Deutsche Telekom ‘Open for Industrial Partners’ for Towers

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.

IT World Canada Staff
IT World Canada Staff
The online resource for Canadian Information Technology professionals.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

ITW in your inbox

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

More Best of The Web