Deutsche Telekom Sells Towers to Brookfield, DigitalBridge

Deutsche Telekom AG agreed to sell a majority stake in its towers unit in a deal that values the business at 17.5 billion euros ($17.5 billion), one of the largest digital infrastructure deals this year.

Investors Brookfield Asset Management Inc. and DigitalBridge Group Inc. acquired the 51% stake in Deutsche Telekom’s German and Austrian business, GD Towers, for 10.7 billion euros in cash.