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DigitalBridge teams up with Brookfield to buy $17.5bn majority stake in GD Towers

The transaction values GD Towers, the mobile telecommunications tower business of Deutsche Telekom AG (XETR: DTE), at $17.5 billion.

By TTC Newsroom

2 Mins

July 14, 2022 | 12:36 PM BST

DigitalBridge Group, Inc. (NYSE: DBRG) has announced that funds affiliated with its investment management arm (collectively, “DigitalBridge”) together with Brookfield Infrastructure (NYSE: BIP, TSX: BIP.UN) and its institutional partners (collectively, “Brookfield”) have reached an agreement to acquire a 51% ownership stake in GD Towers.

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