DigitalBridge enters Belgium via $820m Telenet tower deal

Belgium will become the newest member of the independent towerco crowd after Telenet struck a deal to offload its passive infrastructure.
The buyer is US-based real estate investment trust (REIT) DigitalBridge. It has agreed to pay $820 million for Telenet’s footprint of 3,322 sites, which includes 2,158 owned sites and 1,164 third-party sites. The deal comes with the usual long-term lease agreement between buyer and seller. In this case, Telenet has secured a 15-year master lease agreemen