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How it started
History
In July 2019, the British Vodafone Group announced the creation of a new business unit that would include the Group's cell towers and masts. This move was part of the broader trend towards separating passive infrastructure and active network components in mobile networks. The infrastructure company was headquartered in Germany. Vantage Towers began operating in May 2020.
In 2020, Vodafone Group declared its intention to list its subsidiary on the stock exchange. The IPO took place in March 2021; approximately one-fifth of the shares were initially sold, with a total market value of €2.2 billion. The proceeds enabled the Vodafone Group to reduce its debt level. Concurrently, Vantage Towers obtained the requisite capital to facilitate its global expansion, for example in Greece.
In early 2022, preliminary indications emerged that a number of institutional investors were expressing interest in Vantage Towers. In December, the management board recommended that the acquisition offer from Oak Holdings be accepted. Oak Holdings is a joint venture of the Vodafone Group, GIP and KKR. Following the acquisition of more than 80% of Vantage Towers shares by Oak Holdings in November 2022, the company was delisted in May 2023. As of March 2025, Oak Holdings holds approximately 89.32% of Vantage Towers shares.
From Wikipedia’s article on Vantage Towers, shared under CC BY-SA 4.0.2