American Tower Corporation this morning announced that it has entered into a definitive agreement to acquire InSite Wireless Group, LLC (InSite), which owns, operates and manages approximately 3,000 communications sites, primarily in the U.S. and Canada. The portfolio includes more than 1,400 owned towers in the U.S., over 200 owned towers in Canada and approximately 70 distributed antenna system (DAS) …
Top towerco execs enthusiastic about the industry’s future
Executives gave upbeat assessments of the tower industry on the “View From the Top: Tower Executive Roundtable,” moderated by Jonathan Adelstein, President and CEO of the Wireless Industry Association during its virtual Connect (X) All Access conference yesterday afternoon. Panelists included Jay Brown, President and Chief Executive Officer, Crown Castle; Alex Gellman, Chief Executive Officer, Vertical Bridge; Jeffrey Stoops, President …
As Apollo courts Tegna, InSite takes on role of managing Tegna’s towers
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 …
Wisconsin residents can’t return to their homes until tower’s structural integrity is assessed
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 …
A large chunk of capital will help InSite expand its national presence
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 …
Mt. Wilson’s iconic Poole complex acquired by InSite Towers
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 …
