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Deutsche Telekom to sell 49% in transmitter tower subsidiary

June 2, 2017 09.36 Europe/London By Jörn Krieger

German telco Deutsche Telekom wants to sell 49% of the shares in its transmitter tower subsidiary Deutsche Funkturm in the next months.

The sale process is to be completed by the end of 2017, reports German business magazine Wirtschaftswoche with reference to corporate and bank sources.

Telekom wants to remain majority shareholder with a 51% stake. Several national and international investment groups have already indicated their interest, according to the magazine. Telekom estimates the value of its transmitter sites to amount to up to €5 billion. The telco didn’t want to comment on the sales plans.

With over 700 employees, Deutsche Funkturm operates and markets around 27,000 transmitter sites for mobile, point-to-point and broadcast networks.

In Switzerland, Telekom goes the other way and participates in a consortium which recently purchased the transmitter sites of local telco Sunrise.

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Filed Under: Distribution, Finance, Newsline, Telco, Terrestrial Tagged With: Deutsche Funkturm, Deutsche Telekom, sale, transmitter tower Edited: 2 June 2017 09:37

About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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