Telecommunication firm Altice USA is selling a portion of its tower assets to US wireless infrastructure provider Grande Towers (GTC).
GTC said it has agreed to acquire the assets in a deal that will expand its national footprint, increasing its portfolio to over 200 towers across key US markets.
Financial details were undisclosed.
GTC is an owner and operator of wireless infrastructure, providing solutions for mobile network operators, broadband providers and public sector clients.
Tony Peduto, CEO of Grande Towers, said: “The addition of these high-quality tower assets aligns with our long-term strategy of scaling our infrastructure to meet the evolving needs of our carrier partners and customers.
“GTC’s team has extensive expertise working with towers previously owned by cable television operators, such that customer deployments will be quick and not disruptive to customers.”
Dave Zilberman, general partner at Norwest, an investment firm that has backed Grande Towers since 2023, said: “This transaction represents a transformational moment for Grande Towers and the broader wireless infrastructure landscape.
“We believe Grande Towers is well-positioned to lead in this increasingly connected world.”
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