BOCA RATON, Florida and
HELSINKI, June 25, 2018 /PRNewswire/ -- Digital
Colony, a global investment firm focused on enabling the next
generation of mobile and internet infrastructure, today announced
that an affiliate of Digital Colony has completed its previously
announced acquisition of Digita Oy ("Digita") from First State
Investments. The transaction was originally announced on
April 11, 2018.
Based in Helsinki, Finland,
Digita owns and operates the premier, nationwide digital
terrestrial television and radio broadcasting tower infrastructure
network in Finland and is the
largest independent owner of telecom towers in the country. The
company is also fully integrated across the digital infrastructure
value chain, providing telecom tower infrastructure, data center,
and Internet of Things solutions to the country's largest mobile
network operators, internet and media companies, utilities, and
real estate owners.
"We look forward to working with the Digita team
to accelerate the growth of Finland's leading digital
infrastructure company," said Ben
Jenkins, Managing Partner at Digital Colony. "We are
confident there is a tremendous opportunity for the company to
build on its market leadership position given its integral role in
the digital communications value chain and ahead of the deployment
of 5G technology."
"I truly believe that partnering with Digital Colony is the best
next step in the evolution of our company as we continuously strive
to provide creative solutions to each of our customers and
partners," said Juha-Pekka Weckström. CEO at Digita. "Their
operational expertise when it comes to towers, small cells, data
centers and Internet of Things will be instrumental as we continue
our expansion into new business verticals."
Bank of America Merrill Lynch and ICECAPITAL served as financial
advisors, with Roschier acting as legal advisor to First State.
Ashurst LLP provided legal counsel to Digital Colony.
About Digital Colony
Digital Colony is focused on
investing in the next generation of digital infrastructure. The
firm invests in the mobile and internet infrastructure landscape
worldwide, including macro cell towers, data centers, small cell
networks, and fiber networks. Digital Colony's strategic
investments help meet the demand for digital infrastructure
capacity which is driven by growth in mobile data and video
consumption, and the mega-trends of cloud computing, big data
analysis, IT outsourcing and e-commerce. Digital Colony brings
together the industry and investment expertise of Digital Bridge
Holdings, LLC, and Colony NorthStar, Inc. (NYSE: CLNS). The Digital
Colony executive leadership team has a history of successful
operations in digital infrastructure across multiple platforms and
continents.
About Digita
Digita transmits radio and television
programs to nearly everyone living in every corner of Finland every
day of the year. Digita also applies the latest digital technology
in order to develop and offer versatile online television and radio
services. In addition, its service portfolio includes comprehensive
Internet of Things services based on its nationwide network, as
well as world-class Data Center Services. Digita's clients are the
national broadcaster YLE, media houses and mobile and broadband
operators that provide quality content and services.