Top Qs
Timeline
Chat
Perspective
Vantage Towers
European infrastructure company From Wikipedia, the free encyclopedia
Remove ads
Vantage Towers is a European infrastructure company headquartered in Düsseldorf, Germany. The company is involved in the construction, management, and leasing of towers, antenna masts, and other facilities to mobile network operators.[2]
.png){kind=logo}
Previously, Vantage Towers was a subsidiary of the British telecommunications company Vodafone Group and was listed on the stock exchange from 2021 to 2023.[3] In terms of sites and turnover, Vantage Towers is among the largest infrastructure companies in Europe.
Remove ads
History
Summarize
Perspective
In July 2019, the British Vodafone Group announced the creation of a new business unit that would include the Group's cell towers and masts.[4] This move was part of the broader trend towards separating passive infrastructure and active network components in mobile networks.[5] The infrastructure company was headquartered in Germany. Vantage Towers began operating in May 2020.[6]
In 2020, Vodafone Group declared its intention to list its subsidiary on the stock exchange.[7] The IPO took place in March 2021; approximately one-fifth of the shares were initially sold, with a total market value of €2.2 billion.[8] The proceeds enabled the Vodafone Group to reduce its debt level.[9] Concurrently, Vantage Towers obtained the requisite capital to facilitate its global expansion, for example in Greece.[10]
In early 2022, preliminary indications emerged that a number of institutional investors were expressing interest in Vantage Towers.[11] In December, the management board recommended that the acquisition offer from Oak Holdings be accepted.[12] Oak Holdings is a joint venture of the Vodafone Group, GIP and KKR. Following the acquisition of more than 80% of Vantage Towers shares by Oak Holdings in November 2022, the company was delisted in May 2023.[13]
Remove ads
Business activities
Vantage Towers currently operates 84,600 sites in ten European countries (as of January 2024).[14] The largest markets are those of Germany, Spain and Greece. Vantage Towers holds shares in INWIT (Italy) and Cornerstone (UK), yet exerts no operational influence in these entities.[15]
The company's principal objective is to construct, operate and subsequently lease passive network infrastructure for mobile communications.[16] This includes ground-based tower sites (GBT) and rooftop tower sites (RTT), as well as so-called smart cells for tunnels, larger buildings, and other environments.[17] The company provides additional services, from site operation to maintenance.
Vantage Towers leases its infrastructure to telecommunications companies, energy suppliers and IoT providers. As part of this business model, competitors usually are sharing sites. In most markets, the company's customers includes all of the country's major mobile network operators.[18] Accordingly, the company characterizes itself as a neutral host.[19]
Remove ads
Notes and references
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads