A brazen communications cable theft at a West Boylston, Massachusetts, cell tower on Friday afternoon led to the arrest of four New York men accused of posing as subcontractors to steal the cables for their scrap value. The incident, which highlights a troubling trend of cell tower transmission line thefts across New England, unfolded when local police responded to an …
Phoenix Tower International enters Ireland after acquiring Cellnex’s 1,900 towers for $1.1 Billion
Spanish telecom infrastructure company Cellnex has announced the sale of its Irish mobile tower unit to Boca Raton, Florida-based Phoenix Tower International (PTI) for about $1.1 Billion, equivalent to a multiple of around 24x EBITDA. This move comes as Cellnex, which currently manages approximately 1,900 tower sites in Ireland, aims to consolidate and simplify its corporate structure as part of …
Shentel strikes a $310 million deal with Vertical Bridge to sell its tower portfolio of 226 sites
Shenandoah Telecommunications Company (Shentel), a prominent provider of broadband services, including cable TV across the Mid-Atlantic region, has announced a significant transaction with Vertical Bridge Holdco, LLC, a company based in Boca Raton, Florida, led by President and CEO Ron Bizick. Shentel will sell its tower portfolio and operations to Vertical Bridge for $310.3 million in cash. This deal, expected …
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