Cellnex rises around 4% before the next resolution of the sale of Deutsche Telekom towers

MADRID, 5 Jul. (EUROPA PRESS) -

Cellnex shares have soared 4% on the stock market, leading the rises of the Ibex 35, after it transpires that Deutsche Telekom will resolve the sale of its towers this week.

According to Bloomberg, the German operator has not made any decision yet, but Cellnex's offer with asset manager Brookfield rivals a consortium led by KKR in which GIP and Stonepeak are also present.

According to the publication, the second offer would have a slight advantage and the German company would not consider accepting any agreement valued at less than 20,000 million dollars (19,408 million euros), somewhat more than expected at the beginning of the bid.

For Cellnex, the purchase of a controlling stake in the tower business of the German operator would mean entering the last major European market in which it is not present.

The titles of the telecommunications tower company rose 3.56% at 11:06 a.m. to 38.54 euros, although at some times during the session the shares have come to trade with increases above 4.2% .