Digital Colony, which seeks to expand its digital infrastructure platform in Europe, has entered the UK market with an investment in Stratto.
The mobile and internet infrastructure investor said following the investment, it will become a majority shareholder in the Stratto. Existing investors include BiscayneAmericas Advisers and certain members of management.
No financial details were disclosed.
Established in October 2016, Stratto is a provider of distributed antenna system and small cell networks in the UK.
Marc Ganzi, a managing partner at Digital Colony, said: “Our investment in Stratto is an excellent first step for Digital Colony in the UK market as we seek to build a small cell platform and expand our European footprint.
“Stratto was attractive because of the strong operational track record of its management team, its core focus and expertise and its competitive market position including relationships with the UK mobile network operators. We look forward to working closely with the management team to position Stratto as a leader in the development of 5G digital infrastructure across the UK.”
Richard Bourne, the CEO of Stratto, said: “We’re incredibly proud of what our team has achieved by making connectivity simple and providing flexible solutions to our customers and mobile network operators as they densify their networks.
“This investment will allow us to better serve our customers’ requirements and address the ever-growing need for outstanding in-building mobile coverage. We are very excited to partner with Digital Colony as we enter this new phase of growth, where the proven track record and operational expertise of the Digital Colony network will be key to meeting our business objectives.”