DigitalBridge and Brookfield Infrastructure to Acquire 51% of GD Towers

July 14, 2022

DigitalBridge Group (NYSE: DBRG) and funds affiliated with its investment management arm, together with Brookfield Infrastructure and its institutional partners, have agreed to acquire a 51% ownership stake in GD Towers, the mobile telecommunications tower business of Deutsche Telekom AG. The transaction values GD Towers at €17.5 billion (including assumption of net debt) and is expected to close in late 2022, subject to regulatory approvals. Deutsche Telekom will retain a 49% minority stake after the deal closes.

Buyers
DigitalBridge Group, Inc., Brookfield Infrastructure, Brookfield Infrastructure institutional partners
Targets
GD Towers
Sellers
Deutsche Telekom AG
Industry
Infrastructure
Location
Germany
Transaction Type
Buyout

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