Digital Colony, a global investment firm dedicated to strategic opportunities in digital infrastructure, today announced further growth of its UK platform through the acquisition of iWireless Solutions, a leading small cell service provider that delivers wireless connectivity solutions to some of the largest and highest profile venues in the UK. Financial terms of the private transaction were not disclosed.
iWireless Solutions will complement and bring outdoor small cell capabilities to StrattoOpencell, Digital Colony’s neutral host in-building mobile business, which is the leading in-building mobile service provider in the UK. StrattoOpencell delivers carrier-grade multi-operator indoor coverage to over 120 connected buildings, using over 2,700 cells. The acquisition of iWireless Solutions brings extensive outdoor connectivity experience including in the City of London, London Olympic Stadium, Twickenham Stadium, and other major outdoor UK venues.
“We have always championed small cells, and there is a growing industry consensus that they will be a crucial component in delivering mobile coverage, both inside and outdoors, for today’s networks and even more so as we enter the 5G era,” said Graham Payne, CEO of Digital Colony’s UK digital infrastructure platform. “We are delighted to welcome Ravi and the entire iWireless Solutions team to the family, their first-class approach to service integration, optimisation and radio network design is kindred to StrattoOpencell’s and will do a lot to further strengthen our deep mobile network operator relationships and outdoor small cell offerings.”
“In today’s world we expect to be wirelessly connected wherever we are. By joining Digital Colony’s neutral host team, we become part of a unique platform, enabling us to keep evolving as a company and further meet the ever-growing demand for connectivity” said Ravi Mondair, founder and CEO of iWireless Solutions. “StrattoOpencell has an unparalleled reputation in the UK mobile industry for its pioneering approach and innovative model for bringing carrier-grade, multi-operator mobile signal to buildings and enterprises of all types and sizes. Our partnership makes for an exciting future as combined we have the skills, track record and now investment to disrupt the outdoor small cells market.”
About Digital Colony
Digital Colony is a global investment firm dedicated to strategic opportunities in digital infrastructure. The firm was launched in 2018 by Digital Bridge Holdings, LLC, a leading investor in and operator of companies enabling the next generation of mobile and internet connectivity, and Colony Capital, Inc. (NYSE: CLNY), a leading global real estate and investment management firm. The firm brings together Digital Bridge’s industry, operational and investment expertise in the telecommunications sector with Colony Capital’s 26 years of experience as a global investment manager. For more information, please visit http://www.digitalcolony.com.
About iWireless Solutions
iWireless Solutions is a specialist system integrator and service provider that has an extensive track record for deploying bespoke, high-capacity indoor and outdoor wireless systems. We have delivered well over 2,000 wireless systems across a variety of sectors, namely, outdoor small cells and smart cities, transport hubs, stadia, airports, tunnels and large-scale campuses. Our consolidated reputation in the market has been established for over 12 years whilst working alongside UK MNOs, ISP’s, government agencies and venue owners in the development of highly-reliable systems.
Stratto and Opencell were acquired by Digital Colony and merged in 2018 to form StrattoOpencell, combining the power of small cells with distributed antenna products and architecture to enable true neutral host in-building connectivity as a service. The business works with many of the UK’s leading enterprise, hospitality, specialty workplace and large-scale developer businesses, providing carrier-grade multi-operator indoor mobile coverage anywhere that people work, live and play. StrattoOpencell is Digital Colony’s first investment in the UK, and is part of its broader plan to create an integrated digital infrastructure platform with towers, small cells, fibre networks and data centres.