NEWS

Strategic Wireless Announces Acquisition Of Cell Tower Portfolio

Tuesday, Jul 30, 2019

Strategic Wireless Infrastructure Funds Management, LLC. (“Strategic Wireless”) announced that it has acquired a portfolio of cell towers located in various counties throughout Iowa. Several of the telecom industry’s leading wireless carriers serve as anchor tenants on the towers and are joined by a host of other organizations.

The towers are at approximately 50% capacity, which management believes provides significant upside and value creation upon lease-up. Management expects to pursue additional wireless carriers, governmental agencies, radio stations, wireless internet service providers and others to help maximize occupancy on the towers.

Jerry Sullivan, CEO of Strategic Wireless, stated, “We believe this acquisition highlights our expertise and commitment to creating strategic partnerships not only with tower owners and developers but with the wireless operators as well. This was a complex and challenging acquisition that served to accentuate the unique experience and robust capabilities of our management team.”

 

Source: businesswire.com

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