CVC DIF, the dedicated infrastructure investment strategy of global private markets manager CVC Capital Partners, based in St. Helier, Jersey in the Channel Islands, announced it has signed a definitive agreement to acquire SBA Communications’ (NASDAQ: SBAC) Canadian wireless tower business, for an estimated $323 million. This deal, which the companies announced on August 5, involves the purchase of SBA Canada’s portfolio of about 500 owned and managed wireless communication sites that are strategically located across key high-growth urban, suburban, and rural markets in Canada.
The transaction reflects CVC’s focus on investing in critical digital infrastructure to support the expansion of 5G and broadband networks, according to the company. SBA Canada’s portfolio is underpinned by long-term contracts featuring escalation mechanisms and long-duration site control. CVC points out that SBA Canada plays a prominent role in supporting the expansion of next generation 5G and broadband networks for Canadian mobile network operators and connectivity providers.
The transaction is expected to close during the fourth quarter of 2025, subject to customary regulatory approvals and closing conditions. CVC’s investment in SBA Canada will be made through its DIF Infrastructure VIII fund.
“The acquisition of SBA Canada represents a significant investment in critical digital mobile tower infrastructure,” comments Tom Goossens, Partner and Co-Head of the DIF Infrastructure fund strategy at CVC DIF. “SBA Canada’s diversified high-quality tower portfolio, long-term customer relationships and proven development capabilities make it a valuable addition to CVC DIF’s fund portfolio.”
Brendan Cavanagh, SBA Communications CEO, added: “This transaction aligns with our long-term strategic goal of focusing on our core markets, while realizing substantial value for this unique set of assets in Canada and allowing us to reinvest proceeds for the benefit of our shareholders.”
By John Celentano, Inside Towers Business Editor
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