Brookfield, DigitalBridge Team Up for German Tower Bid

Brookfield Asset Management Inc. has teamed up with DigitalBridge Group Inc. on a last-minute bid for a stake in Deutsche Telekom AG’s tower business, people with knowledge of the matter said.

The Canadian investment giant tied up with DigitalBridge after its previous partner, Cellnex Telecom SA, dropped out of the race, according to the people. The new duo is seen as the current favorite to win the bidding, though no final decisions have been made, the people said.