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    Home > Finance > Tele2 to form telecoms tower company in Baltic countries
    Finance

    Tele2 to form telecoms tower company in Baltic countries

    Published by Global Banking & Finance Review®

    Posted on August 6, 2025

    1 min read

    Last updated: January 22, 2026

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    Tags:telecommunicationsinvestmentpartnershipinfrastructure

    Quick Summary

    Tele2 and GCI are forming a 560 million euro telecom tower company in the Baltics to enhance 5G services, based in Lithuania.

    Table of Contents

    • Tele2 and GCI's New Telecom Tower Venture
    • Valuation and Financial Details
    • Geographic Focus of the New Company

    Tele2 Partners with GCI to Launch Telecom Tower Firm in the Baltics

    Tele2 and GCI's New Telecom Tower Venture

    COPENHAGEN (Reuters) -Sweden's Tele2 said on Wednesday it would form a telecoms tower company with Global Communications Infrastructure (GCI), backed by Manulife Investment Management, to roll out mobile and 5G services across the Baltic countries.

    Valuation and Financial Details

    Tele2 said in a statement the transaction valued the tower company at 560 million euros ($648.59 million) on a debt free basis and that the company expected cash proceeds of around 440 million euros.

    Geographic Focus of the New Company

    The new company will be based in Lithuania and will own around 2,700 telecom tower and rooftop sites in Estonia, Latvia and Lithuania, Tele2 said.

    ($1 = 0.8634 euros)

    (Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)

    Key Takeaways

    • •Tele2 partners with GCI to form a telecom tower company.
    • •The venture is valued at 560 million euros.
    • •The company will focus on 5G services in the Baltics.
    • •The new company will be based in Lithuania.
    • •It will manage 2,700 telecom sites in Estonia, Latvia, and Lithuania.

    Frequently Asked Questions about Tele2 to form telecoms tower company in Baltic countries

    1What is a telecom tower company?

    A telecom tower company owns and operates towers that support telecommunications equipment, enabling mobile and internet services for providers.

    2What is 5G?

    5G is the fifth generation of mobile network technology, providing faster speeds, lower latency, and the ability to connect more devices simultaneously.

    3What is infrastructure investment?

    Infrastructure investment involves allocating capital to physical structures and facilities, such as telecommunications towers, that support economic activities.

    4What is a partnership in business?

    A partnership in business is an arrangement where two or more parties agree to work together towards common goals, sharing profits and responsibilities.

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