Global Infrastructure SherpaTele2 and Global Communications Infrastructure establish Baltic Tower Company JV
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 (.
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Counterparts (3)
Partner
Global Communications Infrastructure
Global Communications Infrastructure (GCI) represents the investment focus and portfolio managed by DigitalBridge, a global alternative asset manager with approximately $80 billion in assets under management. Headquartered in Boca Raton, USA, DigitalBridge focuses exclusively on digital infrastructure assets including data centers, cell towers, fiber networks, and small cells across North America, Europe, Latin America, and Asia Pacific.
Tele2
Tele2 is a leading telecommunications operator based in Stockholm, Sweden, with approximately 4,000 employees. It provides mobile, fixed broadband, TV, and IoT services primarily across Sweden and the Baltic states, focusing on 5G rollout and fiber expansion.
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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.
- 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.
Timeline
Announced
Mar 11, 2026
Signed
Closed
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