Is KKR Building What Europe's Phone Giants Never Could?
As our appetite for data booms, private equity firms are betting on the cell towers and cable infrastructure to support it. For years, Europe's carriers have struggled to consolidate across the continent in the same way as their U.S. counterparts. KKR already owns a 40 percent stake in Telxius Telecom SA, an operator in Germany and Spain that was spun out of Telefonica SA last year.