DigitalBridge Group completed its tender offer to acquire a 75.62% stake in JTOWER Inc. (TSE: 4485), a major player in Japan’s digital infrastructure market, for JPY 70.1 billion (approximately USD 472 million). The tender offer, initiated on August 15 and finalized on October 10, 2024, was conducted through DB Pyramid Holdings, LLC, a special purpose entity managed by funds under DigitalBridge’s investment platform. Following the acquisition, DigitalBridge plans to take JTOWER private, with the process set to conclude in Q1 2025. The remaining shares will be held by JTOWER’s Representative Director, Atsushi Tanaka, through his asset management firm, Cultive.
This acquisition strengthens DigitalBridge’s position in Japan’s telecom infrastructure market, where JTOWER plays a key role in tower sharing and in-building solutions for mobile networks. By leveraging DigitalBridge’s expertise in global digital infrastructure, JTOWER is expected to expand its services and address the increasing demand for mobile network efficiency across Japan. The strategic move aims to drive the growth of next-generation telecom networks in the country, aligning JTOWER’s operations with global trends in infrastructure sharing.
DigitalBridge’s expansion into Japan comes as part of a broader strategy to grow its digital infrastructure portfolio worldwide. By delisting JTOWER from the Tokyo Stock Exchange in early 2025, DigitalBridge will gain more operational flexibility to help JTOWER accelerate its growth in Japan’s telecom sector.
Key Points:
• DigitalBridge acquires a 75.62% stake in JTOWER for JPY 70.1 billion (USD 472 million).
• DB Pyramid Holdings, LLC, managed the tender offer process.
• JTOWER will be taken private by early 2025, with delisting from the Tokyo Stock Exchange expected in Q1 2025.
• DigitalBridge plans to use its global expertise to help JTOWER expand Japan’s digital infrastructure.
“We are excited to enter the next phase of JTOWER’s growth in partnership with DigitalBridge, a global leader in digital infrastructure investment,” said Atsushi Tanaka, JTOWER’s Representative Director. “With their strategic expertise and financial backing, JTOWER is well-positioned to further enhance capital efficiency for its customers and drive the advancement of infrastructure sharing in Japan.”
