Stonepeak completed the acquisition of a 49% stake in Sweden and Denmark operations from Cellnex for $769m.

Stonepeak, an alternative investment firm specializing in infrastructure and real assets, completed the acquisition of a 49% stake in Sweden and Denmark operations from Cellnex, an independent operator of wireless telecommunications infrastructure, for $769m. “We are pleased to have completed this transaction, which represents a natural fit for our core infrastructure strategy as well as a significant milestone in what we hope will be a long-term partnership with Cellnex. We look forward to working with the Cellnex management team in pursuing the significant value creation opportunities that we believe lie ahead in Sweden and Denmark,” Cyrus Gentry, Stonepeak Managing Director.