Radius Global Infrastructure shares after EQT takeover, stock delisted but business model lives on

Radius Global Infrastructure was acquired by EQT and DigitalBridge in 2023 and its shares have since been delisted, but the portfolio of telecom sites and long-term leases continues to shape cash flows in the private markets.

By Daniel Hoffmann, Chart & Technicals desk. Reviewed prior to publication on 2026-06-25, 14:02.

Radius Global Infrastructure (US7502361014), known to investors under the ticker RADI on NASDAQ before its takeover, no longer trades on public exchanges after the 2023 buyout by EQT and DigitalBridge as documented in the company's merger filings. The weekday focus falls on the technical aftermath of the delisting and the residual signals that price charts of peers and indices offer for investors who once followed Radius Global Infrastructure, with the S&P 500 and listed tower operators providing the main benchmarks.

The EQT and DigitalBridge takeover

Radius Global Infrastructure Inc. announced on 1 March 2023 that it had entered into a definitive agreement to be acquired by affiliates of EQT and DigitalBridge for a cash consideration of 15.00 US dollars per share, according to the official press release on its investor-relations site. The transaction valued the equity of Radius Global Infrastructure at approximately 3 billion US dollars, a figure that included the assumption of net debt, and the buyers highlighted the company's portfolio of telecom sites across North America and Europe as the strategic driver of the deal.

The merger closed later in 2023 following shareholder approval and receipt of required regulatory clearances, and Radius Global Infrastructure disclosed in its final SEC filings that its common stock would cease trading on NASDAQ at the close of the transaction. In those documents the company confirmed that each outstanding share of RADI common stock was converted into the right to receive 15.00 US dollars in cash, so former shareholders now participate in the business only via that closing cash consideration rather than through ongoing stock-market exposure.

Chart implications and peer comparison

The delisting of Radius Global Infrastructure shares removed the ticker from major US equity indices such as the S&P 500 and NASDAQ-100, and the last available chart data on several market portals shows the final approach to the 15.00 US dollar takeout level as the deal progressed. Investors who followed the stock now often refer instead to listed peers like American Tower, Crown Castle and SBA Communications, whose charts on platforms such as TradingView illustrate the broader valuation and volatility patterns in the telecom infrastructure and tower REIT segment.

For context, American Tower shares remain part of the S&P 500 and trade on the NYSE, while Crown Castle also trades on the NYSE and sits in the real-estate sector classification for index purposes, giving investors liquid proxies for the type of long-term site-leasing exposure Radius Global Infrastructure used to provide. These peers have experienced phases of marked volatility in recent quarters, with interest-rate expectations and 5G rollout dynamics driving price swings, as summarized by several sell-side research notes from houses such as Morgan Stanley and Goldman Sachs that cover tower stocks as an asset class.

Operations after going private

Although Radius Global Infrastructure shares have been removed from NASDAQ, the underlying business continues to operate under private ownership, with EQT and DigitalBridge emphasizing in their deal communications that they plan to grow the portfolio of sites and lease contracts. Radius Global Infrastructure historically specialized in acquiring and managing ground leases under wireless towers and rooftop antenna locations, and the buyers indicated that they see further opportunities in both the United States and in selected European markets to add assets and renegotiate leases.

In their transaction announcement, EQT and DigitalBridge highlighted the recurring and inflation-linked cash flows that the Radius Global Infrastructure portfolio generates via long-term lease contracts with major telecom operators. They also noted that the business benefits from secular trends such as 5G deployment, densification of mobile networks and growing data usage, even though these factors now affect valuation only in private markets rather than in public share prices.

Financing structure and cash flows

Before the takeover, Radius Global Infrastructure published regular financial reports showing rental income from site leases as the main revenue line, accompanied by financing costs for debt used to acquire portfolios. In public filings the company reported a mix of fixed and variable-rate debt, often secured against specific portfolios of sites, with covenants tied to lease coverage ratios and other credit metrics.

After the acquisition, the financing structure is no longer publicly detailed on a quarterly basis, but EQT and DigitalBridge have outlined their general approach in other infrastructure deals: using a combination of equity from their funds and long-term debt to finance cash-generating assets. Analyst commentary on similar transactions stresses that this structure can support stable yields for private investors, though the absence of a quoted share price reduces transparency for former RADI shareholders who now only have the historical takeout price as a reference point.

Analyst views on tower and lease platforms

Investment banks that cover tower owners and ground-lease platforms, such as Goldman Sachs and Morgan Stanley, have published research describing these businesses as defensive infrastructure plays with sensitivity to interest rates and telecom capital spending. In several notes they highlight that long-term lease contracts with creditworthy counterparties underpin valuations, while changes in discount rates and sector sentiment can lead to noticeable swings in listed peers such as American Tower and Crown Castle.

Some analysts also point out that private takeovers, like the Radius Global Infrastructure deal, can occur when public market valuations fall below the level at which infrastructure funds are willing to buy portfolios, creating a gap between the stock price and the intrinsic value implied by transaction multiples. For RADI investors, the 15.00 US dollar per share cash consideration represented that transaction multiple, though the business now evolves out of public view under EQT and DigitalBridge ownership, and out of reach for new retail investors who might otherwise buy shares.

The product behind the stock

Radius Global Infrastructure's core product is not a consumer device but a portfolio of land and rooftop lease contracts under wireless towers and antenna sites, which it acquires and aggregates into long-term cash-generating assets. The company historically worked with telecom operators such as AT&T and Verizon as tenants, collecting rent over periods that often ran 30 years or more, and sold or refinanced portfolios once they reached scale.

The listing and price in brief

Radius Global Infrastructure shares previously traded on NASDAQ under the ticker RADI, but following the completion of the EQT and DigitalBridge acquisition each share was converted into 15.00 US dollars in cash and the listing was removed; there is therefore no current live price for RADI on NASDAQ or any other public venue.

Radius Global Infrastructure at a glance

• Company: Radius Global Infrastructure Inc.
• ISIN: US7502361014
• WKN: A2QGJQ
• Ticker: RADI
• Trading venue: NASDAQ (delisted after takeover)
• Price (as of 2023-XX-XX, delisting): 15.00 USD (takeover cash consideration)
• Market cap: approximately 3 billion USD including net debt at deal announcement (as of 2023-03-01)
• Sector / industry: Telecom infrastructure / ground leases
• Index membership: formerly part of broader US small and mid-cap indices; no current index membership due to going private
• Next earnings date: not officially scheduled as the company no longer reports quarterly results to public shareholders

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.