Quebec’s Caisse de dépôt invests in U.S. cell tower company

MONTREAL and NEW YORK – Canadian institutional investor La Caisse de dépôt et placement du Québec (CDPQ) and global investment manager AMP Capital are providing US$500 million of financing to Tillman Infrastructure, an American developer and owner of telecommunication tower infrastructure.Founded in 2016 and based in New York, Tillman builds, owns and operates a range of cell towers across the U.S. that are used by various wireless carriers. After beginning construction on its first sites in late 2017, the company said that it is actively building in over three dozen states. (Ed note: in Canada, the wireless carriers own the towers).Under...