Deutsche Telekom ‘Open for Industrial Partners’ for Towers

Share post:

Tim Hoettges, chief executive of Deutsche Telekom, said he was open to finding an industry partner for its tower infrastructure, days after Vodafone said it was considering partnerships for its recently-listed towers business.

Höttges said, however, that he wanted to retain a role in the decision-making process, particularly in influencing further mergers and acquisitions.

“Deconsolidation makes total sense to me – I always said a minority IPO path doesn’t make sense. Second, I prefer an industrial solution, but I always need two to tango,” Tim Hoettges told the Morgan Stanley European Technology, Media and Telecoms conference on Thursday.

Many telecommunications companies are keen to spin off the highly lucrative tower business by forming joint ventures with independent companies to tap into the potential for future growth.

For more information, you may view the original story from Reuters.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

Voyageur support team restores half-century old system functions billions of miles away

Nearly half a century after its launch, NASA’s Voyager 1 spacecraft continues to defy the vastness of interstellar...

Google leader gives a tough message to employees

Google's search chief, Prabhakar Raghavan, delivered a powerful message to employees at a recent all-hands meeting: the tech...

Silicon Valley tech founder sentenced to prison for fraud

In a significant shake-up in Silicon Valley, Manish Lachwani, co-founder and former CEO of the mobile app-testing company...

AI surpasses human benchmarks in most areas: Stanford report

Stanford University’s Institute for Human-Centered Artificial Intelligence (HAI) has published the seventh annual issue of its AI Index...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways