CiG Wireless said it agreed to buy 290...
CiG Wireless said it agreed to buy 290 tower sites from Liberty Towers for more than $33.2 million in cash and CiG shares. The deal -- anticipated to close on June 30 -- would give CiG Wireless 38 tower sites…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
that are already built and generating revenue, as well as 252 work-in-progress sites. The purchase will “significantly expand our tower footprint as well as provide us with excellent future development opportunities,” said CiG CEO Paul McGinn in a news release Monday (http://bit.ly/ZBGA1W). CiG currently owns 81 tower sites in the continental U.S., including 29 in the Mid-Atlantic, 24 in California and 16 in the Southeast (http://bit.ly/12bP55N). Liberty Towers’ sites are in Delaware, Kentucky, Maryland, Missouri, New Jersey, North Carolina, New York, Ohio, Pennsylvania, Tennessee and West Virginia (http://bit.ly/10ewkf6).