Simpson Thacher is representing investment funds managed by DigitalBridge Group, Inc., in partnership with L&G and TD Asset Management, in connection with the acquisition of VodafoneZiggo's passive mobile tower infrastructure from Ziggo BV, a subsidiary of Ziggo Group. The business will be acquired by DigitalBridge Strategic Asset Fund, L&G's Digital Infrastructure Fund and TD Greystone Infrastructure Fund, and combined with Belgium Tower Partners, DigitalBridge's existing tower platform in Belgium.
Combining the businesses will create a new, independent tower platform across Belgium and the Netherlands, with more than 6,600 sites and a diversified customer base anchored by VodafoneZiggo and Telenet, alongside other leading mobile network operators.
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in early 2027.
The Simpson Thacher team includes Jiaying Zhang, Eleanor Milne, David McKendrick, Gabriel Silva, Diogo Morgado Filipe, Nishita Vasan, Matt Fowler, Niccolo Calvi, Tanaya Rajwade, Robert Williams, Rahul Medappa, Aljoharah Albasri, Emma Kennedy, Nicholas Khong and Mila Rubinfeld (M&A); Dan Peach, Sophie Rezki, Tilly Kersley, Margareta Newman and Yun Kei Chow (Credit); and Sarah Lindley and Neal Chandru (Tax).