Cellnex backs away from Deutsche Telekom towers deal

Cellnex Telecom has pulled out of the race to acquire a stake in Deutsche Telekom’s towers portfolio, leaving the way open for KKR to ink a deal.
Six weeks ago the Spain-based passive infrastructure specialist confirmed media reports that it was involved in the preliminary phase of Deutsche Telekom’s towers sale. Back then it was one of a number of parties lining up for a piece of the action, but possible buyers appear to have now dwindled to just one.
Cellnex was reportedly working