Wireless Industry News

CTI TOWERS ANNOUNCES THE PROMOTION OF EXECUTIVES

Franklin, MA – CTI Towers, Inc., the sixth largest tower company in the United States announces the promotions of Lisa Linares and Loren Stearns to Vice Presidents of the organization.

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CARY LANDS BOSTON-BASED CTI TOWERS

Cary, NC - CTI Towers, one of the nation’s largest privately-held tower companies, announces it will be relocating its corporate headquarters to Cary, NC. CTI has been based in the Boston market since its inception in 2011. CTI will be moving to the Highwoods property at 5000 CentreGreen Way, and will commence operations at the location beginning in February, 2018.

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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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