KPN is reportedly in talks to sell its German mobile masts to American Tower and could be nearing a sales agreement worth USD 300-400 million, Bloomberg reported, citing people familiar with the matter. American Tower has won over Swedish private-equity company EQT Partners and the group of Antin Infrastructure Partners and TDF Group, the sources said. Final negotiations are ongoing and could still fall apart, with a deal potentially announced by next week. KPN declined to comment and officials at American Tower, EQT and Antin Infrastructure did not immediately return calls for comment. KPN, which has been selling mobile towers since 2008, agreed last week to sell part of its Dutch mobile towers to Indonesia's Protelindo as it tries to strengthen its balance sheet.
