Crown Castle to Acquire Tower Developer
There was a nice piece in the Houston Business Journal detailing Crown Castle's acquisition of Virginia based Mountain Union Telecom LLC. The $309 millon dollar deal set to close July 7, 2006, nets Crown Castle 468 completed tower sites and another 79 under construction. The annual revenue from the sites is $26 Million. And the towers are mostly located in the Western US, including LA, Denver, Phoenix, Las Vegas and some Puerto Rican locations. With increasing public resistance to towers coupled with the incessant public demand for service, expect to see more and more consolidation in the tower industry as bigger providers look to grow through acquisition. It is often much easier to upgrade a tower to accept more tenants than to build one from scratch, although not necessarily cheaper. Tim Sanders tim@thefinalmile.net www.thefinalmile.net www.wimaxglobalnews.com

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