Wireless Industry News

CTI TOWERS ACQUIRES TOWER PORTFOLIO FROM MEDIACOM

Franklin, MA – CTI Towers announced it has agreed to acquire the tower portfolio of Mediacom Communications, which is expected to add over 360 towers to the company’s existing portfolio. With the acquisition, CTI now owns or manages over 1,000 wireless communication towers across the United States. Mediacom represents the third tower portfolio of cable television operators for CTI as the company continues its growth to become one of the nation’s largest privately-owned tower companies.

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CTI TOWERS SECURES $20M DEBT FACILITY FROM CIT

Franklin, MA, July 13, 2017 – CTI Towers, a fast-growing wireless tower company, recently procured a $20 million debt facility with CIT Group Inc. (NYSE: CIT). The facility allows CTI Towers to continue its growth through building and acquiring wireless tower assets. The facility also provides CTI Towers with the potential to tap into an additional $20M once the initial $20M is drawn.

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