EQT Is Said in Talks to Acquire Radius Global Infrastructure (1)

EQT AB is in talks to acquire Radius Global Infrastructure Inc., which leases cell sites to wireless-tower companies and mobile-network operators, according to people with knowledge of the matter.

Radius’ shares rose as much as 24% on the news.

The Stockholm-based investment firm is speaking to banks about financing, said the people, who requested anonymity discussing private information. No deal has been reached and talks could still collapse, the people said.

Radius shares rose 20% to $12.09 at 11:44 a.m. in New York trading Wednesday, giving the company a market value of about $1.3 billion.

The company, led by ...