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Alaska’s largest telecom company, GCI, is acquired for $1.12 billion

In Daily News Briefs by Wireless Estimator

General Communication Inc. (GCI), Alaska’s largest telecommunications company, will be acquired by Liberty Ventures Group, a subsidiary of Colorado-based media conglomerate Liberty Interactive Corp., the company announced in a statement. The $1.12 billion buyout allows GCI to expand its already leading position in Alaska and expand to markets outside the state so the company will continue to have staying power …

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Telecom proponent Jeb Bush teams up with Boca Raton’s Vertical Bridge

In Featured News by Wireless Estimator

Vertical Bridge, the largest private owner and manager of communication towers and locations in the U.S., announced today the appointment of former presidential hopeful and Florida Governor Jeb Bush to its Board of Directors. Governor Bush will serve as an independent director. “Governor Bush understands and appreciates the need for greater wireless telecommunications infrastructure,” said Marc Ganzi, Executive Chairman of Vertical Bridge and co-founder …

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American Tower pulls out of Florida’s corporate row, affecting 56 employees

In Featured News by Wireless Estimator

American Tower Corporation (ATC) will be closing its office in Boca Raton, Fla. at 750 Park of Commerce Blvd., and laying off many of their 56 employees, according to a Florida worker adjustment and retraining notice dated March 1. Terminations are scheduled to begin on May 1. The office is located within a stone’s throw of Digital Bridge’s headquarters and …

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Pilot dies after clipping guy wire of Vertical Bridge Texas tower

In Featured News by Wireless Estimator

The pilot of a small airplane was killed when he crashed in Rusk County, Tex. yesterday on a clear afternoon on County Road 497 after its wing reportedly clipped a 449-foot tall tower’s guy wire, according to Rusk County Office of Emergency Management spokesperson David Chenault. Chenault informed Wireless Estimator that the plane was an older Cessna. The guyed tower, …

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Univision deal adds 66 broadcast towers to Vertical Bridge’s portfolio

In Daily News Briefs by Wireless Estimator

Vertical Bridge, one of the largest private owners and managers of wireless communications infrastructure in the U.S, today announced that it has signed an exclusive five-year agreement with Univision Communications Inc. (UCI) to manage a portfolio of 66 premium broadcast towers in key markets located across the United States.  Terms of the private transaction were not disclosed. Vertical Bridge’s portfolio …

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Alaska’s contractors could feel the pinch of GCI’s capex belt tightening

In Featured News by Wireless Estimator

Alaska’s General Communication, Inc. (GCI) announced yesterday that its deal to sell approximately 275 urban wireless towers and rooftop sites to Florida-based towerco Vertical Bridge closed Monday, providing the company with approximately $90 million in the transaction that was announced in May. The largest Alaska-based and operated, integrated telecommunications provider, however, also announced some unsettling news to its vendors and …

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Vertical Bridge uses 1,500 tower sites to close on $321 million in funding

In Featured News by Wireless Estimator

Vertical Bridge, the largest private owner and manager of wireless communication infrastructure in the U.S., today announced it has closed on a $321 million asset-backed securities offering led by Deutsche Bank Securities and Barclays. The issuance, which is secured by more than 1,500 Vertical Bridge tower sites across the U.S., gives the company additional flexibility to continue its real estate …

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US Cellular gets a wrist slap for violating FCC environmental rules

In Featured News by Wireless Estimator

The Federal Communications Commission (FCC) notified United States Cellular Corporation (USCC) last Thursday that it had failed to comply with the Commission’s regulations regarding the National Environmental Policy Act of 1969 (NEPA) and other federal statutes when it constructed a tower in Harvey, Ill., and New Buffalo, Mich, in 2007 and 2008. The agency said the carrier did not file …

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Vertical Bridge deal adds 1,000 building opportunities to its portfolio

In Daily News Briefs by Wireless Estimator

Vertical Bridge, the largest private owner and manager of wireless communications infrastructure in the U.S., today announced the signing of an exclusive five-year agreement with The RMR Group to market and master lease telecommunications sites at more than 1,000 RMR managed buildings.  Terms of the transaction were not disclosed. The RMR Group’s managed assets include hotels, travel centers, healthcare, senior …

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Blue Sky gets additional funding as Vertical Bridge gets an additional 275 towers

In Featured News by Wireless Estimator

Peppertree Capital Management has increased its funding commitment to Blue Sky Towers from $80 million to $120 million as towerco Vertical Bridge and General Communication, Inc. also announced today that they have signed an agreement to acquire 275 sites from GCI’s wholly-owned subsidiary, Alaska Wireless Network (AWN). “We are very proud of our accomplishments to date and consider ourselves fortunate to …

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Four-tower $75-million deal still on hold as developer grapples with NIMBY group

In Featured News by Wireless Estimator

Residents impacted by the proposed sale of a 75-acre Bethesda, Md. tract that is the home to Cumulus Media’s WMAL-AM Washington DC talk radio station, weren’t enamored with a presentation by developer Toll Brothers on Saturday to transform the area into a 328-home neighborhood. Additional traffic was the chief concern of many residents. In an article last year in Wireless …

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FCC auction has kicked off with NAB and NATE still ticked off

In Featured News by Wireless Estimator

The Federal Communications Commission’s (FCC) auction to buy spectrum from television stations, repack the spectrum, and then sell it to wireless providers, kicked off yesterday with broadcasters having to make a commitment as to whether and how they would participate. But a 39-month post auction deadline is seen as too compressed by the National Association of Broadcasters (NAB). And the …

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Popular analyst’s tower sector downgrade will be tested in coming weeks

In Featured News by Wireless Estimator

Commentary It almost appears that journalists have keyboard reader software on Wells Fargo analyst Jennifer Fritzsche’s computer since as soon as she writes something – even a knee-jerk observation – it instantly appears in the media as unchallenged sacred telecom guidance. So it was no surprise when Fritzsche downgraded the tower sector on Friday that it would be picked up …

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Alpha Media balloons with new stations as it sheds its unmarketed towers to Vertical Bridge

In Daily News Briefs by Wireless Estimator

Tower owner Vertical Bridge has announced that it has acquired close to 200 towers from Alpha Media, although no financial terms of the transaction were disclosed in a press announcement. The portfolio consists of 113 new sites, many with AM arrays accounting for the additional 87 towers announced in the deal. The acquisition, according to Wireless Estimator’s Tower Owners List, …

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Digital Bridge seen as top contender in $2 billion Saudi Arabia Mobily deal

In Featured News by Wireless Estimator

During a panel discussion last week during NATE UNITE 2016 in New Orleans, La., Robert Paige, Senior Vice President of M&A for Vertical Bridge, the cell tower leasing arm of Digital Bridge LLC, said that more than adequate capital is available for the industry to expand, stating that the amount was seen as “mind boggling”. And if a Bloomberg Business …

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A bright future predicted for wireless work by leading industry experts at NATE UNITE 2016

In Featured News by Wireless Estimator

As three leading industry experts gazed into their crystal balls Tuesday during their NATE UNITE 2016 presentation, “The Future of the Wireless Industry,” their consensus indicated a robust build program that could last for more than a decade. However, Clayton Funk of Media Venture Partners, Christopher Fisher, Cuddy & Feder LLP; and Robert Paige, Vertical Bridge, cautioned National Association of …

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Vertical Bridge picks up 200 Nsight towers, raising its count to almost 3000

In Daily News Briefs by Wireless Estimator

Vertical Bridge, the largest private owner and manager of wireless communication infrastructure in the U.S., today announced it has closed a transaction to acquire the rights to over 200 wireless communications towers from Nsight Tower Holdings, LLC (“Nsight”), a major telecommunication service provider in the Midwest. Vertical Bridge will have the exclusive rights to lease and operate the portfolio of …

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Clear Channel Outdoor Americas and Vertical Bridge announce landmark partnership

In Featured News by Wireless Estimator

Vertical Bridge, the largest U.S. private owner and manager of wireless telecommunication infrastructure and Clear Channel Outdoor Holdings, Inc., a subsidiary of iHeartMedia Inc., today announced the signing of an exclusive multi-year agreement for the management and marketing of wireless deployment on Clear Channel Outdoor America’s (CCOA) billboards and other out-of-home assets in 45 of the top 50 U.S. markets. …

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New top 100 U.S. tower owners unveiled with some first-time players and loss of a key owner

In Featured News by Wireless Estimator

Wireless Estimator released today its top 100 tower companies in the U.S. that identifies the same three top consolidators as in previous years, American Tower Corp., Crown Castle International and SBA Communications taking the lead. Although first place American Tower is slightly ahead of Crown in the Top 100 U.S. Tower Companies list by less than 200 towers, it is an …

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Vertical Bridge picks up 43 Townsquare towers and the ability to share in marketing 250 more

In Featured News by Wireless Estimator

Townsquare Media is the latest broadcaster that sees the benefits of selling their broadcast towers that they see as a valuable, but unnecessary asset. The company has announced a deal to sell 43 towers to Vertical Bridge, a company owned by Digital Bridge Holdings for $22.8 million. However, Townsquare will still keep 250 towers, which Vertical Bridge will market to …