Carlyle is investing up to a billion dollars in US mobile telecommunications towers via a partnership with Tillman Global Holdings.

Carlyle said funds managed by its global infrastructure platform have committed up to $1bn (€966m) to help the infrastructure arm Tillman grow its cell tower business.

Since its founding in 2016, Tillman Infrastructure has become one of the largest providers of build-to-suit tower assets in the US and “these funds will seek to further support that growth trajectory”, said Carlyle.

Joshua Pang, the head of digital infrastructure for Carlyle global infrastructure, said: “Tillman Global has built a world-class portfolio of digital infrastructure assets with a demonstrated operating model for partnering with and delivering high-quality service to customers.

“We see significant opportunity for growth given the long-term secular demand-drivers of mobile data proliferation, digital connectivity, and the convergence of digital infrastructure operating models.”

Pooja Goyal, CIO of Carlyle global infrastructure, said: “This partnership underscores our momentum as we execute on our strategy of growing in attractive core and stabilised platforms.

”We are pleased to partner with Tillman, a platform that has established itself in organic, new digital infrastructure development in the United States and we look forward to supporting their growth over the long term.”

Sachit Ahuja, managing director of Tillman Global said: “Since launching Tillman Infrastructure in 2016, we have built a team that has delivered rapid growth in new tower builds in the US.

”Our partnership with Carlyle will allow us to further support our investments in US towers to grow both organically and inorganically.”

Sanjiv Ahuja, chairman of Tillman Global said: “Tillman Global continues to be excited about the immense market opportunity to serve our core customers across the US through building, owning and operating premier digital infrastructure assets.

”Our US tower platform, Tillman Infrastructure, continues to be a disruptive, customer-friendly organisation with a tremendous amount of growth potential. This new partnership with Carlyle represents the next phase of our investment in US towers.”

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