Thursday, August 8, 2013

TowerCo Isn’t Interested In Buying Global Tower Partners


With the news that Global Tower Partners was being shopped, many companies were looked at to see if there was any interest in GTP’s 6,400 towers. Jason de Bruyn wrote for the Triangle Business Journal that, “TowerCo CEO Richard Byrne said a transaction of that size isn’t a right fit for his company right now.

Byrne explained that TowerCo shied away from this deal because last year they sold 3,250 towers to SBA for $1.45 billion and he has private investors lined up do that again.


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