Acquisition of Finnish infrastructure giant completed
Written by: Philip Mason | Published:

Global investment company Digital Colony has completed the acquisition of Finnish network operator Digita Oy from its current owner First State Investments.

Based in Helsinki, Digita is one of the largest independent owner of telecom towers in the country. It is also, according to Digital Colony, “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.”

Speaking of the acquisition, Ben Jenkins, managing partner at Digital Colony said: “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.”

Digita CEO Juha-Pekka Weckström said: “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.”

The transaction was originally announced on April 11 of this year, and carried out by a Digital Colony affiliate.

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