Digital Colony-backed Highline do Brasil, an infrastructure solutions provider for the telecommunications industry, agreed to acquire Phoenix Tower do Brasil, an independent telecommunications infrastructure provider, from The Blackstone Group for $443m. "We are excited about Highline’s progression in one of the fastest-growing and most dynamic telecommunications markets in the region. There are significant digital infrastructure investment opportunities in Brazil, and this acquisition will augment Highline’s ability to meet the increasing need for telecom infrastructure as our wireless carrier partners continue to densify their networks to keep up with the rapid growth in data consumption," Steven Sonnenstein, Digital Colony Managing Director.