Vodafone’s towers arm plans biggest European IPO of 2021 so far
By
Biju Kumar
Vantage Towers, the mobile masts company spun out of Vodafone Group, plans to float in Frankfurt by the end of March in a deal that could value it at up to 18 billion euros ($22 billion), making it Europe’s largest listing so far this year.
Duesseldorf, Germany-headquartered Vantage operates 82,000 towers across 10 countries, where it is usually the leading or second largest supplier. Germany is its largest market.