Highline, an independent telecoms infrastructure solutions provider, was acquired by Pátria Investments (Pátria) for an undisclosed amount.
"We are thrilled to partner with Highline as we enter the Brazilian digital infrastructure market. The company has a best-in-class asset base, multiple avenues for growth, and a talented and strong management team well-versed in scaling a tower platform," said Steven Sonnenstein, managing director at Digital Colony. "As Brazilian MNOs increase their 4G coverage, seek to augment capacity in the country's dense urban areas and prepare their networks for 5G deployment, there is a significant opportunity for Highline to grow. We look forward to expanding on what Pátria has built and to helping the business serve its customers."
Under the terms of the deal, Highline CEO Fernando Viotti and his executive team will continue to lead the company using their more than 80 years of collective experience in the Brazilian tower market.
"Whether considering how to alleviate current capacity overload or strategizing how to meet the network demands of 4G/5G adoption, IoT devices and overall subscriber usage, Brazilian MNOs have made macrosite location availability their top priority moving forward," added Viotti. "Our partnership with Digital Colony will allow us to expand our services ‒ including our flagship BTS program ‒ to meet the growing infrastructure needs of the country's MNOs and offer new sites on which to deploy their equipment."
Highline has a portfolio of wireless infrastructure assets, including macro towers, which spans all the major urban, suburban, and rural areas of Brazil. The company counts all of Brazil's major mobile network operators such as including TIM, Vivo, Claro and Oi as its customers.
Only last month, Digital Colony confirmed the acquisition of Beanfield Technologies, a bandwidth infrastructure provider in Canada.
