Wireless Industry News

Deal with Companies Including Celtic Corporation Increases Company’s Portfolio

CTI Towers, Inc. (CTI) today announced it has completed acquisition deals with Celtic Corporation, in addition to another tower seller with whom the company has previously worked.  CTI, of which Comcast Ventures is majority owner, continues to own and manage over 500 towers, adding additional assets to its portfolio through tower acquistions.

“We decided to work with the very capable staff of Excel Capital Advisors as our representatives who introduced us to CTI Towers,” said Michael W. Kay, CEO of Celtic Corporation.  “The process went smoothly and we were pleased to learn that CTI Towers is so highly regarded in the industry. We wish them continued success in growing their company.”

“We’re excited to again start building our portfolio after the sale of our towers in March.  These acquisitions are a great start for CTI,” said Tony Peduto, Chief Executive Officer of CTI Towers, Inc.  “Michael Kay of Celtic is a class act and it was a pleasure to work with him and his broker, Excel Capital Advisors.  CTI continues to manage the Comcast portfolio of over 500 towers and continues to seek strategic tower assets that fit its business model and will fuel the company’s growth.” Read the full article