E-Plus mulls sale of mobile towers?

8 May 2012

E-Plus, the German wireless unit of Netherlands-based telecoms company KPN, is reportedly in early talks to sell a number of its mobile phone towers to financial investors, news agency Reuters reports, citing local weekly magazine Der Spiegel. The report states that as part of the deal, E-Plus would lease back the towers in a move that would raise funds for network expansion. TeleGeography’s GlobalComms Database states that with an active customer base of 20.67 million at the end of December 2011 (a market share of 18.4%), E-Plus is Germany’s third largest mobile network operator by subscribers, behind market leader Vodafone Germany (33.6%) and Deutsche Telekom’s Telekom Deutschland (31.6%), but slightly ahead of Spanish-owned Telefonica Germany (O2, 16.4%).

Germany, E-Plus Group