DigitalBridge Leads $1B+ European Tower Platform Deal with L&G and TD
DBRG sits 78% above its 52-week low of $8.94.
Summary
DigitalBridge, alongside L&G and TD Asset Management, is acquiring VodafoneZiggo's passive mobile tower infrastructure and merging it with its existing Belgium Tower Partners platform. The combined entity will operate over 6,600 sites across Belgium and the Netherlands, anchored by VodafoneZiggo and Telenet. This deal significantly expands DigitalBridge's European tower footprint and creates a scaled neutral-host platform positioned for 5G densification. The transaction is expected to close in early 2027, subject to regulatory approvals. This follows DigitalBridge's recent acquisition of Australian smart metering platform PLUS ES, underscoring its aggressive digital infrastructure expansion strategy.
At the time of this announcement, DBRG was trading at $15.93 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3B. The 52-week trading range was $8.94 to $15.98. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.