DigitalBridge Group, Inc. announced this morning that together with Brookfield Infrastructure and its institutional partners the companies have reached an agreement to acquire a 51% ownership stake in Deutsche Telekom-owned GD Towers. The transaction values GD $17.5 billion, including the assumption of net debt. GD Towers is Germany’s largest tower company, owning and operating over 33,000 towers and communication sites in …
A reverse stock split is oftentimes cautionary, but DigitalBridge Group says it’s all part of the grand plan
A reverse stock split oftentimes signals that a company is trying to stay listed on major exchanges, such as the New York Stock Exchange, where a company’s shares are required to not trade below $1 for 30 consecutive days. NYSE-traded DigitalBridge Group announced yesterday that within the next three months the company expects to have a reverse stock split in …
Towerco stocks tank as Communication Services Sector declines 33% and REIT Index shaves 23%
Towerco stocks notched a slight increase on Friday, but they’re still way off their 52-week highs. All four of the publicly traded companies saw significant declines beginning in December 2021, with considerable losses last week. DigitalBridge Group is down a reeling 45%, while Crown Castle Int. Corp. declined 26%, and SBA Communications Corp. saw a 25% drop. American Tower Corp. …
