Belgium Tower Partners

What Belgium Tower Partners does

Belgium Tower Partners NV (BTP) is a Belgian telecommunications infrastructure company that builds, manages, and leases a portfolio of telecom towers, rooftops, macro sites, and small cells across Belgium. The company was established on June 1, 2022 when DigitalBridge Investments, LLC (an affiliate of DigitalBridge Group, Inc., NYSE:DBRG) acquired Telenet Group Holding NV's mobile passive infrastructure and tower assets for €745 million ($820 million) on a cash-free, debt-free basis. BTP operates 3,320+ tower sites providing 100% coverage across all 581 Belgian municipalities, positioning it as the first independent towerco of scale in the country.

The company's core offerings comprise three service lines: (1) leasing existing towers from its portfolio under a multi-tenant co-location model, (2) build-to-suit construction of new custom towers, with a binding commitment from Telenet to deliver at least 475 new sites, and (3) acquisition of existing towers and sites from third parties. Revenue is generated through long-term, recurring lease contracts with Mobile Network Operators (MNOs) deploying and densifying 4G/5G networks. Telenet serves as the anchor long-term tenant on the inherited portfolio.

BTP is headquartered in Diegem (near Brussels) and operates as a wholly-owned subsidiary of DigitalBridge Group, a global digital infrastructure investor managing approximately $47 billion in assets. Distribution is direct enterprise field sales to MNOs; the company maintains a multilingual corporate website (English, Dutch, French) and a LinkedIn presence, with no channel partners or self-serve distribution. Pricing is not publicly disclosed and is structured through bespoke long-term MNO contracts.

Name

Belgium Tower Partners

Legal name

Belgium Tower Partners NV

Website

https://www.belgiumtowerpartners.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Belgium Tower Partners is a Belgian telecom tower infrastructure company that builds, manages, and leases 3,320+ tower sites across all 581 Belgian municipalities to Mobile Network Operators for 4G/5G deployment, and is a wholly-owned subsidiary of DigitalBridge Group.

Ownership category

akta.pro rank

Product category

Telecom Tower Infrastructure

SIC

Services-Equipment Rental & Leasing, Nec (7359), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Macro Towers (Ground-Based & Rooftop) (HDAIAKAA)

akta.pro secondary industries

Telecom Tower & Mast Construction (Greenfield Builds, Foundations, Erection) (IMAFAIAC), Real Estate, Leasing & Colocation Management (Landlords/REITs) (HDAIAKAJ)

Keywords

• Telecom tower leasing
• Tower infrastructure services
• Passive network infrastructure
• Build-to-suit towers
• 5G network deployment

Headquarters

HQ city

Diegem

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Others

Revenue model

1. Tower Leasing: BTP generates revenue primarily by leasing tower and macro site infrastructure to Mobile Network Operators. Revenue is derived from multi-tenant leasing arrangements across both urban and rural portfolios, with Telenet serving as the anchor long-term tenant on over 3,300 sites. The model includes recurring long-term lease contracts and build-to-suit arrangements for new site construction.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Belgium Tower Partners builds, manages, and leases a portfolio of 3,320+ telecom towers and macro sites across Belgium, offering three core services: (1) leasing of existing tower sites for co-location by Mobile Network Operators, (2) construction of new custom towers through a build-to-suit program committed to deliver at least 475 new sites, and (3) acquisition of existing towers or sites. The portfolio provides 100% coverage across 581 Belgian municipalities and is strategically positioned to support 4G/5G mobile network deployment.

Product overview

Belgium Tower Partners operates as an independent tower company offering a unified portfolio of telecom infrastructure services. The core offering consists of three interconnected services: leasing existing towers from their portfolio of 3,320+ sites across Belgium, building new custom towers under a build-to-suit program (with a commitment to build 475+ new sites), and acquiring existing tower assets. Their macro sites portfolio includes towers, rooftops, and other macro infrastructure strategically located for 5G deployment, delivered through a multi-tenant leasing model supporting both urban and rural coverage across 581 Belgian municipalities.

Differentiator

Problem solved

Functional benefit

Products and services

• Tower Leasing Services Leasing of existing telecom tower portfolio to Mobile Network Operators for co-location, including broadband, point-to-point connections, and mobile communications infrastructure. Targets enterprise telecom operators in Belgium.
• Build-to-Suit Tower Program Construction of new custom telecom tower sites to meet Mobile Network Operator expansion and 5G network densification requirements, with a commitment to build at least 475 new sites. Targets enterprise telecom operators in Belgium.
• Tower Acquisition Services Acquisition and purchase of existing telecom towers or sites to expand BTP's portfolio capacity and coverage across Belgium. Targets third-party tower owners and operators looking to divest assets.
• Macro Sites Infrastructure Large-scale macro telecommunications sites including towers, rooftops, and other macro infrastructure strategically located for high-quality 5G deployment across Belgium, leased to Mobile Network Operators.

Quantifiable outcome

• 3,320+ tower sites available for immediate co-location
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Telenet Group Holding NV (Euronext Brussels: TNET)coreTechnology or Integration · 1 June 2022Telenet became the anchor long-term tenant on BTP's nationwide portfolio of over 3,300 tower sites upon creation of Belgium Tower Partners in June 2022. Telenet also committed to build at least 475 new tower sites under the build-to-suit program. Telenet is a major Belgian entertainment and telecommunications provider (under Telenet and BASE brands) offering digital TV, high-speed internet, and fixed/mobile telephony services. Liberty Global owns 58.9% of Telenet Group Holding NV.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Cellnex Telecom: Europe's largest independent towerco, operating >100,000 sites across multiple countries. Cellnex is the most directly comparable peer to BTP as a multi-tenant passive infrastructure landlord serving MNOs, with similar co-location, build-to-suit, and acquisition growth levers.
• Vantage Towers: European towerco carved out of Vodafone's passive infrastructure across multiple markets. Comparable to BTP as a single-country/regional towerco serving anchor MNO tenants with build-to-suit and co-location offerings in Western Europe.
• Phoenix Tower International: Towerco operating thousands of sites across the Americas and Europe, often backed by digital-infra capital. Comparable as a roll-up towerco with multi-tenant MNO leasing and build-to-suit across fragmented national markets, similar in size profile to BTP.
• Deutsche Funkturm: Deutsche Telekom's tower subsidiary, one of Germany's largest passive infrastructure operators. Directly comparable to BTP as a wholesale towerco serving a domestic MNO with build, lease, and acquisition of macro sites.

Broad incumbents

• Helios Towers: Towerco operating in Africa and the Middle East. Comparable as a publicly listed towerco with multi-tenant MNO leasing and active build programs, though in different geographies than BTP.
• American Tower Corporation: Global tower giant operating hundreds of thousands of sites across the US, Europe, Africa, and Asia. Comparable to BTP in core business model (multi-tenant tower leasing and build-to-suit for MNOs), but at vastly greater scale and geographic breadth.
• Crown Castle: US tower and fiber infrastructure operator. Comparable business model (passive infrastructure leasing to MNOs with long-term contracts and CPI-style escalators), though with US-centric footprint rather than BTP's European focus.
• SBA Communications: Global tower operator with primary US and Latin American presence. Comparable passive-infrastructure leasing model, build-to-suit capabilities, and multi-tenant revenue structure relevant for BTP valuation benchmarking.

Emerging players

• Proximus TowerCo (proposed): Belgian MNO Proximus has explored passive infrastructure separation in line with European towerco carve-outs. If created, it would be the most direct in-country peer to BTP, controlling an alternative Belgian tower portfolio.

Regional players

• T-Mobile Infra (NL) / DT Infra: Deutsche Telekom's European tower vehicles, including Tower Netherlands. Comparable regional towercos sharing the same passive-infrastructure monetization playbook BTP deploys, providing read-acrosss for build-to-suit, co-location, and tenant management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/belgium-tower-partners

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Belgium Tower Partners