Thursday, February 19, 2015

nTelos Closes 1st Part of Tower Sale

In January, nTelos announced they would be selling up to 103 towers to Grain Management, a private equity firm focused on investments in the media and communications sector. The first part of the tower sale closed earlier this week with 85 towers sold for $35 million. nTelos has access to reserve capacity on the leased towers for future use, according to the agreement.

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