Caisse de dépôt et placement du Québec agreed to acquire a 30% stake in American Tower Europe, a developer of wireless communications and broadcast towers, for $1.92bn. “CDPQ’s extensive infrastructure experience, deep knowledge of the region and long-term investment philosophy are in close alignment with American Tower’s European strategy, operational excellence and long track record of historical success. This transaction not only contributes to the funding of our pending Telxius acquisition, which will transform our scale and leadership position in highly attractive markets like Germany and Spain, but also creates a solid, adaptable framework through which future expansion opportunities can be evaluated and financed," Tom Bartlett, American Tower President and CEO.