23rd Sep 2026 19:47
Toronto-Dominion Bank - Toronto-based financial services company and Legal & General Group PLC - London-based financial services and asset manager - DigitalBridge Group Inc, Legal & General Group PLC and TD Asset Management Inc agree to acquire 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. Financial details were not disclosed. The transaction is expected to close in early 2027.
"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," TD says, adding: "The transaction would bring together two complementary businesses across established European telecoms markets, creating greater scale and a stronger neutral-host platform positioned to support customers' long-term network requirements, including continued 5G deployment, densification and network expansion."
TD current share price: CAD169.13
12-month change: up 55%
Legal & General current share price: 296.00 pence
12-month change: up 25%
By Aidan Lane, Alliance News reporter
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