1&1:5G Infrastracture: Difference between revisions

Vantage Towers is Europe's largest tower company. It constructs, builds and rents out mobile towers or sites. Vantage Towers was formed in 2019 by Vodafone with the aim of using it to rent out its European mobile masts. It has operations in 10 markets in Europe and has around 82,000 sites.<ref>https://www.forex.com/en/market-analysis/latest-research/vantage-towers-ipo-background/</ref> In the year ended March 2022, it generated a profit of €251 million before tax and had gross assets of €10.5 billion.<ref>https://www.vodafone.com/news/corporate-and-financial/vodafone-enters-co-control-partnership-gip-and-kkr-vantage-towers</ref> Vantage Towers was IPOed in March 2021 at €12.1 billion euros valuation and an offer price of 24 euros. Its headquarters is in Düsseldorf, Germany. Vodafone has 81.7% stake in Vantage Towers. However, there is a joint venture deal that will see transfer of 40% of its stake to a Consortium by the first half of 2023. The deal will see Vantage Towers becomes less dependant on Vodafone, hence accelerating its growth potential.<ref>https://www.vodafone.com/news/corporate-and-financial/vodafone-enters-co-control-partnership-gip-and-kkr-vantage-towers</ref>