DC Advisory acts as exclusive financial advisor to Infrared Capital Partners on their acquisition in Proximus Luxembourg Infrastructure

Background

• Proximus Luxembourg Infrastructure (PLI) is the first independent TowerCo entity in Luxembourg and manages 267 mobile tower assets
• Proximus Luxembourg, operating under the Tango and Proximus NXT brands, will remain an anchor tenant on the respective sites. A long-term master service agreement will ensure continued access to the infrastructure for Proximus Luxembourg, guaranteeing uninterrupted mobile services and consistent network coverage for Tango and Proximus NXT customers
• InfraRed intends to support the further growth of PLI as a leading independent telecommunications infrastructure business in Luxembourg. The experienced management team of the company will remain on board, leveraging their deep understanding of the Luxembourg market and exploring opportunities to further grow the tower portfolio in response to customer requirements and evolving demands
• InfraRed is a leading global infrastructure asset manager with over 25 years of experience investing across a range of essential infrastructure assets. InfraRed has completed more than 300 transactions worldwide, including notable investments in digital infrastructure such as telecom towers, data centers and fiber networks. InfraRed is committed to long-term partnerships and its strong asset management team has significant experience in actively managing critical infrastructure

Process

• DC Advisory acted as exclusive financial advisor to Infrared Capital Partners on their acquisition in Proximus Luxembourg Infrastructure

Outcome

• Proximus Group has signed a binding agreement with InfraRed Capital Partners (InfraRed) to sell 100% of the shares of Proximus Luxembourg Infrastructure (PLI) to InfraRed's European Infrastructure Income Fund 4 (EIIF4)
• The closing of this transaction is expected in the first quarter of 2025, subject to regulatory approvals
• This transaction further illustrates DC Advisory’s expertise in the Infrastructure and Telecom sectors