DigitalBridge, together with L&G and TD Asset Management Inc. (TDAM), has agreed to acquire VodafoneZiggo’s passive mobile tower infrastructure from Ziggo BV, a subsidiary of Ziggo Group. Subject to customary closing conditions (including regulatory approvals), the business will be acquired by DigitalBridge Strategic Asset Fund, L&G’s Digital Infrastructure Fund (“LDIF”) and TD Greystone Infrastructure Fund (the “Fund”) and combined with Belgium Tower Partners (“BTP”), DigitalBridge’s existing tower platform in Belgium.
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.
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.
“The combination of VodafoneZiggo Towers and BTP represents an opportunity to create a scaled, high-quality tower platform across two attractive European markets,” said Marc Ganzi, Chief Executive Officer, DigitalBridge. “With strong anchor customers, a diversified portfolio and significant cross-border scale, the combined business will be well positioned to support the continued evolution of mobile networks across Belgium and the Netherlands.”
“High-quality infrastructure will play a pivotal role in supporting communities and economic growth across Europe. As our fourth LDIF investment and first towers acquisition, this investment strengthens our continental footprint and delivers on our ambition to deliver both positive societal impact and long-term value for our investors,” said Matteo Colombo, Head of Digital Infrastructure Investments, Asset Management, L&G.
“We are pleased to invest in this essential European infrastructure platform and to support long-term growth in Belgium and the Netherlands. This investment strengthens and diversifies our portfolio as global demand for digital infrastructure continues to expand and transform,” said Jeffrey Mouland, Managing Director, Head of Global Infrastructure Investments, TDAM.
The transaction is subject to customary regulatory approvals and other closing conditions and is expected to close in early 2027.
The Fund was advised by Loyens & Loeff, McCarthy Tétrault, KPMG, TD Securities and Lockton.
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of more than 30 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells and edge infrastructure, DigitalBridge manages infrastructure assets on behalf of its limited partners and shareholders. The firm is headquartered in Boca Raton, Florida, with offices across North America, Europe, the Middle East and Asia. For more information, visit www.digitalbridge.com.
About the TD Greystone Infrastructure Fund
The Fund is an open-ended infrastructure fund with a diversified global portfolio and over C$4.7 billion of assets under management.1 The Fund is managed by TDAM, and has a track record of more than 12 years. The Fund invests globally across infrastructure sectors classes with current investments in North America and Europe, including energy transition, transportation, ports, utilities, renewable energy and power generation.
$4.7B assets under management (“AUM”) as at August 31, 2026.
About TD Asset Management Inc.
TD Asset Management Inc. (“TDAM”), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others. Additionally, TDAM manages assets on behalf of millions of retail investors and offers a broadly diversified suite of investment solutions including mutual funds, exchange-traded funds and professionally managed portfolios. Asset management businesses at TD manage C$571 billion in assets. Aggregate statistics as at June 30, 2026 for TDAM and Epoch Investment Partners, Inc. Both entities are affiliates and are wholly-owned subsidiaries of The Toronto-Dominion Bank. The AUM shown includes US$29.4 billion in regulatory assets under management managed by Epoch Investment Partners, Inc. as of June 30, 2026.
About L&G
Established in 1836, L&G is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at HY26) of which c. 44% (c. £0.5 trillion) is international. L&G has a highly synergistic business model, which continues to drive strong returns. L&G is a leading player in Institutional Retirement, in Retail Retirement and Protection solutions, and in Asset Management through both public and private markets. Across the Group, L&G is committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
About L&G Asset Management and the L&G Digital Infrastructure Fund
L&G’s Asset Management business is a major global investor across public and private markets, with £1.2 trillion in total assets under management (as at HY26) of which c. 44% (c. £0.5 trillion) is international. Clients include individual savers, pension scheme members and global institutions.
L&G’s Asset Management business provides investment solutions from index-tracking and active funds to liquidity and liability-based risk management strategies.
Investment philosophy and processes are focused on creating value over the long term. L&G’s Asset Management business believes that incorporating financially material sustainability criteria, when relevant to clients, can create value and drive positive change. This reflects L&G’s purpose: ‘Investing for the long term. Our futures depend on it.’
The L&G Digital Infrastructure Fund (LDIF) is a European- and UK- focused specialist digital infrastructure fund targeting infrastructure investments essential to the digital economy. This investment will represent LDIF’s second European and fourth overall investment to date, and contributes to L&G’s ambition to scale its private markets platform to £85bn by 2028, expanding investment opportunities for institutional investors.
Source : TD Asset Management Inc..
