Deutsche Telekom enters partnership with DigitalBridge and Brookfield for GD Towers

• Sale of 51 percent stake in GD Towers at 17.5 billion euros enterprise value
• DigitalBridge and Brookfield to bring both towers expertise and capital to evolve and accelerate GD Towers strategic plans for enhanced value creation
• Deutsche Telekom to retain 49 percent stake in GD Towers with significant minority protection rights, maintaining sizeable exposure to future value upside in this attractive telecom infrastructure asset class
• Favorable Master Lease Agreement (MLA) and joint governance set-up enables to continue mobile network leadership of anchor tenants Telekom Deutschland and Magenta Austria 
• Estimated cash proceeds of 10.7 billion euros to be used for deleveraging at Deutsche Telekom Group level and acceleration of path towards 50.1 percent targeted stake in T-Mobile US 
• Transaction expected to close towards end of 2022

Full press release