Vodafone’s Vantage Towers unit runs over 80,000 masts from Ireland to Greece
(Picture: REUTERS)Vodafone is selling part of its stake in Vantage Towers in a deal worth up to €7 billion (£6 billion) to the FTSE 100 company, offering a rare bright spot for bankers in a lean year for mergers and acquisitions.
It will set up a joint venture with new private equity investors, KKR and GIP, to cover the the European mobile phone infrastructure company. Vodafone currently owns almost 82% of the firm, which runs over 80,000 masts in 10 countries connecting people across the continent, from Ireland to Greece.
