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Shentel strikes a $310 million deal with Vertical Bridge to sell its tower portfolio of 226 sites

In Featured News by Wireless Estimator

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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While doubling its portfolio, Vertical Bridge maintains carbon neutrality

In Daily News Briefs by Wireless Estimator

Vertical Bridge REIT, LLC (Vertical Bridge), the largest private owner and operator of communications infrastructure in the United States, today announced that it has achieved CarbonNeutral® company certification through 2023, in accordance with The CarbonNeutral Protocol, the leading global framework for carbon neutrality. Vertical Bridge began a proactive review of its environmental footprint in 2020, which resulted in its initial CarbonNeutral® Certification. The …

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Vertical Bridge lawsuit says 30-foot tower near Finley Point, Montana won’t fly

In Featured News by Wireless Estimator

Vertical Bridge filed a lawsuit last week against Lake County, Montana, stating that there is a well-known gap in mobile coverage near the Finley Point area of Polson, Montana, and an unnamed carrier wants to fix it. Still, Vertical Bridge claims that Lake County’s onerous restriction of only allowing a 30-foot tall tower violates the towerco’s “federal rights” under the …

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DigitalBridge is betting a quarter billion dollars on its competitors becoming more profitable

In Featured News by Wireless Estimator

On Monday, during its second-quarter earnings call, SBA Communications cited a slowdown in U.S. carrier activity, similar to previous announcements by American Tower Corp. and Crown Castle, whose Q2 activity had declined a whopping 50%. DigitalBridge Group, whose tower arm Vertical Bridge has 11,000 owned and master-leased towers, will release its quarterly report on Friday and takes no comfort in …

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Aggravated over aggregator Everest’s ‘multi-million dollar scheme’, Vertical Bridge files a lawsuit

In Featured News by Wireless Estimator

Vertical Bridge REIT, LLC has filed a lawsuit against competitor Everest Infrastructure Partners (EIP), alleging that it ran an unfair “multi-million dollar scheme to unlawfully improve its market share” at Vertical Bridge’s expense through trade secret misappropriation, interfering with existing contractual relations and false advertising. Vertical Bridge, the tower arm of Digital Bridge, requests that EIP provide an accounting of …

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Bernard Borghei joins Tower Engineering Professionals as its new Chief Revenue Officer

In Daily News Briefs by Wireless Estimator

  Tower Engineering Professionals (“TEP”), a leading full-service provider of engineering and maintenance services to the tower, mobile network, and other telecom infrastructure customers, welcomes Bernard Borghei as its new Chief Revenue Officer. Borghei is the Co-Founder and former Executive Vice President of Operations of Vertical Bridge and has over 29 years of experience in the wireless telecom and infrastructure …

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Verizon and Vertical Bridge agreement creates new profit share model while speeding deployment

In Featured News by Wireless Estimator

Verizon and Vertical Bridge have agreed to build cell towers nationwide to expand Verizon’s 4G and 5G Ultra Wideband services. Vertical Bridge has agreed to construct these towers to-suit with Verizon as the anchor tenant. The towers will be held in an LLC formed by Vertical Bridge in which Verizon has a profits interest. The new towers will add to the …

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Vertical Bridge appoints Ronald Bizick as President and CEO, Alex Gellman becomes Executive Chairman

In Featured News by Wireless Estimator

Vertical Bridge REIT, LLC, the largest private owner and operator of communications infrastructure in the United States, today announced the appointment of Ronald G. Bizick, II as President and Chief Executive Officer effective May 2, 2023. Bizick has served as President and Chief Operating Officer since joining the Company in March 2022. Current CEO and Co-Founder Alex Gellman will become …

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Ian’s Florida cell site outages still critical in some counties with a 28% average as deaths continue to mount

In Featured News by Wireless Estimator

According to the FCC, the cell site outage average on Sunday dropped to 28% in the most affected Florida Counties that saw outages of 20% or higher. Although it’s a severe concern for residents and first responders still performing rescue missions, service had increased considerably since Thursday when half of the state’s cell sites were down. At least 89 people …

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Vertical Bridge achieves carbon neutrality for third consecutive year

In Daily News Briefs by Wireless Estimator

Vertical Bridge REIT, LLC, the largest private owner and operator of communications infrastructure in the United States, today announced that it has realized 100 percent carbon neutrality for the third consecutive year. The Company began a proactive review of its environmental footprint in 2020 which resulted in its initial CarbonNeutral® Certification that year and the subsequent renewal in 2021. “U.S. …

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Johnny Crawford and Bob Paige elevated to key executive positions at Vertical Bridge

In Featured News by Wireless Estimator

Vertical Bridge, the largest private owner and operator of communications infrastructure in the United States, today announced the promotion of two of its longest serving leaders to Executive Vice President. Johnny Crawford was named Executive Vice President of Development, and Bob Paige was appointed Executive Vice President of Mergers & Acquisitions and Corporate Development. “Bob and Johnny have been leaders …

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Bogus BLS averages put larger wireless contractors at a greater risk of being red-flagged

In Featured News by Wireless Estimator

Avetta and other compliance vendors continue to use the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) data to initially assess the safety culture and performance of wireless contractors through metrics such as the Total Recordable Incident Rate (TRIR) average. Compliance vendors red flag contractors if their TRIR exceeds the BLS’s current TRIR averages, even though they are aware …

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Vertical Bridge’s execs donate over $1.1 million to the Tower Family Foundation and Warriors4Wireless

In Featured News by Wireless Estimator

Vertical Bridge REIT, LLC , the largest privately owned and operated communications infrastructure company in the United States, announced that its executive team has donated over $1.1 million from their personal funds to Warriors4Wireless and the Tower Family Foundation. The donations were made in support of the work that these non-profit organizations do to help veterans enter the telecommunications industry and to support the …

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DigitalBridge acquires a controlling stake in nation’s largest independent tower owner, Vertical Bridge

In Featured News by Wireless Estimator

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., …

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Colocations unknown as a sealed deal with American Tower provides DISH with it final site selections

In Featured News by Wireless Estimator

American Tower Corporation and DISH Network Corporation announced today that they have entered into a master lease agreement through which DISH may lease space on up to 20,000 American Tower communications sites. Through the agreement, DISH will secure access to American Tower’s extensive U.S. portfolio of communications sites as it deploys its new nationwide 5G network, and American Tower will …

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‘Painless’ process results in a Dish/Vertical Bridge access deal

In Featured News by Wireless Estimator

Dish Network Corporation and Vertical Bridge REIT, LLC announced a long-term agreement granting Dish immediate access to Vertical Bridge’s extensive portfolio of towers, rooftops, utility transmission structures, billboards, convenience stores and other sites used for wireless infrastructure deployment. Vertical Bridge is the nation’s largest private owner and operator of communications infrastructure with a portfolio of over 300,000 sites spread across all 50 …

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Vertical Bridge’s acquisition of Eco-Site allows them to boast surpassing 20,000 towers

In Featured News by Wireless Estimator

Vertical Bridge REIT, LLC, the largest private owner and operator of communications infrastructure and locations in the United States, today announced the completion of its merger with North Carolina-based Eco-Site, a leading developer of wireless communication, tower sites and infrastructure. The combination increases Vertical Bridge’s owned and master-leased tower portfolio to over 20,000 sites and its entire portfolio to more …

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Elderly Vertical Bridge AM tower goes horizontal after being walloped by 130 mph winds

In Featured News by Wireless Estimator

A 310-foot self-supporting tower owned by Vertical Bridge that broadcast WMT-AM radio’s signal throughout Iowa collapsed last week after tornado-type winds swept through Linn County. According to the National Weather Service, a powerful line of severe thunderstorms known as “Derecho” tracked across Minnesotta, eastern Iowa, and northwest Illinois in the afternoon of August 10. Straight line winds were estimated to …

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Vertical Bridge acquires last big broadcast tower portfolio for $213 million: Cumulus Media

In Featured News by Wireless Estimator

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 …

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SBA is doubling down on data centers after successful Chicago edge experiment

In Featured News by Wireless Estimator

SBA Communications jumped into edge computing almost a year ago with the purchase of Chicago data center New Continuum to learn how to maximize their interest in the growing field that their competitors were taking an active role in,  and the experiment was successful. During Monday’s Q2 earnings call, CEO Jeffrey Stoops announced that the company has bought their second …