DigitalBridge and L&G back a 6,600-site European tower platform

Funds managed by DigitalBridge ($DBRG), Legal & General ($LGEN) and TD Asset Management agreed to acquire VodafoneZiggo’s passive mobile-tower infrastructure from Ziggo BV. The assets would be combined with Belgium Tower Partners, creating an independent platform with more than 6,600 sites across Belgium and the Netherlands. VodafoneZiggo and Telenet would be anchor customers alongside other mobile-network operators.

The partners intend to support continued 5G deployment, denser coverage and network expansion through infrastructure shared by multiple operators. For L&G’s Digital Infrastructure Fund, this would be its first tower acquisition. Financial terms were not disclosed, and completion is expected in early 2027 subject to regulatory approvals and other conditions. The transaction concerns tower assets acquired through investment funds, not a takeover of VodafoneZiggo’s entire telecom business.

Sources:

• DigitalBridge — tower acquisition agreement