Deutsche Telekom is preparing a sale of its Dutch subsidiary T-Mobile Netherlands. This follows an unsuccessful attempt in 2015 when it tried to sell T-Mobile Netherlands, but the Dutch operations have grown considerably since.
Citing sources close to the matter, the paper said Deutsche Telekom is looking to sell the mobile phone operator to private equity investors in a deal that could be worth 4 billion to 5 billion euros ($4.9 billion to $6.1 billion).
A sale to one of the two other telecom operators in the Netherlands, kpn and Vodafone-Liberty Global joint venture VodafoneZiggo, would be impossible due to competition concerns, the sources said.
Cellnex Telecom has announced that it has closed the acquisition of CK Hutchison Holdings Ltd’s telecommunications tower assets in Austria, Denmark, and Ireland. The total value of the operation is €10 billion and the agreements also cover the roll-out of up to 5,250 new sites over the next eight years, with an additional investment of €1.4 billion.
In terms of sales, group turnover will increase from €1.2 billion to €3.8 billion once all planned roll-outs are complete. Estimated additional EBITDA will be around €970 million, while free and recurring cash flow will grow by around €620 million.
Cellnex Telecom is Europe’s leading operator of wireless telecommunications and broadcasting infrastructures with a portfolio of c.70,000 sites including forecast roll-outs up to 2028. Cellnex operates in Spain, Italy, Netherlands, France, Switzerland, the UK, Ireland, Portugal, Austria and Denmark.