Digital Bridge completes capital raise to support Andean Tower Partners’ growth
US$150mn of new commitments from The Olayan Group, Equity International and TC Latin America Partners
Digital Bridge today announced it has completed an institutional investment round of US$150mn to support growth for Andean Tower Partners (ATP). The Andean Region requires significant investment in telecommunications infrastructure to meet the needs associated with significant mobile data demand growth. ATP owns and operates passive telecom infrastructure solutions through towers, rooftops, small cells, and DAS (distributed antenna systems) that enable mobile connectivity in the Andean region.
Following ISA’s recently announced investment agreement of US$80mn, Digital Bridge closed additional equity commitments for ATP with three leading global institutional investors bringing a total of US$23mn of new capital to ATP.