Digital Colony (NYSE: CLNY) yesterday announced that its portfolio company, Highline do Brasil, an infrastructure solutions provider for the telecommunications industry, has signed a definitive agreement to acquire Phoenix Tower do Brasil (PTB) from funds managed by Blackstone Tactical Opportunities. This acquisition will add 2,500 new sites to Highline’s portfolio of digital communication infrastructure assets and increase its portfolio to more than 3,200 sites.
PTB is one of Brazil’s largest independent telecommunications infrastructure providers with an inventory of small cell and distributed antenna systems throughout the country.
“We are excited about Highline’s progression in one of the fastest-growing and most dynamic telecommunications markets in the region,” said Steven Sonnenstein, Managing Director at Digital Colony. “There are significant digital infrastructure investment opportunities in Brazil, and this acquisition will augment Highline’s ability to meet the increasing need for telecom infrastructure as our wireless carrier partners continue to densify their networks to keep up with the rapid growth in data consumption.”
“These are exceptionally high-quality assets in strategic locations that will allow us to offer an even more compelling value proposition for carriers as they look for a preferred partner that can deliver a full suite of solutions and support their growth,” said Fernando Viotti, CEO at Highline. “The combined portfolio will give Highline an enhanced footprint in the region, and we are eager to continue to help operators densify their 4G networks and realize the benefits of 5G in Brazil.”
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