Deutsche Telekom and Cellnex agree to combine tower business in the Netherlands

  • Creation of the leading independent telecommunications tower company in the Netherlands
  • Deutsche Telekom transfers its Dutch tower business T-Mobile Infra as anchor investment to newly established and independently managed Digital Infrastructure Vehicle II (DIV II) 
  • Deutsche Telekom receives EUR 250 million cash payment
  • DIV II contributes T-Mobile Infra to Cellnex NL and in return receives 38 percent stake in merged tower company – Cellnex holds remaining 62 percent
  • Cellnex commits EUR 200 million of capital to DIV and Deutsche Telekom to receive a limited partner stake in DIV of EUR 400 million
  • DIV II focuses on investments in fiber, towers and data centers in Europe

Detailed information can be found in the press releases of Deutsche Telekom and Cellnex: