Vertical Bridge Completes $3.3 Billion Tower Transaction with Verizon
Vertical Bridge REIT has completed its previously announced transaction with Verizon (NYSE, NASDAQ: VZ), acquiring exclusive rights to lease, operate, and manage over 6,300 wireless communications towers across all 50 states for approximately $3.3 billion. The deal includes certain commercial benefits and involves under-tenanted towers, many in hard-to-site locations. This transaction positions Vertical Bridge to expand vertical real estate solutions to its customers and strengthens its status as the largest private owner and operator of communications infrastructure in the United States.
Vertical Bridge REIT ha completato la transazione precedentemente annunciata con Verizon (NYSE, NASDAQ: VZ), acquisendo diritti esclusivi per l'affitto, l'operazione e la gestione di oltre 6.300 torri di comunicazione wireless in tutti i 50 stati per circa 3,3 miliardi di dollari. L'accordo include alcuni vantaggi commerciali e coinvolge torri con affitti ridotti, molte delle quali situate in luoghi difficili. Questa transazione posiziona Vertical Bridge per espandere le soluzioni immobiliari verticali ai suoi clienti e rafforza il suo status di maggiore proprietario e operatore privato di infrastrutture di comunicazione negli Stati Uniti.
Vertical Bridge REIT ha completado la transacción previamente anunciada con Verizon (NYSE, NASDAQ: VZ), adquiriendo derechos exclusivos para arrendar, operar y gestionar más de 6,300 torres de comunicaciones inalámbricas en los 50 estados por aproximadamente 3.3 mil millones de dólares. El acuerdo incluye ciertos beneficios comerciales y abarca torres con poca ocupación, muchas en ubicaciones difíciles. Esta transacción posiciona a Vertical Bridge para expandir soluciones de bienes raíces verticales a sus clientes y fortalece su estatus como el mayor propietario y operador privado de infraestructura de comunicaciones en los Estados Unidos.
Vertical Bridge REIT가 Verizon (NYSE, NASDAQ: VZ)와의 이전에 발표된 거래를 완료하여, 약 33억 달러에 모든 50개 주에 걸쳐 6,300개 이상의 무선 통신탑을 임대하고 운영하며 관리할 독점 권리를 취득했습니다. 이 거래는 특정 상업적 혜택을 포함하며, 대부분의 위치가 어려운 저조한 임대 탑들이 포함되어 있습니다. 이 거래는 Vertical Bridge가 고객을 위한 수직 부동산 솔루션을 확장할 수 있도록 위치시키며, 미국 내 커뮤니케이션 인프라의 가장 큰 개인 소유자이자 운영자로서의 지위를 강화합니다.
Vertical Bridge REIT a finalisé sa transaction précédemment annoncée avec Verizon (NYSE, NASDAQ: VZ), acquérant des droits exclusifs pour louer, exploiter et gérer plus de 6 300 tours de communication sans fil à travers les 50 États pour environ 3,3 milliards de dollars. L'accord comprend certains avantages commerciaux et concerne des tours sous-louées, nombreuses sont situées dans des endroits difficiles. Cette transaction positionne Vertical Bridge pour élargir les solutions immobilières verticales à ses clients et renforce son statut de plus grand propriétaire et opérateur privé d'infrastructure de communication aux États-Unis.
Vertical Bridge REIT hat die zuvor angekündigte Transaktion mit Verizon (NYSE, NASDAQ: VZ) abgeschlossen und erhält exklusive Rechte zur Miete, zum Betrieb und zur Verwaltung von über 6.300 drahtlosen Kommunikationsmasten in allen 50 Bundesstaaten für ca. 3,3 Milliarden Dollar. Der Deal umfasst bestimmte kommerzielle Vorteile und betrifft unterausgelastete Masten, viele an schwierigen Standorten. Diese Transaktion positioniert Vertical Bridge, um vertikale Immobilienlösungen für seine Kunden zu erweitern und stärkt ihren Status als größter privater Eigentümer und Betreiber von Kommunikationsinfrastruktur in den Vereinigten Staaten.
- Strategic acquisition of 6,300+ wireless towers across all 50 states
- Expansion into hard-to-site locations providing competitive advantage
- Potential for revenue growth through under-tenanted tower optimization
- Significant capital expenditure of $3.3 billion
- Integration risks associated with large-scale tower acquisition
Insights
"The close of this transaction marks a transformative milestone for Vertical Bridge, solidifying us as the partner of choice in the
Advisors
Centerview Partners LLC served as financial advisor to Vertical Bridge and Greenberg Traurig acted as legal counsel. J.P. Morgan acted as financial advisor to Verizon and Jones Day acted as legal counsel.
About Vertical Bridge
Vertical Bridge REIT, LLC, headquartered in
In 2020, Vertical Bridge became the first tower company in the world to achieve the CarbonNeutral® company certified status and has been recertified every year since. For more information, please visit www.verticalbridge.com.
Forward-Looking Statements
In this communication we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words "anticipates," "assumes," "believes," "estimates," "expects," "forecasts," "hopes," "intends," "plans," "targets" or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
Media Contact
Vertical Bridge
Blair Crawford
209-482-2030
Blair.Crawford@verticalbridge.com
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SOURCE Vertical Bridge
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