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U.S. Firms Steer Clear of Europe's Big Mobile Tower Sell-Off

  • Cash-strapped carriers to sell tens of thousands of towers
  • Hurdles to growth may deter the big independent players

European phone companies are selling their mobile masts and growth-hungry U.S. tower companies have money to spend -- it looks like a marriage made in heaven.

Instead, firms like American Tower Corp. and Crown Castle International Corp. are largely staying away, making it easier for Spain’s Cellnex Telecom SA and infrastructure funds managed by Macquarie Group Ltd., KKR & Co. and others to sweep up the region’s tower assets.