Tele2 and Global Communications Infrastructure establish Baltic Tower Company JV
Type: Partnership · Technology: Telecom · Country: Lithuania · Announced: 2026-03-11
Tele2 divested its Baltic passive infrastructure assets, comprising approximately 4,800 telecom towers and rooftop sites across Estonia, Latvia, and Lithuania, into a new joint venture. Global Communications Infrastructure (.
Analysis
DigitalBridge's Global Communications Infrastructure (GCI), managing approximately $80 billion in assets, has partnered with Swedish telco Tele2 to establish Baltic Tower Company UAB, a joint venture encompassing 2,700 tower and rooftop sites across Estonia, Latvia, and Lithuania. This partnership enables Tele2 to monetize its passive infrastructure while securing critical long-term access as the anchor tenant under a 20-year Master Service Agreement. The Vilnius-based JV, a subsidiary of Cellnex Telecom, will operate these sites, providing infrastructure services. This deal provides GCI a substantial entry into the Baltic telecom infrastructure market, leveraging Tele2's existing footprint.
Key points
- Global Communications Infrastructure (GCI) is managed by DigitalBridge, an alternative asset manager with approximately $80 billion in assets under management.
- The joint venture, Baltic Tower Company UAB, includes approximately 2,700 tower and rooftop sites across Estonia, Latvia, and Lithuania.
- Tele2 will serve as the anchor tenant under a 20-year Master Service Agreement.
- Baltic Tower Company UAB, the developer, is a subsidiary of Cellnex Telecom.
Counterparties
- Global Communications Infrastructure (Partner)
- Baltic Tower Company UAB (Developer)
- Tele2 (Partner)