Vodafone, the world's second biggest mobile operator, said on Friday it would list its towers unit, named Vantage Towers, in Frankfurt in early 2021.
It announced it would set up a European mast company worth upwards of 18 billion euros a year ago. The company, which has more than 68,000 mobile towers across nine European markets, became operational in May.
Vodafone also reported a 1.3% decline in first-quarter organic service revenue, which it said was mainly due to COVID-19 impacts. It reiterated its guidance for the year.