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Transactions - DECEMBER 10, 2019

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Digital Colony enters Brazilian digital infra market with telecom company acquisition

by Kali Persall

Digital Colony Management, the digital infrastructure investment platform of Colony Capital, has acquired Highline do Brasil II Infraestrutura de Telecomunicações, an independent infrastructure solutions provider for the telecommunications industry, from Patria Investments for an undisclosed amount.

The transaction marks Digital Colony’s entrance into the Brazilian digital infrastructure market.

Highline operates a portfolio of wireless infrastructure assets spanning the major urban, suburban and rural areas of Brazil, according to Digital Colony. Founded in 2012 by Patria, the company services all of Brazil’s major mobile network operators (MNOs), including TIM, Vivo, Claro and Oi.

“As Brazilian MNOs increase their 4G coverage, seek to augment capacity in the country's dense urban areas and prepare their networks for 5G deployment, there is a significant opportunity for Highline to grow,” said Steven Sonnenstein, managing director at Digital Colony.

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