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.