Deutsche Telekom and Cellnex agree to combine tower business in the Netherlands

• Creation of the leading independent telecommunications tower company in the Netherlands
• Deutsche Telekom transfers its Dutch tower business T-Mobile Infra as anchor investment to newly established and independently managed Digital Infrastructure Vehicle II (DIV II)
• Deutsche Telekom receives EUR 250 million cash payment
• DIV II contributes T-Mobile Infra to Cellnex NL and in return receives 38 percent stake in merged tower company – Cellnex holds remaining 62 percent
• Cellnex commits EUR 200 million of capital to DIV and Deutsche Telekom to receive a limited partner stake in DIV of EUR 400 million
• DIV II focuses on investments in fiber, towers and data centers in Europe

Detailed information can be found in the press releases of Deutsche Telekom and Cellnex:

www.telekom.com/en/media/media-information/archive/combine-tower-business-in-the-netherlands-616306

www.cellnextelecom.com/en/cellnex-integrates-3150-sites-in-the-netherlands/

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