FOR IMMEDIATE RELEASE
Global Tower Partners Acquires AT&T Tower Assets
Portfolio Expands GTP’s National Footprint in Urban Locations
BOCA RATON, FL, September 15 – Global Tower Partners (“GTP”) today announced the acquisition of five hundred and forty-nine (549) communications towers from AT&T Inc. (“AT&T”) (NYSE:T).
"The acquisition of these AT&T towers marks another major milestone in the growth of our company,” said Marc C. Ganzi, chief executive officer, Global Tower Partners. “We are very excited about the prospects of this unique set of urban tower assets, as well as increasing our relationship with the wireless division of AT&T.”
The towers are located in 27 states throughout the U.S. Financial terms of the transaction were not disclosed.
RBC Daniels , L.P. acted as exclusive financial advisor to AT&T in the transaction.
About Global Tower Partners
Global Tower Partners (http://www.gtpsites.com), based in Boca Raton, Florida, is one of the leading providers of outsourced antennae site facilities to the wireless communications industry in the United States. GTP's business includes the ownership, development, leasing and management of antennae sites on towers and commercial real estate rooftops. GTP owns or master leases more than 7,700 sites, including more than 2,600 owned towers throughout the United States. GTP's customers are leading wireless communications providers including Sprint-Nextel, AT&T, T-Mobile, Verizon Wireless, US Cellular, Metro PCS, Leap Wireless, Clearwire, Centennial Wireless, Dobson Communications & ALLTEL Communications.
About RBC Daniels
RBC Daniels is a leader in financial services to the cable, telecommunications, media and technology industries worldwide. The company assists clients with mergers & acquisitions, public and private equity & debt financings and financial advisory engagements. RBC Daniels is a subsidiary of RBC Capital Markets Corporation. RBC Daniels is a member of FINRA and SIPC.
For more information, please contact:
Terry Armant, Global Tower Partners, 561-995-0320, tarmant@gtpsites.com
Bill Fowler , RBC Daniels, 303-778-5555, bill.fowler@rbcdaniels.com