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FOR IMMEDIATE RELEASE
Contact: Heather Cucci, 561.995.0320
Global Tower Partners to Acquire Chinook Wireless Communications Tower Portfolio
Acquisition Enhances GTP’s Western U.S. Footprint.
 BOCA RATON, FL, June 1 – Global Tower Partners (“GTP”) today announced the signing of a definitive agreement to acquire seventy-seven (77) communications towers from MTPCS, LLC (dba: Chinook Wireless). Chinook Wireless holds 1900 MHz licenses in eight BTA’s, covering a population base in excess of one million across the State of Montana and parts of Northern Wyoming.
"The Chinook acquisition is a continuation of our growth strategy into the Western United States,” said Marc C. Ganzi, chief executive officer, Global Tower Partners. “We are excited about the prospects of this portfolio of unique locations and are looking forward to a long and prosperous partnership with the MTPCS team.”
“This agreement significantly increases our liquidity and establishes an alliance that we believe will benefit both companies as we continue to grow,” said Jonathan Foxman, chief executive officer and president of Chinook Wireless. “In addition, GTP has agreed to invest in further expanding our network with new tower builds, which in turn will benefit our customers and their coverage needs.”
"The Chinook portfolio is an ideal compliment to our existing footprint of towers and rooftops throughout the Western United States and specifically Montana” said Terry Armant, Senior Vice President of Development, Global Tower Partners. "Furthermore, we believe these unique locations will address the growing needs of our customers in enhancing their coverage and network quality in these growing markets."
After the closing of the Chinook Wireless acqiuisition, GTP will own or master lease some 9,806 sites, including 2,074 owned communications towers. The Chinook Wireless transaction is expected to close in August 2006.
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 9,728 sites, including 1,996 owned towers throughout the United States. GTP's customers are leading wireless communications providers including Sprint-Nextel, AT&T, T-Mobile, Cingular, Verizon, Centennial Wireless, Dobson Communications, US Cellular and ALLTEL.
About Chinook Wireless
Chinook Wireless (http://www.chinookwireless.com)
provides wireless communications services to communities across the State of Montana. Chinook Wireless was formed in 2005 to acquire the wireless operations of Blackfoot Communications, Inc., and 3 Rivers Telecommunications, Inc., as an initial platform from which to grow Chinook Wireless is committed to becoming a strongly positive force and a catalyst for growth in Montana by delivering the highest quality wireless voice and data services.
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