DigitalBridge Establishes Belgium Tower Partners
Creates First Independent TowerCo in Belgium with Attractive Market Dynamics
Boca Raton, FL – June 1, 2022 – DigitalBridge Group, Inc. (NYSE:DBRG) today announced that an affiliate, DigitalBridge Investments, LLC (collectively “DigitalBridge”), has completed the acquisition of the Telenet Group Holding NV (Euronext Brussels: TNET, “Telenet”) mobile passive infrastructure and tower assets in an all-cash transaction valued at €745 million, or $820 million, on a cash-free and debt-free basis, creating Belgium Tower Partners.
Belgium Tower Partners is the first independent tower company of scale in Belgium with national coverage to support Mobile Network Operators as they deploy 5G. Through the launch, Belgium Tower Partners is adding Telenet as a long-term tenant on its nationwide portfolio of over 3,300 sites with an additional commitment to build at least 475 new sites.
“At a time when demand for wireless infrastructure continues to grow across Europe, we are excited to launch Belgium Tower Partners, a high-quality, leading independent tower company with a premier portfolio of digital infrastructure assets,” said Matt Evans, Managing Director, Head of Europe for DigitalBridge. “We are also pleased to extend our long-term partnership with Telenet, and we look forward to expanding our collective mobile penetration, accelerating 5G network deployment and increasing coverage across the Belgian telecom market.”
About Belgium Tower Partners
Belgium Tower Partners is the first independent tower company in Belgium. The Company owns, manages and operates a portfolio of towers, rooftops, other macro sites and small cells that are attractively located to meet growing demand for high-quality 5G deployment. The Company’s large, nationwide footprint allows customers experience the most reliable, resilient and sustainable connectivity.
Digital Bridge (NYSE: DBRG) is a leading global digital infrastructure firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $47 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, and Singapore. For more information, visit: www.digitalbridge.com.
As a provider of entertainment and telecommunication services in Belgium, Telenet Group is always looking for the perfect experience in the digital world for its customers. Under the brand name Telenet, the company focuses on offering digital television, high-speed Internet and fixed and mobile telephony services to residential customers in Flanders and Brussels. Under the brand name BASE, it supplies mobile telephony in Belgium. The Telenet Business department serves the business market in Belgium and Luxembourg with connectivity, hosting and security solutions. More than 3,000 employees have one aim in mind: making living and working easier and more pleasant. Telenet Group is part of Telenet Group Holding NV and is quoted on Euronext Brussel under ticker symbol TNET. For more information, visit www.telenet.be. Liberty Global – one of the world’s leading converged video, broadband and communications companies, innovating and empowering people in six countries across Europe to make the most of the digital revolution – owns a direct stake of 58.9% in Telenet Group Holding NV (excluding any treasury shares held by the latter from time to time).
Cautionary Statement regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, whether the Company’s acquisition of the Business will be completed within the time frame and on the terms anticipated or at all, whether the Company will realize any of the anticipated benefits from the transaction, whether the acquired funds will realize returns and the Business will continue to grow at the rate anticipated, and other risks and uncertainties, including those detailed in DigitalBridge’s Annual Report on Form 10-K for the year ended December 31, 2021, and its other reports filed from time to time with the U.S. Securities and Exchange Commission (“SEC”). All forward-looking statements reflect DigitalBridge’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. DigitalBridge cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. DigitalBridge is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and DigitalBridge does not intend to do so.
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 Based on exchange rate as of March 24, 2022.