A traditional scathing barb heard when garage band musicians try to imitate legendary rock stars is: “Don’t quit your day job.” But at last Wednesday’s PCIA – The Wireless Infrastructure Association’s, All-Star Jam Session in Hollywood, Fla., it was obvious that the only things being skewered, were buffet offerings as PCIA members led a rousing session that made the house …
200-plus tower deal floats Vertical Bridge to 5th largest U.S. tower owner
CiG Wireless Corp., a leading owner and operator of wireless communications infrastructure in the U.S. has announced the signing of an agreement to be acquired by an affiliate of Vertical Bridge Holdings, LLC, a wireless communication towers company. Vertical Bridge is acquiring the company’s tower assets, including a geographically diverse group of more than 200 tower sites, in a transaction …
Vertical Bridge picks up iHeartMedia’s towers for $400 million
iHeartMedia today announced a deal to sell an undisclosed group of its radio towers to tower owner Vertical Bridge for up to $400 million. The broadcaster will continue to use the towers in a lease arrangement after the purchase closes, which is expected in the first quarter of 2015. iHeartMedia says the sale will help optimize its balance sheet and maximize …
