Cashing Out of Wireless Towers

Freed, Dan
March 2006
Investment Dealers' Digest;3/20/2006, Vol. 72 Issue 11, p10
Trade Publication
The article reports on deals to sell wireless tower companies following the rise in their valuations in 2005. Private equity bank TD Capital, for example, is seeking bidders for Mountain Union Telecom. Another private equity-backed tower portfolio being shopped is AAT, valued at an estimated $1 billion. These deals follow previous consolidation in the industry. Meanwhile, a decision has not been made on whether Cingular Wireless, the joint venture between AT&T and Bellsouth, will sell the 6,000 towers that it owns.


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