An organized work stoppage action by U.S. wireless contractors that could have exceeded the breadth of economic damage caused by the steel workers strike of 1919, that shut down the nation’s steel industry, was averted yesterday after carriers and tower owners offered concessions to offset untenable matrix pricing being offered for 5G installations. The call to action for a national …
U.S. towerco is bid up in down under 2,000 tower deal that went to ATN and Singtel for $2.7 billion
UPDATE – April 1, 2022: Macquarie Asset Management today announced that, alongside its coinvestors, it has entered into binding agreements with Australia Tower Network (ATN), owned by AustralianSuper and Singtel, for the sale of 100% of Axicom for $2.7 billion (US). Earlier reports said that the assets, formerly Crown Castle’s towers, were expected to fetch approximately $2.1 billion US. American …
MasTec, SBA and DigitalBridge announce new leadership roles
Ava L. Parker – MasTec Ava L. Parker has become a member of MasTec’s board of directors, according to a company press release. She joined the board as a Class III director in MasTec’s staggered board structure, MasTec said. “Parker serves as president of Palm Beach State College in Palm Beach County, one of Florida’s largest higher education institutions,” MasTec said. …
DigitalBridge acquires a controlling stake in nation’s largest independent tower owner, Vertical Bridge
DigitalBridge Group. Inc. today announced that funds affiliated with DigitalBridge Investment Management, the Company’s investment management platform, have reached a definitive agreement to acquire a controlling stake in Vertical Bridge Holdings, LLC (Vertical Bridge), the largest private owner and operator of wireless communications infrastructure in the United States. As the operator of the largest independent tower platform in the U.S., …
DigitalBridge’s Barrack resigns after being arrested in LA for being an alleged unregistered foreign agent
Update: July 23, 2021 – Federal prosecutors agreed upon a $250 million dollar bail today for Thomas Barrack while he awaits trial on charges that he illegally lobbied the U.S. government on behalf of leaders in the United Arab Emirates. The bail, was the third highest amount in U.S. history, equal to Michael Milken’s bail that cost the Wall Street ‘junk …
