KKR-Backed Vantage Said to Weigh Sale of Towers in Spain
- The Germany-based tower firm has started sounding out bidders
- A sale of the towers in Spain could fetch about $1.1 billion
This article is for subscribers only.
Vantage Towers AG, an owner and operator of telecom towers backed by KKR & Co., is considering a sale of its assets in Spain, people with knowledge of the matter said.
The Duesseldorf, Germany-based company is working with Morgan Stanley to gauge interest from prospective buyers, said the people, who asked not to be identified as the information is private. A sale of the Spanish towers could fetch about €1 billion ($1.1 billion), the people said.