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Cellnex withdraws offer for Deutsche Telekom's $18 bln towers unit

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Cellnex withdraws offer for Deutsche Telekom's $18 bln towers unit

Spain's Cellnex said on Wednesday it was withdrawing its offer for a stake in Deutsche Telekom's towers business, paving the way for a competing bid from a consortium led by KKR to secure the estimated 18 billion euro ($18.02 billion) deal.

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Cellnex withdraws offer for Deutsche Telekom's $18 bln towers unit

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Cellnex withdraws offer for Deutsche Telekom's $18 bln towers unit

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