Group Invests in Andean Tower Partners
The Olayan Group has closed an investment in Andean Tower Partners (ATP), a company specializing in telecom infrastructure in the Andean region of South America. Other key institutional investors in this private placement are Equity International and TC Latin America Partners.
ATP was founded by Digital Bridge, a leading owner and operator of mobile and internet infrastructure globally. Digital Bridge has over two decades of experience in the telecom sector, with a proven track record in the United States, Mexico, Colombia and Peru.
The Andean region requires significant investment in telecommunications infrastructure to meet the needs associated with mobile data demand growth. ATP owns and operates passive infrastructure solutions through towers, rooftops, small cells, and distributed antenna systems that enable mobile connectivity.
“With the experience and know-how in telecommunication infrastructure of the ATP team and Digital Bridge, we believe ATP has substantial capacity to successfully grow its footprint, and is well positioned to capitalize on the region’s opportunities,” said David Syriani, head of Americas Private Equity at The Olayan Group.
“We are extremely delighted with the success of ATP’s first institutional capital raise, which is anchored by experienced and very knowledgeable investors in the sector. With partners such as The Olayan Group, Equity International, and TC Latin American Partners, ATP will continue its expansion and strategic goal to become the leading telecom infrastructure provider in the Andean region,” said Marc C. Ganzi, ATP’s chairman.
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