KKR & Co is backing a consortium leading the race to acquire a stake in Deutsche Telekom’s wireless tower portfolio, according to a report by Bloomberg.
The report cites unnamed sources as revealing that KKR has teamed with Global Infrastructure Partners and Stonepeak to make an offer, which is reportedly being seen as more attractive than a rival bid from Brookfield Asset Management Inc and Spain’s Cellnex Telecom.
Deutsche Telekom will reportedly make a decision on the winning bid as soon as this week with any prospective deal thought to valued at around $20 billion,
Read more: Private Equity Wire
