As part of the acquisition, DigitalBridge said it plans to take JTower private.
DigitalBridge has completed its buy-out offer for Japanese infrastructure provider JTower.
The deal was first announced in August and has been completed with DigitalBridge snapping up a 75.62% controlling interest in JTower for JPY 70.1 billion ($466 million).
As part of the acquisition, DigitalBridge said it plans to take JTower private.
Founded in 2012, JTower has around 6,700 telecom towers across Japan, offering infrastructure sharing to Japan’s network carriers.
“We are excited to solidify our investment in JTower, a leading player in Japan’s digital infrastructure sector. This strategic investment underscores our confidence in JTower’s long-term potential and its critical role in advancing next-generation digital networks,” said Justin Chang, Senior Managing Director and Head of Asia at DigitalBridge.
“We look forward to collaborating with the JTower team to accelerate their growth, expand their presence, and drive enhanced connectivity throughout Japan, while continuing to serve the strategic and operational needs of customers.”
When the deal was first announced in August, JTower said the acquisition would enable it to expand its deployment of network infrastructure across the company.
As part of the deal, JTower will maintain its business alliance with existing capital partners, NTT, NTT Docomo, and KDDI.
Last year, NTT Docomo struck a master transaction agreement with JTower to transfer the ownership of 1,552 Docomo towers to JTower for the sum of 17 billion yen ($115.6 million), which Docomo will subsequently lease from JTower. A year earlier JTower acquired 6,002 towers from Docomo.
DigitalBridge has investments in several infrastructure assets such as cell towers, data centres, fibre and small cells, and Edge infrastructure.
