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KKR Vies With Cellnex for $14 Billion Vodafone Tower Arm

  • Consortium is vying with Cellnex-GIC group for Vantage stake
  • Vodafone could pick winning bidder for Vantage in coming weeks
Updated on

KKR & Co. is seen as the party to beat as it competes with Cellnex Telecom SA in the final race for a stake in Vodafone Group Plc’s towers unit, people with knowledge of the matter said. 

The private equity firm, which has teamed up with Global Infrastructure Partners, is in pole position as Vodafone evaluates the binding offers it received last week for a stake in Frankfurt-listed Vantage Towers AG, the people said.