KKR jointly bids for Telekom asset
JUNE 20, 2022 13.25 EUROPE/LONDON BY CHRIS DZIADUL

KKR & Co, Global Infrastructure Partners (GIP) and Stonepeak Partners have jointly submitted a binding offer for a controlling stake in Deutsche Telekom’s tower unit.

According to Bloomberg, they are competing with a consortium made up of Canada’s Brookfield Asset Management and Spain’s Cellnex Telecom.

Telekom’s tower unit is believed to worth €20 billion.