European telecoms move to sell radio towers: some carriers don't see them as core business and want to cut costs

Article Abstract:

Wind Telecomunicazioni S.p.A. and 3 Italia have agreed to sell the two firms' combined towers units, a deal that could garner 2 bil euro, or $2.72 bil. German firm Deutsche Telekom AG also plans to sell its tower-broadcasting business unit T-Systems, which could bring about 1 bil euro. All three companies have cited cost reductions as a primary reason for the sales.

Facilities & equipment, Italy, Germany, Buildings and facilities, Deutsche Telekom AG, Wind Telecomunicazioni S.p.A., 3 Italia

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Apax, Texas Pacific agree to buy 80% stake in Greek telecom firm

Article Abstract:

TIM Hellas Telecommunication S.A. of Greece is to be acquired by Apax Partners Worldwide L.L.P. of Britain and Texas Pacific Group of the United States for about $1.4 billion. This deal is part of a wave of telecommunications mergers and acquisitions across the European Union.

United Kingdom, United States, Greece, Financial management, Investment Offices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Finance, Texas Pacific Group, Company financing

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