Bloomberg News

KPN May Sell German Cell Towers to Fund Network, Spiegel Reports

May 06, 2012

Royal KPN NV (KPN)’s German E-Plus division wants to sell thousands of cell towers in the country to a financial investor to fund the expansion of its network, Der Spiegel reported, without saying where it got the information.

The company held initial talks with potential buyers in recent weeks and would lease the towers back after a sale, the Hamburg-based news magazine said in an e-mailed summary of an article.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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