Brookfield said Thursday its Brookfield Infrastructure Partners LP is partnering 50/50 with DigitalBridge, a U.S.-based investor, to buy a 51-per-cent interest in Deutsche Telekom’s cellphone-tower assets in Germany and Austria.Fred Lum/The Globe and Mail
Brookfield Asset Management BAM-A-T, much like Canadian pension funds, is betting heavily on telecom infrastructure by co-investing in one of the largest ever purchases of cellphone towers, lured by the steady revenue streams from these assets.
Brookfield said Thursday its Brookfield Infrastructure Partners LP is partnering 50/50 with DigitalBridge, a U.S.-based investor, to buy a 51-per-cent interest in Deutsche Telekom’s cellphone-tower assets in Germany and Austria. The two companies will pay €10.7-billion for the stake.
Deutsche Telekom will keep 49 per cent of the business, known as GD Towers. Unloading its majority stake…
