- Vodafone ( NASDAQ: VOD ) is approaching a new phase in its stake sale for a FibreCo special purpose vehicle in Germany, TMT Finance reports.
- The first round of bids were submitted earlier this month, and binding offers are expected in September. So far, the sales process has drawn a bid from KKR, according to the report - and Brookfield Asset Management, Deutsche Glasfaser and Antin Infrastructure Partners may be involved as well.
- The special purpose vehicle is planned to include some of Vodafone Germany's cable infrastructure as well as some greenfield fiber-to-the-home networks for housing associations.
- The process could value the whole SPV at up to €6.5B; Vodafone is reportedly looking for an equity investment of €2B.
For further details see:
Vodafone nears second round of bids for German fiber deal - report