Dutch pension fund invests in local wireless infrastructure provider
The Rabo Bouwfonds Communication Infrastructure Fund (CIF) has sold its stake in the Netherlands-based Open Tower Company to a local pension fund. ABP, which has €394 billion of assets under management, has acquired a 75 percent in OTC for an undisclosed sum.
OTC co-founder NOVEC, another infrastructure provider, retains a 25 percent share in the company, which was founded in 2009 and has built up a portfolio of 800 towers. CIF Managing Partner Randolf Nijsse said: “Starting as a new company eight years ago, OTC has become the leading provider of telecom sites in the Netherlands.
“The company is a trusted partner for existing and new mobile network operators and plays an important part in facilitating the development of new networks like 4G and the IoT.
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