Wireless Industry News » CTI Towers Adds 120 Towers from Cable Co
The wireless tower company, which is majority-owned by Comcast Ventures, acquired 120 communication towers from Vyve Broadband, which serves rural areas with cable, broadband and fiber optics. The deal expands the tower company’s presence into Oklahoma, Kansas, Arkansas and Wyoming.
CTI Towers was formed by Comcast Ventures, the venture capital affiliate of Comcast, in 2011 with a management contract for 800 towers that were previously owned and operated by Comcast Cable subsidiaries. The Vyve deal is the fourth and largest tower acquisition for CTI Tower since it sold its portfolio of 294 towers to InSite Wireless Group.
Working closely with Vyve for the past two years, consulting on tower leasing earned a level of trust for CTI Towers, which assisted with placing tenants on the towers from the Big Four national wireless carriers, as well as broadcasters, utility companies and governmental entities. Read More