Cignal Infrastructure Limited acquires the telecommunications infrastructure assets of telent Ireland March 23, 2018:
Cignal Infrastructure Limited (“Cignal”), one of the leading providers of Communications Infrastructure Towers and Sites throughout Ireland, announced today that it has successfully completed the acquisition of the telecommunication towers and associated freehold sites of telent in Ireland.
telent had acquired the sites from Arqiva in 2015 as part of the Secure Solutions transaction. telent continue to offer a wide range of core radio and ICT communication services to their customers in Ireland.
Cignal is backed by Infravia Capital Partners, a French-based Investment Fund Manager specialising in Infrastructure. In August 2015, Cignal acquired the communications assets of Coillte and has acquired a number of additional portfolios and tower sites since then.
Cignal now owns land at 484 locations supporting telecoms infrastructure, of which Cignal own the tower infrastructure at 211 of these locations.
The portfolio has a wide customer base with Ireland’s leading mobile network operators as the primary customers across the portfolio. Cignal is Irish based and is managed by a dedicated team with extensive experience in the communications infrastructure sector in Ireland.
According to Colin Cunningham, Chief Executive Officer of Cignal, the company and its investors are delighted to have been able to acquire these assets and will fully integrate the acquired assets into the current Cignal portfolio.