09/11/2007, GTP
BOCA RATON, FL, September 11 - Global Tower Partners ("GTP")
today announced the acquisition of five hundred and forty-nine
(549) communications towers from AT&T Inc. ("AT&T")
(NYSE:T).
"The acquisition of these AT&T towers marks another major
milestone in the growth of our company," said Marc C. Ganzi, chief
executive officer, Global Tower Partners. "We are very excited
about the prospects of this unique set of urban tower assets, as
well as increasing our relationship with the wireless division of
AT&T."
The towers are located in 27 states throughout the U.S. Financial
terms of the transaction were not disclosed.
RBC Daniels, L.P. acted as exclusive financial advisor to AT&T
in the transaction.
Global Tower Partners 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 7,700 sites, including more than 2,600 owned towers throughout the United States. GTP's customers are leading wireless communications providers including Sprint-Nextel, AT&T, T-Mobile, Verizon Wireless, US Cellular, Metro PCS, Leap Wireless, Clearwire, Centennial Wireless, Dobson Communications & ALLTEL Communications.
RBC Daniels is a leader in financial services to the cable, telecommunications, media and technology industries worldwide. The company assists clients with mergers & acquisitions, public and private equity & debt financings and financial advisory engagements. RBC Daniels is a subsidiary of RBC Capital Markets Corporation. RBC Daniels is a member of FINRA and SIPC.
Terry Armant, Global Tower Partners, 561-995-0320, tarmant@gtpsites.com Bill Fowler, RBC Daniels, 303-778-5555, bill.fowler@rbcdaniels.com
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Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and has assets under management totaling nearly $200 billion USD as of September 2009.
