--Deutsche Telekom has selected a surprise joint bid by Brookfield and Florida-based Digital Bridge for the sale of its towers business, German business daily Handelsblatt reports, citing unnamed sources.

--The bidders are expected to acquire a majority stake, Handelsblatt says, citing the sources.

--The news comes after Spain's Cellnex said Wednesday that it had pulled out of the running.

Full story in German:

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

July 13, 2022 11:29 ET (15:29 GMT)

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