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Koninklijke KPN NV To Sell German Mobile Towers To American Tower Corporation-Reuters

Tuesday, 6 Nov 2012 05:58am EST 

Reuters reported that Koninklijke KPN NV is finalizing a deal to sell its German mobile phone towers to U.S. group American Tower Corporation for between EUR300 and EUR400 million ($384-$511 million), two sources familiar with the matter said. The deal, which could be sealed as early as next week, comes after lengthy talks with private equity firms EQT and KKR, French tower operator TDF Group and Antin Infrastructure Partners.