BAM.A:CC - KKR consortium leads bidding for control of $20B Deutsche Telekom Wireless tower unit - Bloomberg report

• A consortium backed by KKR ( NYSE: KKR ) is emerging as the frontrunner to buy a controlling stake in the towers unit of Deutsche Telekoms's ( OTCQX:DTEGY ), according to Bloomberg's report .
• The unit could be valued at around $20B in any deal, the people said.
• KKR, GIP and Stonepeak has jointly made a binding offer for a controlling stake in the unit, Bloomberg reported last month .
• Their bid is seen as more attractive than a rival proposal from Brookfield Asset Management ( BAM ) and Spain's Cellnex Telecom, the sources added.
• While negotiations are at an advanced stage, no final decisions have been made and the talks could still fall apart, the people said.
• Deutsche Telekom could still decide to retain the asset or other bidders could emerge, the people said.
• A move to take control of DT's towers would be one of the largest infrastructure deals in Europe this year, according to data compiled by Bloomberg.
• Vodafone Group Plc’s listed infrastructure arm Vantage Towers AG was also among suitors studying the business earlier, Bloomberg News has reported.
• A spokesperson for Vodafone said, that the company is exploring its own options to achieve the objectives set out for its tower business in May.

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