WSJ: Private tower owner Global Tower on the block


The WSJ reports private cell tower owner Global Tower Partners "is being shopped to larger rivals." Analysts think the company could fetch $4B.

Global Tower, owned by funds managed by Australian i-bank Macquarie, owns/operates/leases 16K cell sites, 6.4K of which are in the U.S., Mexico, and Costa Rica.

Publicly-traded tower owners American Tower (AMT - $27.8B market cap), Crown Castle (CCI - $20.5B), and SBA (SBAC - $9.5B) have all shown a willingness to grow their footprints via M&A (I, II, III).

The recent performance of their shares could make a deal easier to come by. Likewise, the higher valuations being assigned to tower owners (fueled by expectations 4G investments/mobile traffic growth will keep demand strong) could be motivating Macquarie to put Global Tower on sale.

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Comments (3)
  • scott trader
    , contributor
    Comments (7019) | Send Message
     
    Amt has gotten wracked in the last few months IMO a buying opportunity..
    6 Aug 2013, 11:06 PM Reply Like
  • nemonemo
    , contributor
    Comments (338) | Send Message
     
    Lookout for NIHD buyout. Its a super steal.
    6 Aug 2013, 11:17 PM Reply Like
  • Tufenk
    , contributor
    Comments (935) | Send Message
     
    $NIHD shorts trying to scare longs in premarket, take a look at my latest Instablog article, like this news a lot.
    7 Aug 2013, 08:54 AM Reply Like
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