Radius Global Infrastructure

What Radius Global Infrastructure does

Radius Global Infrastructure is a global digital infrastructure investment company focused on the strategic acquisition and management of real property interests and lease streams underlying wireless telecommunications and adjacent digital infrastructure assets. The company aggregates fragmented cell site leases, towers, Distributed Antenna Systems (DAS), network switches and exchanges, fiber aggregation points, and data center real property through its core operating brand APWireless, with more than 13,900+ lease streams across 23 countries. Its operational backbone combines a proprietary data-driven screening process and database with on-the-ground local presence via a 370+ person team across the US, UK, and other regions.

Radius generates revenue through triple-net lease arrangements on the underlying real property, where tenants (mobile network operators, tower companies, digital infrastructure operators, and wired operators) assume operating expenses and Radius collects predictable, durable escalating rents with contractual annual inflation-linked growth. The structure produces approximately 95% ground cash flow margins, with growth driven by acquisition-led consolidation of a fragmented global market and contractual rent escalators on existing leases.

Following its September 2023 take-private by EQT Active Core Infrastructure and PSP Investments for approximately $3.0 billion, Radius operates as a privately held portfolio company headquartered in Bala Cynwyd, Pennsylvania with a regional headquarters in London and a registered office in La Jolla, California. Under the new ownership, the company has refreshed executive leadership with industry-experienced hires from American Tower, Crown Castle, and Ontix, indicating strategic intent to deepen its tower and adjacent digital infrastructure franchise post-LBO.

Name

Radius Global Infrastructure

Legal name

Radius Global Infrastructure, Inc.

Website

https://radiusglobal.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

251–500 employees

Short description

Radius Global Infrastructure is a privately held digital infrastructure investment company, owned by EQT and PSP Investments, that aggregates more than 13,900 lease streams across 23 countries underlying wireless telecom and adjacent digital infrastructure assets held under triple-net lease with inflation-linked escalators.

Ownership category

akta.pro rank

Product category

Telecommunications and Digital Infrastructure Real Estate Investment

NAICS

Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate, Leasing & Colocation Management (Landlords/REITs) (HDAIAKAJ)

akta.pro secondary industry

Tower Portfolio Acquisition & Management Platforms (Asset/Lease Management Software) (HDAIAKAL)

Keywords

• Telecom infrastructure investment
• Cell site lease acquisitions
• Digital infrastructure real estate
• Wireless tower assets
• Distributed antenna systems

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Telecom Infrastructure Lease Rentals: Triple-net leases on telecom infrastructure assets (cell sites, towers, DAS, fiber aggregation points, data centers) with inflation-linked, long-duration terms. Leases provide predictable and durable escalating rents with annual contractual rent growth. Ground cash flow margin of approximately 95%.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Radius Global Infrastructure acquires and manages real property interests and lease streams underlying critical digital infrastructure assets, including cell site leases, wireless towers, Distributed Antenna Systems (DAS), network switches/exchanges, fiber aggregation points, and data centers. The company operates on triple-net lease structures with inflation-linked, long-duration terms, generating recurring rental income from telecom operators across 23 countries via its APWireless operating brand.

Product overview

Radius Global Infrastructure is a global telecommunications and digital infrastructure investment company that operates as a unified platform for acquiring and managing real property interests underlying critical digital infrastructure assets. The company's primary business vehicle is its APWireless subsidiary, which serves as the operational engine for sourcing, underwriting, and managing the portfolio. The company offers a portfolio of infrastructure asset categories including cell site lease acquisitions, wireless towers, Distributed Antenna Systems (DAS), network switches/exchanges, fiber aggregation points, and data centers. With more than 13,900+ lease streams spanning 23 countries, Radius is one of the largest international real property acquirers globally. The company operates on a private equity ownership structure following its 2023 acquisition by EQT Active Core Infrastructure and PSP Investments.

Differentiator

Problem solved

Functional benefit

Products and services

• APWireless (a Radius Company) Wholly-owned operating subsidiary and primary operating brand of Radius Global Infrastructure, responsible for the acquisition and management of wireless telecommunications lease streams and real property interests underlying digital infrastructure assets.
• Cell Site Lease Acquisitions Strategic acquisition and management of cell site lease streams underlying wireless telecommunications infrastructure, providing predictable and durable escalating rents with inflation-linked terms across a global portfolio of 13,900+ leases.
• Wireless Tower Infrastructure Portfolio Ownership and operation of wireless tower real property assets supporting mission-critical telecommunications infrastructure with high barriers to entry and long-term triple-net lease agreements.
• Distributed Antenna Systems (DAS) Investment in and management of Distributed Antenna System real property interests that enhance wireless coverage and capacity in challenging environments such as stadiums, airports, and urban centers.
• Network Switches/Exchanges Acquisition and management of network switch and exchange infrastructure properties that form critical nodes in telecommunications networks.
• Fiber Aggregation Points Ownership of fiber aggregation point properties that serve as interconnection hubs for telecommunications and data transmission networks.
• Data Center Infrastructure Investment in and management of data center real property assets that support mission-critical digital infrastructure operations.

Quantifiable outcome

• Ground cash flow margin of approximately 95% on triple-net leases
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Helios Towers: Independent tower operator primarily in Africa (Tanzania, DRC, Nigeria, South Africa) and the Middle East. Comparable international tower operations model with MNOs as primary customers, but focused on emerging markets where Radius has some exposure.
• INWIT: Italian tower company operating wireless towers and DAS networks, formed from the tower carve-out of Telecom Italia. Comparable business model of tower ownership with long-term MNO leases, but geographically limited to Italy rather than globally diversified like Radius.

Broad incumbents

• Uniti Group: Infrastructure REIT focused on fiber and wireless infrastructure with comparable real estate ownership model. Overlaps with Radius in telecom infrastructure leasing but with primary focus on fiber rather than tower ground leases and cell site real estate.
• DigitalBridge Group: Digital infrastructure investment platform focused on data centers, towers, fiber, and edge infrastructure across multiple geographies. Comparable investment platform approach to telecom real estate, though operates across the broader digital infrastructure landscape rather than specializing in ground lease aggregation.

Direct peers

• Vertical Bridge: Largest private tower operator in the US, focused exclusively on tower and DAS ownership. Directly comparable business model and asset class as Radius, though US-only and privately held rather than globally diversified.
• Crown Castle Inc. US-based REIT owning and operating cell towers, fiber, and small cell/DAS networks with similar business model to Radius. Directly comparable in telecom infrastructure ownership and triple-net lease economics, though primarily US-focused.
• Cellnex Telecom: Europe's largest independent tower operator with extensive footprint across Western and Eastern Europe. Comparable business model of acquiring and operating telecom infrastructure on long-term leases with major MNOs as anchor tenants.
• American Tower Corporation: World's largest global REIT operating wireless and broadcast communications towers across the US, India, Africa, Europe, and Latin America. Most directly comparable to Radius as a tower infrastructure landlord with long-duration leases and similar customer base (MNOs).
• SBA Communications: REIT that owns and operates wireless towers in the US, Brazil, and other markets, with comparable lease economics and customer profile. Direct peer in tower real estate ownership with some international exposure similar to Radius's global footprint.

Emerging players

• Phoenix Tower International: Tower operator focused on Latin America, Caribbean, and other emerging markets with comparable acquisition-driven growth strategy. Smaller and geographically narrower than Radius but with similar customer base (MNOs) and lease economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Radius Global Infrastructure