Stonepeak to Acquire TeleTower From Bitė Group (Providence Portfolio Company)
December 23, 2025
Stonepeak agreed to acquire TeleTower, Bitė Group’s towers business in Lithuania and Latvia. The transaction is expected to close in Q2 2026 and is intended to create the first fully independent tower company in the Baltics, supported by a long-term commercial partnership with Bitė for further tower rollouts and 5G expansion.
- Buyers
- Stonepeak
- Targets
- TeleTower
- Industry
- Infrastructure
- Location
- Lithuania
- Transaction Type
- Buyout
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