With yesterday’s announcement that Vertical Bridge completed its merger with Eco-Site, the company can now boast having a master-leased tower portfolio of over 20,000 sites and a combined site portfolio of more than 290,000 sites located in all 50 states and Puerto Rico.
“The Vertical Bridge/Eco-Site deal moves the combined organization to a scale of operation similar to the Big 3 U.S. towercos – American Tower, Crown Castle and SBA Communications,” said John Celentano, Inside Towers Business Editor. “Large scale wireless operators gain operational efficiencies and cost advantages by dealing with a one-stop shop like Vertical Bridge that now can offer a robust tower inventory and tailored site services,” he said.
“I’ve known the Vertical Bridge team for many years and am excited to work with them under one banner. Vertical Bridge and Eco-Site are both employee-centric, customer-focused and solutions-oriented firms, “ said Eco-Site Co-Founder Dale Carey. “Together, we will scale faster, bring more opportunities to our customers and reach new milestones as the country’s largest private owner and operator of wireless infrastructure.” Carey has been appointed Executive Vice President of Strategy and Convergence at Vertical Bridge.
In April of 2019, Caisse de dépôt et placement du Québec (CDPQ) became a 30 percent stakeholder in Vertical Bridge. At the time, Vertical Bridge said it would use the investment from CDPQ to continue to grow its portfolio of broadband and broadcast towers, small cells, and other wireless infrastructure assets in advance of 5G deployment.
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