Digital Colony announced yesterday that an affiliate has made an investment in Stratto Ltd. Digital Colony will become the majority shareholder in the company, while existing investors, including BiscayneAmericas Advisers and certain members of management have rolled equity into the new investment. Financial terms of the private transaction were not disclosed.
“Our investment in Stratto is an excellent first step for Digital Colony in the U.K. market as we seek to build a small cell platform and expand our European footprint,” said Marc Ganzi, Managing Partner of Digital Colony.
Stratto is a provider of DAS and small cell networks in the U.K., offering an Infrastructure-as-a-Service (IaaS) model delivering indoor mobile coverage. Stratto solves in-building mobile service problems for its customers working closely with U.K. Mobile Network Operators. Stratto says it has the capacity and expertise to connect its in-building systems to MNOs’ networks across different frequencies. The company is well positioned for continued growth as a robust DAS and small cell footprint are key to achieving the network densification required for MNOs to successfully operate 5G network technology, according to the company.
“Stratto was attractive because of the strong operational track record of its management team, its core focus and expertise and its competitive market position including relationships with the U.K. MNOs. We look forward to working closely with the management team to position Stratto as a leader in the development of 5G digital infrastructure across the U.K,” Ganzi said.
August 29, 2018
