Windfall due for mast landowners

Landowners with mobile phones masts could be in line for a major cash windfall as an American fund seeks to buy mobile phone leases.

An American hedge fund has set aside €20m to snap up the leases on mobile phone masts across Ireland in order to establish a new investment product backed by telecommunications infrastructure.

The acquisition of the leases will be handled by a Galway-based partnership of Tiger International and Black Dot Capital & Real Estate Group, operation under the name Black Dot Tiger.