Deals
Deutsche Telekom Takes On 7,700 Telefonica German Mobile Towers
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Telefonica Deutschland Holding AG agreed to transfer 7,700 mobile-tower sites to Deutsche Telekom AG as it cuts back redundant infrastructure following the takeover of rival carrier E-Plus.
The transfer “realizes a part of the announced synergies” following the completion of the E-Plus acquisition last October, according to a statement Monday. Transfer of the sites, which are mostly roof-top, requires regulatory approval and no financial details were given in the statement.