Honored and proud to share that the acquisition of Tele2 AB’s telecom infrastructure assets by Manulife Investment Management has been awarded The Baltic Private Equity Deal of the Year at the Baltic M&A and Private Equity Forum 2026.
This landmark transaction stood out for its scale, complexity, and strategic importance to the region. It resulted in the creation of the first pan-Baltic mobile tower company, headquartered in Lithuania, combining approximately 2,700 mobile towers and rooftop sites across Lithuania, Latvia, and Estonia.
The deal marks a significant milestone for Baltic infrastructure investment and highlights the growing role of institutional capital in shaping critical regional assets. It will also support the further expansion of digital connectivity and the rollout of 5G services across the Baltics.
We are proud that COBALT colleagues from all three Baltic offices, together with Freshfields, had the privilege of advising Global Communications Infrastructure LLC (GCI) and Manulife Investment Management throughout this highly sophisticated cross-border transaction.
