Global investment firm, KKR, announced that they will be investing in the wireless infrastructure businesses managed by Associated Partners, L.P. KKR has made investments in PEG Bandwidth, AP Wireless, and AP Towers.
"The need for wireless infrastructure will continue to be driven by increases in wireless data usage that is overwhelming existing network capacity," said Raj Agrawal, KKR's Head of North American Infrastructure. "We are excited about the opportunity to partner with Associated Partners to grow this premier set of businesses with critical telecom infrastructure assets."
The demand for wireless is only increasing, which is driving substantial investments in the wireless infrastructure business. PEG Bandwidth designs, builds and operates Ethernet backhaul networks connecting wireless communications towers to the data fiber backbone, principally in rural geographies. AP Wireless acquires interests in cell site ground and rooftop leases in the U.S. and internationally. AP Towers develops new wireless telecom towers and purchases towers that are currently operating.
"As the shale revolution is driving the growth of natural gas pipelines to transport molecules, the advent of the smart phone is driving a similar wireless explosion to transmit electrons. Wireless communication networks are an essential component of the nation's infrastructure," said Scott Bruce, Managing Director of Associated Partners, L.P. "We are excited to have KKR partner with us as we expand our businesses."
This transaction represents KKR's eleventh infrastructure investment overall and fifth in North America since 2010.
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That is a great news. I have recently dealt with one such firm called parallel infrastructure who is providing me the service of telecom.
ReplyDeleteContact Telecommunication Infrastructure Company