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JTower Inc. Receives Acquisition Offer from DigitalBridge

Japanese Towers Firm Valued at Approximately $631 Million

Tender Offer Open Until October 10

In a deal that values the company at approximately $631 million, DigitalBridge has offered a 152% premium for JTower Inc.

The tender offer, which includes affiliates and other related entities, will be open until October 10.

DigitalBridge aims to acquire control of JTower, a Japanese towers firm, through an offer of 2446 per share.

The deal, which was announced by JTower, involves DB Pyramid Holdings LLC, a US subsidiary of DigitalBridge.

JTower founder and president Atsushi Tanaka and Nippon Telegraph and Telephone Corp. (NTT) are among the company's major shareholders.

According to reliable sources, NTT is considering selling its 19.9% stake in JTower to DigitalBridge.

The acquisition, if successful, will mark a significant move for DigitalBridge in the Japanese telecommunications market.

DigitalBridge currently manages a diverse portfolio of digital infrastructure assets globally, including cell towers, data centers, and fiber networks.

The deal is expected to be completed by the end of the year, subject to regulatory approvals and other customary closing conditions.