KKR and GIP completed the acquisition of an 81.7% stake in Vantage Towers from Vodafone in a $16.3bn deal.

KKR and Global Infrastructure Partners completed the acquisition of an 81.7% stake in Vantage Towers, a telecommunication infrastructure provider, from Vodafone, a telecommunications group, in a $16.3bn deal. "We’re delighted to join forces with Vodafone and KKR to invest in Vantage Towers, a high-quality European tower portfolio with strong upside potential. We are looking forward to capturing the exciting value-creating opportunities in the European telecoms infrastructure sector by advancing Vantage Towers’ strategy and supporting its capacity to build new sites. As strategic partners with Vodafone and KKR, we will bring our deep infrastructure expertise and resources to help the company deliver the best data connectivity for individuals and businesses and contribute to enabling Europe’s digital future in the interest of all stakeholders," Will Brilliant, GIP Partner and Head of Digital Infrastructure.