No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Home PRIVATE DEBT

Tele2 carves out Baltic-focused tower JV

dcdby dcd
August 6, 2025
Reading Time: 4 mins read
in PRIVATE DEBT, SCANDINAVIA&BALTICS
Share on FacebookShare on Twitter

European telco Tele2 has announced it will carve out its telecom infrastructure assets to create the first tower company to cover the Baltic region.

Swedish telco Tele2 has entered into a 50/50 JV with Global Communications Infrastructure LLC (GCI), a company backed by Manulife Investment Management, to establish the tower business.



Towers

– Getty Images

Tele2’s announcement comes a few months after reports suggested the company was looking to spin off its tower assets.

According to Tele2, the agreement values the tower company at €560 million ($650m) on a debt-free basis.

Tele2 said it expects cash proceeds of around €440m ($510m) from its decision to spin off its tower assets.

The carrier stated that the JV will help the company unlock value in its mobile telecom infrastructure, while enabling continued growth and the rollout of mobile and 5G services in the region.

The towers will span the three Baltic countries: Estonia, Latvia, and Lithuania. Tele2 confirmed the unit will be based in Lithuania.

In total, the JV covers around 2,700 tower and rooftop sites across the three countries.

Following the transaction, Tele2 will be the anchor tenant under a 20-year Master Service Agreement (MSA), ensuring long-term and secure access to critical infrastructure.

“We want to develop our tower assets together with a partner who brings both capital and expertise. This is a way for us to create additional value from the assets we have, together with an experienced partner who knows this business well,” says Jean Marc Harion, president and CEO of Tele2.

Over the course of the next decade, as part of a 10-year investment plan, more sites will be built across the region, added Tele2.

Tele2 said it expects to finalize the spin-off by early next year.

More in Investment / M&A / Financing

  • AA-Soben-2025DCTrends-pg1

    Data center trends 2025: Power, AI, and progress

  • Oracle plane

    03 Jul 2025

    OpenAI confirmed to be behind $30bn-a-year Oracle cloud deal, 4.5GW expected across multiple data center sites

  • Investment & Markets  SITE THUMBNAIL (1)

    Episode
    The data center energy challenge – What’s the role of investment?

More in Carrier Networks

  • Latvia

    11 Feb 2025

    Latvia's Tele2 to retire 3G next month

  • VodafoneZiggo

    17 Mar 2025

    Liberty Global in discussions to acquire Vodafone's stake in Dutch JV – report

  • Subseacable 1024px-HAW-1_Submarine_Telephone_Cable_in_Hanauma_Bay_June_2021

    06 Jun 2025

    Telecoms and defense industry reiterate need for more secure subsea infrastructure

Read the orginal article: https://www.datacenterdynamics.com/en/news/tele2-carves-out-baltic-focused-tower-jv/

Gateways to Italy

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

GREEN

Flox raises nearly $1M seed

August 8, 2025
SCANDINAVIA&BALTICS

Latvian startup receives €3.3 million to advance organ-on-chip technologies

August 8, 2025
DACH

Danish BioTech developer SNIPR Biome raises €35 million to target antimicrobial resistance in diseases like cancer

August 8, 2025

ItaHub

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Italy’s SMEs export toward 260 bn euros in 2025

Italy’s SMEs export toward 260 bn euros in 2025

September 9, 2024
With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

April 23, 2024
EU’s AI Act, like previous rules on technology,  looks more defensive than investment-oriented

EU’s AI Act, like previous rules on technology, looks more defensive than investment-oriented

January 9, 2024

Co-sponsor

Premium

AlixPartners: Automotive, retail and manufacturing sectors may go through restructuring in 2025

AlixPartners: Automotive, retail and manufacturing sectors may go through restructuring in 2025

July 11, 2025
Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

March 6, 2025
Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

February 10, 2025
Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Next Post

Germany's Maincubes to develop first data center at Nauen campus outside Berlin

Liberty Global considers further spin offs as part of rejig - report

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart