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As Apollo courts Tegna, InSite takes on role of managing Tegna’s towers

In Daily News Briefs by Wireless Estimator

Last week, InSite Wireless Group, one of the largest privately-owned tower and wireless infrastructure companies in the U.S., announced the expansion of its broadcast tower portfolio by entering into a management agreement with Tegna Inc., a TV broadcast group, to provide operational support as well as marketing services for Tegna’s wholly owned broadcast towers. However, at the time, it’s not known if …

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Wisconsin residents can’t return to their homes until tower’s structural integrity is assessed

In Featured News by Wireless Estimator

Police in Bloomer, Wisconsin evacuated residents of eight homes on Thursday evening after authorities became concerned that a nearby tower could collapse, causing injury to those living in the immediate area. It may still be another day or so until they are able to return. The 499-foot guyed tower, owned by InSite Towers LLC of Virginia, was constructed in 1969. InSite acquired …

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A large chunk of capital will help InSite expand its national presence

In Featured News by Wireless Estimator

InSite Wireless Group, LLC (InSite) today announced that Macquarie Infrastructure Partners III (“MIP III”)—as part of an initial investment of approximately $280 million—has acquired a 42.5% equity interest in the company from Catalyst Investors II, L.P. and other minority investors. MIP III has also committed to additional future investments to promote InSite’s continued growth. InSite owns, operates, and manages wireless …

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Mt. Wilson’s iconic Poole complex acquired by InSite Towers

In Featured News by Wireless Estimator

A deal to buy the multi-tower Poole Tower complex on Mount Wilson in California that was expected to be close to being inked in April, according to a report in Wireless Estimator, took another seven months, but finally closed last week, according to Media Services Group’s Bob Heymann, Jr. who served as the broker for Poole Properties, in announcing the …