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FOR IMMEDIATE RELEASE
Contact: Terry Armant, 561.995.0320
Global Tower Partners to Acquire TCP Communications
GTP’s Rapid Expansion Continues with New Communication Towers in the Eastern U.S.
BOCA RATON, FL, January 20 – Wireless Tower consolidator Global Tower Partners (“GTP”)
today announced the signing of a definitive agreement to acquire wireless communications
assets from TCP Communications (“TCP”). TCP is a privately held tower management
company with 209 built towers and 24 tower sites under development located throughout
the United States.
“The TCP team has done an impressive job over the last three years assembling, developing
and operating a high quality group of towers and we are very pleased to welcome
these assets into our growing portfolio,” said Marc C. Ganzi, Chief Executive Officer,
Global Tower Partners. "The TCP acquisition will contribute greatly to our expansion
in the Northeast and Midwest portions of the country."
“We are proud of the towers we have acquired and developed at TCP through the years,
and believe that GTP is well positioned to benefit from owning these assets” said
Paul McGinn, Chief Executive Officer of TCP. “We are looking forward to working
with the team of professionals at GTP and closing this transaction in short order.”
"The TCP portfolio is a natural fit with GTP’s existing towers in our core markets”
said Terry Armant, Senior Vice President of Development, Global Tower Partners.
"Furthermore, we are excited to finish the great work that TCP has started in the
Northeast and helping our mutual customers address their rapidly growing coverage
needs in this part of the country."
Post the closing of the TCP acquisition, GTP will own, manage and master lease some
7,400 wireless communications sites throughout the United States, including 2,000
owned communications towers. The transaction is expected to close later this month
and catapult GTP as the largest private owner of wireless towers in the United States.
TCP was represented by San Francisco based Media Venture Partners in the transaction.
As privately held entities, GTP and TCP consider the terms and conditions of the
definitive agreements proprietary.
About Global Tower Partners
Since being founded in late 2003, Boca Raton based Global Tower Partners (http://www.gtpsites.com)
is one of the fastest growing and leading providers of outsourced antennae site
facilities to the wireless communications industry in the United States. Backed
by The Blackstone Group of New York City, GTP's core business includes the ownership,
development, leasing and management of antennae sites on towers and commercial real
estate rooftops. GTP owns, manages or master leases more than 7,200 sites, including
1,800 owned towers located throughout the United States. GTP's customers are leading
wireless communications providers including Sprint-Nextel, Cingular Wireless, T-Mobile
USA, Verizon Wireless, Centennial Wireless, Dobson Communications and Nextel Partners.
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