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2 Min Read FRANKFURT (Reuters) - Vodafone has priced shares in infrastructure unit Vantage Towers at 24 euros each, valuing the firm at 12.1 billion euros ($14.5 billion) in one of Europe’s largest initial public offerings this year, Vantage Towers said. Slideshow ( 3 images ) Vodafone is reaping as much as 2.3 billion euros from the deal, assuming that an overallotment option (greenshoe) is fully exercised at the final offer price, Vantage Towers added. Trading is slated to start in Frankfurt on Thursday. The British-based operator had set the initial price range for the flotation of Vantage Towers at 22.50 to 29 euros per share, before narrowing that to 24-25 euros this week. It had targeted proceeds of 2-2.8 billion euros. ....
2 Min Read FRANKFURT (Reuters) - Vodafone has priced shares in infrastructure unit Vantage Towers at 24 euros each, valuing the firm at 12.1 billion euros ($14.5 billion) in one of Europe’s largest initial public offerings this year, Vantage Towers said. Slideshow ( 3 images ) Vodafone is reaping as much as 2.3 billion euros from the deal, assuming that an overallotment option (greenshoe) is fully exercised at the final offer price, Vantage Towers added. Trading is slated to start in Frankfurt on Thursday. The British-based operator had set the initial price range for the flotation of Vantage Towers at 22.50 to 29 euros per share, before narrowing that to 24-25 euros this week. It had targeted proceeds of 2-2.8 billion euros. ....
Read more about Telecom tower firms buying assets across Europe as 5G rolls out on Business Standard. American Tower, which has nearly 200,000 towers globally, has a quarter of that number in Europe ....
By Reuters Staff 3 Min Read STOCKHOLM, March 3 (Reuters) - Telecom towers have become the target of several big deals as Spain’s Cellnex and U.S.-based American Tower Corp race to increase their European footprint, eyeing the roll-out of next-generation 5G technology. Cellnex’s rapid expansion will give the company more than 100,000 tower sites in its portfolio, compared with about 82,000 towers for Vantage, which was spun out of Vodafone Group . American Tower, which has nearly 200,000 towers globally, has a quarter of that number in Europe, and about 170,000 towers are still owned by mobile network operators. Here are some of the tower-related announcements since 2020: ....
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