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Legal & General starts the next £600 million of its share buyback

Legal & General ($LGEN) began the second tranche of its previously announced £1.2 billion share-repurchase program. The new phase authorizes spending of up to £600 million and follows completion of the first tranche. Repurchased shares will be canceled, reducing the company’s outstanding share capital rather than being retained for future employee awards or other uses. J.P. Morgan Securities will execute purchases independently under a non-discretionary agreement and preset parameters. The tranc

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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 net

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