Boingo Wireless, Inc., a leading distributed antenna system and Wi-Fi provider launched in 2001, that serves carriers, consumers, property owners and advertisers worldwide, announced today that it has entered into a definitive agreement and plan of merger to be acquired by an affiliate of Digital Colony Management, LLC in a deal valued at $854 million. Upon completion of the transaction, …
What a difference a quarter makes as Colony Capital’s stock doubles in price through its digital design
Colony Capital Inc. (CLNY) had another good day in the market on Tuesday as shares jumped 6.67% to close at $4.00, doubling the stock price since CEO Marc Ganzi informed analysts during his August Q2 call that “Colony today trades slightly under $2.00. I’d encourage you guys to look at your history books, think about this management team, think about …
Vertical Bridge acquires last big broadcast tower portfolio for $213 million: Cumulus Media
In February, Cumulus Media said that the company was considering selling its tower portfolio of 250 sites across 32 states to increase its liquidity and pay down debt. On Friday, the deal was inked with Vertical Bridge picking up the assets for $213 million. Previously, CFO John Abbot said that he believes that the multiples being paid as the tower industry …
Is Ganzi’s Colony Capital at $2 an opportunity for those who missed out on profitable towerco stocks?
SBA Communications stock price closed at $311.28 Friday with American Tower’s stock at $257.61 and Crown Castle trailing at $168.19, but it’s still a price that cautious investors might shy away from during uncertain times. However, well-known wireless infrastructure magnate Marc Ganzi has what he believes is a wise investment, a $2 stock which he’s convinced has huge potential — …
