M&A Deal Summary

Stonepeak Acquires TeleTower

On December 23, 2025, infrastructure investor Stonepeak acquired communications company TeleTower from Bite Group

Acquisition Highlights
  • This is Stonepeak’s 6th transaction in the Communications sector.
  • This is Stonepeak’s 1st transaction in Lithuania.

M&A Deal Summary

Date 2025-12-23
Target TeleTower
Sector Communications
Buyer(s) Stonepeak
Sellers(s) Bite Group
Deal Type Divestiture

Target

TeleTower

Vilnius, Lithuania
TeleTower operates a diversified portfolio of more than 2,500 tower and rooftop sites across Lithuania and Latvia, with a strong presence in strategic locations in all major Lithuanian and Latvian cities. TeleTower was formed in 2009 and is based in Vilnius, Lithuania.

Search 214,981 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Stonepeak

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2011
PE ASSETS 73.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 46 of 46
Sector: Communications M&A 6 of 6
Type: Divestiture M&A Deals 6 of 6
Country: Lithuania M&A 1 of 1
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-17 Allgas

Brisbane, Australia

Allgas is a natural gas distribution company that owns and operates a network supplying natural gas to residential, commercial, and industrial customers. Allgas is based in Brisbane, Australia.

Buy -

Seller(S) 1

SELLER

Bite Group

Amsterdam, Netherlands

Category Company
Sector Communications
DESCRIPTION

Bite Group is a provider of mobile telecommunication and mobile Internet services to residential and business customers primarily in Lithuania and Latvia. Bite Group is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Lithuania M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 TV3 Group

Riga, Latvia

TV3 Group is a TV-channel portfolio in all three Baltic countries with a combined 48.6% Commercial Share of Viewing (CSOV) as of Q4 2016 (target audience: 15-49), including: Three TV channels in Estonia (TV3, TV3+, TV6) Five TV channels in Latvia (TV3, TV3+, TV6, Kanals 2 and LNT) Three TV channels in Lithuania (TV3, TV6, TV8). TV3 Group is based in Riga, Latvia.

Buy kr1.1B