display
London (AP) - The British telecommunications group Vodafone wants to bring its European radio tower business to the stock exchange by the end of March.
"A significant minority stake" is to be placed on the Frankfurt Stock Exchange, the company announced in London.
The IPO is "an important milestone with which the basis for the next growth phase of our company in the dynamic radio tower industry will be created," said the head of the previous Vodafone subsidiary Vantage Towers, Vivek Badrinath.
It's about 82,000 radio towers and roof sites in 10 European countries, including Germany.
Network operators - including Vodafone - pay rent for their use.
The antennas come from the network operators themselves and not from Vantage Towers.
display
Competitors are also taking a similar route.
For example, Telefónica Deutschland sold its mobile network locations to Telxius last year.
Telefónica can use the money for the expensive expansion of its mobile network.
It is the same with Vodafone - the network for the new 5G mobile communications standard requires high investments.
Vodafone had already made its stock exchange plans for the European radio tower division public in 2019 and substantiated it last summer.
In view of the low interest rates, radio towers and mobile phone locations are considered an attractive investment for professional investors such as insurers and financial investors who are interested in a stable return on the location rents.
© dpa-infocom, dpa: 210224-99-570536 / 2