Brookfield acquisition of Wireless Infrastructure Group creates new synergies
WIG receives a boost to its M&A potential and indoor networks business
On December 19, Wireless Infrastructure Group announced that Brookfield Infrastructure had reached a deal to acquire 3i Infrastructure’s shareholding in the company, becoming the towerco’s sole financial sponsor, in a £575mn transaction. With Brookfield Infrastructure one of the world’s largest infrastructure and real estate investors, the deal not only equips Wireless Infrastructure Group with large-scale capital for future major M&A but also provides a potential springboard for a rapid expansion of the company’s indoor networks business. TowerXchange examine the deal, the synergies it creates and the impact it could have on the European market.
On December 19, Brookfield Infrastructure reached a deal to acquire 3i Infrastructure’s 93% stake in UK towerco Wireless Infrastructure Group (WIG) for a total investment of £387mn.