 Despite press reports that KKR was the last bidder in the running, DigitalBridge Group, Inc. (NYSE: DBRG) seemingly came out of nowhere yesterday to join with Brookfield Infrastructure Partners (NYSE: BIP) to acquire a 51 percent ownership stake in Deutsche Telekom’s GD Towers. The transaction, valued at $17.5 billion, included 40,000+ sites in Germany and Austria.
Cellnex Telecom, which was aligned with Brookfield, withdrew its offer to acquire a stake in Deutsche Telekom’s tower portfolio, which reportedly left a consortium led by KKR as the sole bidder for the assets, as previously reported by Inside Towers. But when Cellnex bowed out, DigitalBridge stepped in and teamed up with Brookfield and won the bid. Continue Reading |
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