By oxer
Regional telecommunications operator Ntelos announced it has reached an agreement to sell up to 103 of its towers to an affiliate of private-equity firm Grain Management for approximately $41 million. As part of that deal, Ntelos will enter into a lease agreement to continue accessing those towers in serving its western markets. Ntelos had been … Continued
By oxer
The CNAS Board of Directors is also pleased to announce the selection of four new members: David Hogan, Lewis Kaden, William Kennard and David Schwimmer. Mr. Hogan has more than 30 years of experience in investment banking and merchant banking. He is currently the non-executive chairman of Mannheim LLC and previously served as senior managing … Continued
By oxer
Cincinnati Bell has sold its wireless spectrum licenses and some tower leases to Verizon Wireless for $210 million. The total value of the deal is estimated to be 4.5 and 6 times 2014 and 2015 adjusted EBITDA, respectively. The deal is expected to close in the second half of 2014. But you won’t see the … Continued
By oxer
Cincinnati Bell Inc. (NYSE:CBB) said Monday that it has agreed to sell its wireless spectrum licenses and other related assets to Verizon Wireless Inc. in a deal valued at $210 million. Cincinnati Bell Wireless (“CBW”) will sell all of its rights, titles and interest in its wireless spectrum licenses for $194 million in cash, while … Continued
By oxer
Verizon Wireless will pay $210 million to acquire spectrum licenses and related assets from Cincinnati Bell. The nation’s largest wireless carrier will assign the licenses to Grain Management, a private equity firm that invests in wireless infrastructure. Verizon will then lease back most of these licenses from Grain Management. Cincinnati Bell will exit the wireless … Continued