Cary, NC – CTI Towers announced the acquisition of the entire tower portfolio of Cable One, Inc. This acquisition brings CTI’s tower portfolio to over 1,100 towers across the United States. The Cable One portfolio of approximately 110 towers is concentrated in the southwest and central areas of the country.
“The Cable One tower portfolio is the perfect augmentation to our existing portfolio and further expands our geographic profile to 47 of the 48 states in the continental U.S.,” stated CTI’s CEO, Tony Peduto. “We are pleased the Cable One management team recognized that CTI understands prioritizing connectivity, and over the years has developed procedures to ensure that CTI’s customers are able deploy without any disruption to its partners’ broadband deployment.”
Cable One joins Comcast, Mediacom, Vyve Broadband, Inside Connect Cable and Sinclair Telecable as the most recent operator to transact with CTI. “Cable operators have been tremendous partners and understand broadband deployment comes in all forms. These providers are exploring their own wireless initiatives, whether it be through MVNOs, Fixed Wireless, WiFi or small cells, while offering broadband through their extensive fiber networks. As 5G services become readily available, we will be able to offer our tower and edge computing customers access to nearby fiber networks, minimizing capital deployment for delivering fiber to a tower site,” Peduto added.
For this transaction, Cable One was represented by Locke Lord LLP, while CTI was represented by Fenwick & West LLP.
About CTI Towers: CTI Towers is one of the nation’s largest private tower companies. Founded in 2011, with the backing of Comcast Ventures, CTI has grown to over 1,100 towers. CTI has acquired towers from major cable television operators and private owners to attain its growth. CTI works closely with its cable partners to ensure the primary business of the cable operator is protected while serving its wireless customers. CTI currently ranks as the seventh largest tower operator in the country.
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For inquiries contact: CTI Towers: Mallory Barton 919-893-CTI1 (2841) x403
