Brookfield Asset Management Inc. is in talks about teaming up with Cellnex Telecom SA on a bid for Deutsche Telekom AG’s towers unit, people with knowledge of the matter said.
The Canadian investment firm is discussing a potential joint offer with Cellnex, the people said, asking not to be identified because the information is private. Any deal could value the towers business at about 20 billion euros (US$21.4 billion) including debt, according to the people.
Stonepeak and DigitalBridge Group Inc. are among investment firms that have been evaluating the business, the people said. Some of the funds may ultimately team up given the size of the potential transaction, the people said.
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