KKR Vies With Cellnex for $14 Billion Vodafone Tower Arm

KKR & Co. is seen as the party to beat as it competes with Cellnex Telecom SA in the final race for a stake in Vodafone Group Plc’s towers unit, people with knowledge of the matter said.

The private equity firm, which has teamed up with Global Infrastructure Partners, is in pole position as Vodafone evaluates the binding offers it received last week for a stake in Frankfurt-listed Vantage Towers AG, the people said. Cellnex is bidding together with Singapore sovereign wealth fund GIC Pte, the people said, asking not to be identified because the information is private.