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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Deutsche Telekom AG | TG:DTE | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.07 | -0.32% | 21.63 | 21.63 | 21.68 | 21.81 | 21.59 | 21.68 | 328,859 | 20:58:12 |
From May 2022 to May 2024
By Ed Frankl
Shares in Spain's Cellnex Telecom SA rose on Tuesday after a report that it had dropped out of bidding for Deutsche Telekom AG's towers business.
Shares in Cellnex were up 5.2% to EUR41.18 at 1510 GMT.
The German telco company is in talks to sell a majority stake in the towers business worth around 18 billion euros ($18.08 billion) to a consortium made up of KKR & Co., Stonepeak Infrastructure Partners LP and Global Infrastructure Partners LLC, financial daily Handelsblatt reported late Monday, citing unnamed sources.
Cellnex had offered Deutsche Telekom a stake in itself, but the KKR-led offer was said to be financially superior to Cellnex's, according to Handelsblatt.
Write to Ed Frankl at edward.frankl@dowjones.com
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(END) Dow Jones Newswires
July 12, 2022 11:47 ET (15:47 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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