Tele2 to Form Telco Tower Company in Baltics

Tele2 to spin off Baltic towers with GCI

News The new joint venture will own 2,700 sites in Estonia, Latvia, and Lithuania Today, Swedish telco group Tele2 has announced that it will spin off its Baltic tower assets, forming a joint venture with Global Communications Infrastructure (GCI). The newly formed business will include own 2,700 telecoms towers and rooftop sites across Estonia, Latvia, and Lithuania. The business will be split 50:50 between the two owners, with Tele2 to serve a…

Tele2 forges Baltics towerco joint venture

Tele2 added a fresh twist to a trend of operators spinning off tower assets into standalone companies, agreeing a partnership it believes is the first to cover all Baltic countries under one umbrella. The operator group agreed a 50:50 partnership with Global Communications Infrastructure (GCI), a specialist backed by established financial player Manulife Investment Management. The resulting tower company is valued at around €560 million on a deb…

Tele2 to form telco tower company in Baltics

Tele2, the Swedish multinational telco, has announced it will “carve out telecom infrastructure assets” and create the first tower company covering all Baltic countries, in a 50/50 partnership with Global Communications Infrastructure (GCI) which is backed by Manulife Investment Management. Tele 2 says the transaction will allow it “to unlock value in its mobile telecom […]