- Acquisition will add 255 wireless communication sites to Aurora Towers, expanding Aurora’s tower portfolio to more than 650 sites
- Highly complementary portfolio with minimal overlap, which will strengthen Aurora’s footprint across Canada
- The transaction will further strengthen Aurora Towers’ position as one of Canada’s largest independent wireless tower operators
CVC DIF, the infrastructure business of leading global private markets manager CVC, today announced that its portfolio company Aurora Towers (“Aurora”) has signed a definitive agreement to acquire American Tower Corporation’s Canadian telecommunications tower business, comprising 255 wireless communication sites across Canada. This investment will be made through DIF Infrastructure VIII and is expected to close in the fourth quarter of 2026, subject to regulatory approvals.
This strategic transaction represents a major step forward for Aurora Towers, which was established as an independent Canadian tower platform following CVC DIF’s acquisition of SBA Communications’ Canadian wireless tower business in late 2025. Following completion of the transaction, Aurora’s portfolio will increase from over 400 to more than 650 sites across Canada, further strengthening its position as one of the country’s largest independent wireless tower platforms. The transaction is highly complementary to Aurora’s existing footprint and meaningfully enhances the scale and reach of the platform and expand its relationships with major Canadian wireless operators across a larger site base.
Since CVC DIF’s initial investment, Aurora has made significant progress in establishing itself as a standalone organisation strengthening its commercial capabilities through a strong and dedicated management team and further developing its relationships with Canadian wireless operators.
Tom Goossens, Partner and Co-Head of the DIF Infrastructure Funds at CVC DIF, commented: “This acquisition is a natural next step in the development of Aurora Towers. The portfolio is highly complementary to Aurora’s existing sites and significantly increases the scale of the platform, while further strengthening its relationships with Canada’s leading wireless operators. We believe the combination creates a stronger independent tower business with the capabilities and scale to support customers as they continue to invest in their networks across Canada.”
Kanan Joshi, Partner, Co-Head of North America and Head of Digital Infrastructure at CVC DIF, commented: "Aurora Towers has built real momentum since becoming an independent platform, and we’re pleased to see that progress continue with this acquisition. The combination of these two portfolios gives Aurora a stronger foundation to support its customers and supports our broader thesis around building resilient digital infrastructure platforms across North America."
Lawrence Gleason, CEO of Aurora Towers, added: “Aurora has made strong progress since becoming an independent platform, and this acquisition represents an important next step in its growth. Bringing together two highly complementary portfolios will broaden Aurora’s presence across Canada and strengthen its ability to support the country’s leading wireless operators with their network infrastructure needs.”