Gleiss Lutz, Freshfields Bruckhaus Deringer, Allen & Overy, Morgan Lewis & Bockius and Cuatrecasas are leading as telecoms giant Deutsche Telekom embarks on a €10.7 billion mobile communications infrastructure deal.
Gleiss advises the European telecommunications giant on the sale of its GD Towers business to Canadian asset manager Brookfield and US infrastructure investment firm DigitalBridge. The operation, which values the whole at 17.5 billion euros, should bring in around 10.7 billion euros.
The deal involves a tender process for the sale of a 51% majority stake in its GD Towers business, with Deutsche Telekom retaining 49% of the shares and “significant minority rights”, according to the company’s statement. company.
The Gleiss team includes partners Dr. Ralf Morshäuser, Dr. Jan Balssen (both Munich, M&A), Dr. Christian Cascante (Frankfurt, M&A), Steffen Carl (Munich, corporate, co-head), Dr. Johann Wagner (tax, Hamburg), Dr Adrian Bingel (Stuttgart, corporate) and counsel Dr Tobias Falkner (Munich, M&A).
An internal Deutsche Telekom team also worked on the deal, led by Dr Axel Lützner (Legal M&A).
Advisor to Deutsche Telekom, Gleiss Lutz has worked with Cuatrecasas partners Pere Kirchner, Gerard Correig, Dr. Kai Christian Fischer) and Schönherr partners Sascha Hödl, Maximilian Lang.
Morgan, Lewis & Bockius and Allen & Overy advised DigitalBridge. A&O’s cross-border team consisted of a London team led by London partners Sara Pickersgill, Andrew Kenning and Ed Moser and a team in Germany led by partners Christian Hilmes, Nicholas Ascherfeld and Hendrik Roehricht. Morgan Lewis’ team was led by partners David Brenneman, Michael Masling and Ulises Pin.
Finally, Brookfield was advised by Freshfields, led by partner Natascha Doll (Hamburg), and Weil, Gotshal & Manges as antitrust counsel, led by partners Jeff White, (Washington) and Niklas Maydell (Brussels), according to people familiar with the deal.
“The combination of Deutsche Telekom’s mobile network and market position, alongside one of the world’s largest real-asset managers at Brookfield, combined with DigitalBridge’s digital infrastructure domain expertise, creates a team of unparalleled capabilities to support GD Towers as it grows to meet the evolving network demands of businesses and consumers across Europe,” said Marc Ganzi, CEO of DigitalBridge, in a press release.