Underlining our strength in telecoms
Our track record in the Digital sector was further endorsed when we acted as Underwriter, Active Bookrunner, Mandated Lead Arranger, Facility and Security Agent as well as Hedging provider to the acquirer on the €7 billion GD Towers transaction.
The deal enabled Deutsche Telekom (DT), the largest telecommunications provider in Europe by revenue, to divest a stake in GD Towers an established tower company in Austria and Germany which maintains telecommunications infrastructure across more than 40,000 sites. 51% of GD Towers has now been acquired by a JV of DigitalBridge and Brookfield, two of the leading global digital infrastructure funds.
This was an important step for our marketleading digital infrastructure franchise. Despite a challenging market environment, we provided strong structuring and syndication expertise as well as solid distribution capabilities – strengthening our reputation in the tech sector and our leading position in financing digital infrastructure in Germany. The GD Towers transaction added to previous deals with a volume of €9.5 billion for fiber infrastructure and €0.5 billion for data centers across 2022 and the beginning of 2023.
We would like to thank UniCredit for their role in facilitating DigitalBridge’s acquisition of a majority stake in GD Towers in partnership with Brookfield. Their expertise was instrumental in the success of this landmark transaction. We look forward to the continued success of this venture and its future growth.”
Principal DigitalBridge
This transaction is another proof point for our leading position in the telecom sector and what we can achieve if we work together as a unified team amongst UniCredit colleagues to serve our clients.”
Head of TMT Coverage, UniCredit HypoVereinsbank
We want to express our appreciation to UniCredit for its support in the acquisition of GD Towers. This transaction exemplifies the significant amount of capital needed to enable the digitalisation of the global economy, one of three mega trends influencing our investment in infrastructure. UniCredit demonstrated its deep market and syndication expertise and has proven its knowledge in the telecom sector.”
European Head of Capital Markets, Brookfield Infrastructure
We are very proud of this transaction where a critical role was played by Digital Bridge and Brookfield, illustrating the more global influence of Infrastructure Funds in shaping the European telecom sector.”
Senior Banker Infra Funds, UniCredit HypoVereinsbank