Deutsche Telekom Contemplating Tower Spin Off in Early 2022

By John Celentano, Inside Towers Business Editor

Interest in the European tower business remains high with the formation of yet another large towerco in the offing. Deutsche Telekom AG (DTE.DE), headquartered in Bonn, is considering the sale of its tower business, reported German publication Handelsblatt, citing unnamed sources familiar with the matter.   DT currently manages its tower business through a wholly owned subsidiary, GD Towers. The sale could take place as early as the end of the Q1 2022. DT could opt to divest part or all of GD Towers, although DT CEO Timotheus Höttges, said at an investment conference in November that he would prefer a partnership with another tower operator.     Sizable Tower Business GD Towers, part of DT’s Group Development organization, is already operating at scale. At the end of 3Q21, GD Towers operated 40,100 towers, rooftops, and other communications sites. In Germany, GD Towers’ Deutsche Funktrum operation manages roughly 33,000 sites - towers, masts, roof sites and distributed antenna systems (DAS). Continue Reading