InfraRed Capital Partners has agreed to acquire Proximus Luxembourg Infrastructure (PLI), the first independent tower company in Luxembourg, for €108 million ($114 million).
PLI owns and manages 267 mobile tower assets, with an even distribution between ground-based and building rooftop structures. The company supports Proximus Luxembourg’s mobile operations, conducted under the Tango and Proximus NXT brands.
Proximus Group is a provider of digital services and communication solutions operating in the Benelux as well as global markets.
InfraRed said it plans to support the further growth of PLI as the leading independent telecommunications infrastructure business in Luxembourg. The company’s experienced management team will leverage their deep understanding of the Luxembourg market to grow the tower portfolio further in response to customer requirements and evolving demands.
The firm is making the acquisition in PLI via its InfraRed European Infrast
