DigitalBridge Acquires Sýn and Nova Tower Portfolios to Establish ÍslandsTurnar

December 14, 2021

Funds affiliated with DigitalBridge Investment Management have acquired the telecom tower portfolios of Icelandic mobile operators Sýn hf. and Nova hf., creating ÍslandsTurnar, the first independent tower company of scale in Iceland. Sýn and Nova will be long-term dual-anchor tenants on the new company's towers as ÍslandsTurnar supports their 5G deployment plans.

Buyers
DigitalBridge (funds affiliated with DigitalBridge Investment Management)
Targets
ÍslandsTurnar
Sellers
Sýn hf., Nova hf.
Location
Iceland
Transaction Type
Buyout

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