Radius Global Infrastructure, a global aggregator of real property interests underlying wireless telecommunications cell sites and other digital infrastructure assets, has been acquired by the EQT Active Core Infrastructure Fund and Canada’s Public Sector Pension Investment Board (PSP Investments) for $3 billion.
Radius is a multinational owner of triple-net rental streams and real properties leased to wireless operators, wired operators, wireless tower companies and other digital infrastructure operators. As of June 30, Radius had interests in the revenue streams of some 9,662 assets that were situated on 7,412 different communications sites located throughout the United States and 20 other countries.
Under the terms of the merger agreement, which was approved by Radius stockholders at a special meeting held on June 15, stockholders will receive $15 in cash per share of Radius common stock. As a result of the acquisition, Radius is now privately held, and its common