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Digitalbridge To Acquire Majority Stake In Gd Towers In Partnership With Brookfield

Jul 14, 2022•over 3 years ago

Acquiring Company

DigitalBridge Group

Acquired Company

GD Towers

Boca RatonFinancial Services

Description

DigitalBridge Group, Inc. (NYSE: DBRG) today announced that funds affiliated with its investment management arm (collectively, “DigitalBridge”) together with Brookfield Infrastructure (NYSE: BIP, TSX: BIP.UN) and its institutional partners (collectively, “Brookfield”) have reached an agreement to acquire a 51% ownership stake in GD Towers. The transaction values GD Towers, the mobile telecommunications tower business of Deutsche Telekom AG (XETR: DTE), at €17.5 billion, or $17.5 billion1, on a consolidated basis, including the assumption of net debt.

Company Information

Company

DigitalBridge Group

Location

760 Park of Commerce Dr

Boca Raton, Montana, United States

About

DigitalBridge (NYSE: DBRG) is a leading global digital infrastructure firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $50 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, and Singapore. For more information, visit: www.digitalbridge.com.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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