Aurora Towers Acquires American Tower's Canadian Assets

Aurora Towers, a key player in Canada's wireless infrastructure sector, is set to significantly expand its operational scale through a substantial acquisition. The company has entered into a definitive agreement to purchase the Canadian tower assets of American Tower Corporation, a move that will add 255 communication sites to its existing portfolio. This strategic transaction, facilitated by CVC DIF, the infrastructure arm of global private markets manager CVC, is anticipated to conclude by the close of the fourth quarter of 2026, pending necessary regulatory approvals.

This latest development marks a pivotal moment for Aurora Towers, which was established as a distinct Canadian entity following CVC DIF's acquisition of SBA Communications' Canadian operations in late 2025. Upon the completion of this new deal, Aurora's network will grow from over 400 sites to more than 650 across the nation. This expansion solidifies its standing as one of Canada's preeminent independent wireless tower operators, enhancing its reach and deepening its relationships with major Canadian wireless carriers.

The acquired portfolio is described as highly complementary to Aurora's current infrastructure, presenting minimal overlap and promising to fortify its national presence. This integration is expected to amplify Aurora's capacity to serve its clients as they continue to invest heavily in network upgrades, including the ongoing rollout of 5G technology. The Canadian telecommunications market, driven by increasing data consumption and the demand for enhanced connectivity, provides a fertile ground for such strategic consolidations.

Tom Goossens, Partner and Co-Head of the DIF Infrastructure Funds at CVC DIF, highlighted the strategic rationale, stating, "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." He further emphasized the creation of a more robust independent tower business capable of supporting customer network investments.

Echoing this sentiment, Kanan Joshi, Partner, Co-Head of North America and Head of Digital Infrastructure at CVC DIF, commented on the momentum Aurora has built. "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, expressed enthusiasm for the growth opportunity. "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." The consolidation is indicative of a broader trend in the digital infrastructure space, where scale and operational efficiency are becoming increasingly critical for success.