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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.28 | -1.29% | 21.47 | 21.43 | 21.50 | 21.77 | 21.45 | 21.75 | 241,687 | 22:50:02 |
From May 2022 to May 2024
By Mauro Orru
Cellnex Telecom SA said it has dropped out of talks to buy a stake in Deutsche Telekom AG's tower unit, putting an end to speculation that the Spanish company had made concessions to secure a share of the business in Germany and Austria.
Cellnex on Wednesday confirmed that it was no longer taking part in the process for the potential acquisition of a stake.
The Spanish wireless-telecommunications company's shares rose Tuesday after a report that it had dropped out.
German financial daily Handelsblatt recently reported that Deutsche Telekom was in talks to sell a majority stake in its tower business worth around 18 billion euros ($18.07 billion) to a consortium of KKR & Co., Stonepeak Infrastructure Partners LP and Global Infrastructure Partners LLC.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 13, 2022 02:48 ET (06:48 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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