EQT AB are showing interest in buying the stake.

Source: El Iktisad

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