Category: Portfolio Company News

Leading Private Equity Firm Acquires Largest Privately-Owned Telecommunications Provider in Nebraska

By oxer

Washington, DC Grain Management, LLC (Grain), a leading private equity firm focused on investments in the communications sector, announced today that it has entered into a definitive agreement to acquire Great Plains Communications – the largest privately-owned telecommunications provider in Nebraska. “We are enthusiastic about the outstanding performance Great Plains Communications has delivered for its … Continued

Grain Management Acquires 85 Towers from NTELOS Holdings Corp

By oxer

Company officials at TowerCo have announced the sale of 253 towers and 95 other assets to Grain Infrastructure II, L.P., a private equity firm in Sarasota, Fla., for $244 million. The sale marks the third portfolio of towers and assets sold by TowerCo since 2008 when the company sold 430 towers to SBA Communications for … Continued

Cincinnati Bell Spectrum Sale Has Interesting Twist

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

Cincinnati Bell to sell Wireless Spectrum Licenses

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

Verizon Wireless to buy Cincinnati Bell’s AWS Spectrum

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