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KKR, GIP Jointly Bid for $21 Billion Deutsche Telekom Unit

  • Stonepeak teams with KKR and GIP for towers portfolio offer
  • KKR group competing against joint bid from Brookfield, Cellnex
Deutsche Telekom AG Store And Offices Ahead of Earnings
Photographer: Krisztian Bocsi/Bloomberg
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KKR & Co., Global Infrastructure Partners and Stonepeak Partners have jointly made a binding offer for a controlling stake in Deutsche Telekom AG’s 20 billion-euro ($21 billion) towers unit, people familiar with the matter said.

They’re competing with a consortium of Canadian investment firm Brookfield Asset Management Inc. and Spain’s Cellnex Telecom SA, which made a confirmatory bid for part of the Deutsche Telekom business, the people said, asking not to be identified because the information is private.