EQT-Led Group Agrees to Buy Radius Global in $3 Billion Deal

EQT AB and the Public Sector Pension Investment Board agreed to acquire Radius Global Infrastructure Inc. in a deal worth about $3 billion, including debt, adding to the Swedish alternative asset manager’s already substantial digital-infrastructure portfolio.

EQT and Canada’s PSP will pay $15 a share in cash for Radius, which leases cell sites to wireless-tower companies and mobile-network operators, according to a statement Wednesday, confirming a Bloomberg News report. EQT is investing in Radius via its Active Core Infrastructure arm.

“Radius is one of the market leaders in the aggregation of digital infrastructure sites and we believe it will ...