- like private equity firms KKR & Co Inc KKR and Global Infrastructure Partners competed for a stake in Vodafone Group Plc VOD wireless tower unit, Bloomberg reports.
- Swedish investment company EQT AB also studied a possible investment in Frankfurt listed Vantage Tower AG VTAGY which is currently valued at 13.4 billion euros (13.4 billion US dollars).
- Vodafone has invited interested parties to take part in an auction process.
- Vodafone currently owns around 82% of Vantage.
- Vodafone in August forged an agreement with Hungary’s 4iG and state-owned Corvinus Zrt to divest their Hungarian operations for 715 billion forints ($1.8 billion) in cash.
- In July, Vodafone agreed to sell its Ghana operations to Telecel Group on undisclosed terms.
- Europe’s telecom operators were selling infrastructure assets to raise money for costly fiber optic rollouts and wireless network upgrades, and to pay off their staggering piles of debt.
- In July, Deutsche Telekom AG DTEGY agreed to the sale a majority stake in its Towers unit Brookfield Asset Management Inc BAM and Digital Bridge Group, Inc DBRG in a deal that values the deal at €17.5 billion.
- Price promotion: VOD shares traded 0.68% higher to $12.55 on the last check Thursday.
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