Noerr advises Deutsche Telekom on key aspect of sale of tower division

Noerr advised Deutsche Telekom on a key aspect of the sale of the radio tower division. As part of the sale of the division, Deutsche Telekom concluded a long-term master agreement with the operating company of the radio tower division for the provision of initially more than 34,000 mobile radio sites, on which Noerr advised extensively.

The framework agreement ensures that Telekom will continue to have unrestricted access to the passive infrastructure for 30 years. Among other things, the framework agreement provides Telekom with guaranteed access to strategically critical sites ("golden sites"), preferential access to free site capacity for future network upgrades, industry-leading service levels and buy-back rights. The master agreement also encompasses, contractual agreements for around 5,000 new sites by 2026 and prioritized capacity for network modernization by 2028.

The new master agreement accounts for the major part of the pro forma revenue of the German and Austrian radio tower business, which currently amounts to approximately EUR 1.1 billion. As a major value-creating factor for the radio tower business, this master agreement has been negotiated up to the last minute.

Advisors to Deutsche Telekom AG:  Noerr Partnerschaftsgesellschaft mbB

Joint lead: Jens Liese (partner, Corporate / M&A, Dusseldorf), Tobias Frevert, Tobias Bosch (both partners: Telecommunication, Berlin)

Telecommunication
Julian von Lucius (associated partner), Theresa Sophie Huber (associate, Berlin)

Corporate/M&A
Maurice Séché (partner, Dusseldorf, Claudia Rinkens (associate, Dusseldorf), Ira Tsoures (senior associate, Berlin)

Regulatory & Governmental Affairs
Bärbel Sachs (partner, Berlin)

Real Estate Investment Group
Gregor Barbers (partner), Raphael Hebecker (associate, Dusseldorf)

Antritrust
Till Steinvorth (partner, Hamburg)

Litigation
Jennifer Bryant (partner, Dusseldorf)

Tax
Susanne Carolin Sopart (senior associate, Munich)

Inhouse: Christoph von Damm, Holger Schubert, Tobias Nürnberg