Re) defining towercos

From:  TowerXchange 

By Arianna Neri, August 29, 2017

 

Digital Bridge: an evolutionary tale of the convergence of towers, small cells, data centres and fibre

 

Tower Industry in the US Continues to Attract Investment

Vertical Bridge Holdings, LLC, a privately owned real estate investment trust (REIT) focused on the ownership of wireless communications towers in the US, has secured over $470 million of incremental equity commitments to support its acquisitions, new tower build programs, and growth strategy. Vertical Bridge has closed 23 cell site acquisitions so far this year, including 4 deals completed since October 1. Vertical Bridge Holdings was founded in 2014 by Marc Ganzi and other executives from Global Tower Partners after American Tower bought that company in 2013. The company focuses on owning, operating, and managing telecommunications towers, rooftops, and site locations across the country.

Digital Bridge Holdings, LLC raises significant additional equity for Vertical Bridge, its US tower platform, increasing total capitalization to $750 million

  • Significant investment by leading institutions, foundations, family offices and individuals through Digital Bridge US Tower Holdings, LLC
  • Additional investment by The Jordan Company and major new commitments from Goldman Sachs (GS) Infrastructure Partners and Stonepeak Infrastructure Partners
  • Brings total equity raised by Digital Bridge to nearly $1 Billion across its three businesses

Ganzi’s Digital Bridge Forms Mexican Joint Venture

Digital Bridge, headed by Marc Ganzi, and Macquarie Mexican Infrastructure Fund (MMIF) agreed to merge their cell tower portfolios last week to create Mexico Tower Partners (MTP), which will manage more than 600 towers and is one of Mexico’s largest independent telecom tower businesses.

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