Gleiss Lutz, Freshfields Bruckhaus Deringer, Allen & Overy, Morgan Lewis & Bockius and Cuatrecasas are leading as telecoms major Deutsche Telekom embarks on a €10.7 billion mobile communications infrastructure deal.

Gleiss is advising the European telecommunications giant on the sale of its GD Towers business to Canadian asset manager Brookfield and U.S. infrastructure investment firm DigitalBridge. The deal, which values the whole unit at €17.5 billion, is expected to raise around €10.7 billion.