IN BRIEF: Pantheon invests USD30 million in Vertical Bridge

Pantheon Infrastructure PLC - investment trust managed by Pantheon Ventures and focused on ...

Alliance News 4 April, 2022 | 4:57PM
Email Form Facebook Twitter LinkedIn RSS

Pantheon Infrastructure PLC - investment trust managed by Pantheon Ventures and focused on infrastructure assets - Invests USD30 million in US wireless communication infrastructure operator Veritcal Bridge via a co-investment vehicle managed by DigitalBridge Group Inc.

Vertical Bridge holds a portfolio of more than 8,000 towers and 300,000 total sites which spreads across the US and Puerto Rico.

"We are pleased to have made an investment in a sector that is experiencing such strong tailwinds, and alongside a sponsor in DigitalBridge with an excellent track record investing in this space. As the largest privately-owned operator of wireless communications towers in the US, and the world's first tower company to become carbon neutral, Vertical Bridge is very well placed to capitalise on the growing demand for 5G-enabled services," said Richard Sem of investment manager Pantheon Ventures.

Current stock price: 105.50 pence

12-month change: up 1.6%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Pantheon Infrastructure Ord 87.40 GBX -1.35 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures