Vantage Towers will be the second largest European towers operator with 68k tower sites in nine countries in Europe, once the company becomes independent through and initial public offering (IPO) in early 2021. Specifically, these countries include Germany, Italy, Spain, Greece, Czech Republic, Portugal, Romania, Hungary, and Ireland. The company is either the #1 or #2 tower operator in eight out of the nine European countries that it operates in.
Vantage Towers is currently a 100%-owned subsidiary of Vodafone Group (LON: VOD). The company is being spun-off into a separately publicly-traded company through an IPO in early 2021. In terms of leadership, Vantage Towers will be led by Vivek Badrinath, as Chief Executive Officer and Thomas Reisten, as Chief Financial Officer.