Digital Colony buys Eco-Site, its Vertical Bridge investment arm, which will take Vertical Bridge’s tower portfolio to more than 20,000 sites and its entire portfolio to more than 290,000 locations in the United States and Puerto Rico.
Alex Gellman, CEO of Vertical Bridge, said: “Vertical Bridge and Eco-Site percentage shows a history of traditional construction, having jointly built more than 1,600 new towers in the last five years alone. This is the rate of any company on the marketplace and a testament to our collective capabilities.
Eco-Site co-founder Dale Carey, who will be the executive vice president of strategy and convergence for the expanded company, said: “The wireless industry is very different from what it was a few years ago and scale issues more than ever. the changing desires of our customers. “
The agreement comes hours after Brazilian company Digital Colony, Highline do Brasil, announced that it would buy Brazilian tower company Phoenix Tower do Brasil from current owner Blackstone.
This acquisition will load 2,500 new sites into Highline’s existing portfolio of 700 infrastructure assets, bringing the total to 3,200, making Highline one of Brazil’s largest private and mobile towers.
Meanwhile, Bloomberg reported that Digital Colony had formed a partnership with Suresh Sidhu, former CEO of Asian infrastructure company Edotco. Sidhu has established a Singapore-based operation, Edgepoint Infrastructure, which will invest in new and existing towers in the region.
Bloomberg said, mentioning an unidentified source: “Edgepoint can accumulate between 20,000 and 50,000 spins over the next five to seven years, with forward-looking capital commitments from Digital Colony and its partners of $1 billion or more. “
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