KPN and ABP form tower company amid rising data demand

KPN and Dutch pension fund ABP have entered into an agreement to form a new tower company, known as TowerCo. This partnership aligns with KPN's ‘Connect, Activate & Grow’ strategy, aiming to optimise the value of its passive infrastructure assets while maintaining strategic flexibility.

The agreement comes in response to the surging consumption of data and the deployment of new technologies. With the growing demand for network expansion and densification, KPN recognises...

5 June 2024 | 5G

VMO2 selling its towers biz stake could net it over £1B

Virgin Media O2 (VMO2) has begun the process of offloading at least 50 percent of its stake in Cornerstone, the UK’s largest telecoms towers company.

The sale of its entire stake could raise more than £1.5 billion if successful, with the total value of Cornerstone estimated to be around £3 billion.

The sale has been sent to potential bidders and VMO2 has appointed Goldman Sachs and JPMorgan to oversee the process. If the stake sale goes ahead, VMO2 will use the cash...

21 April 2023 | Networks