Global Tower Partners Explained

Global Tower Partners
Location Country:U.S.
Key People:Marc Ganzi (CEO)
Industry:Telecommunication Towers

Global Tower Partners (GTP), owned by American Tower Corporation and previously based in Boca Raton, Florida, was the largest privately owned telecommunication tower operator in the U.S. and the fourth largest independent operator in this sector.[1] GTP owned, managed, or held master leases for more than 16,000 wireless sites and over 40,000 miles of railroad rights of way throughout the U.S.[2] GTP leased space on towers and rooftops to leading wireless communications providers including AT&T Wireless, Verizon Wireless, Sprint, T-Mobile, US Cellular, Metro PCS, and Leap Wireless. GTP was founded in 2002 and began operations in October 2003. Marc Ganzi, the company's Chief Executive Officer, was the sole founder.[3]

Ownership

In 2013 Global Tower Partners was bought by American Tower Corporation for an estimated sum of $3.3 billion.[4]

External links

Notes and References

  1. Web site: DigitalBridge Rides Wave of Investment in Data Centers, Cell Towers. Wall Street Journal. November 21, 2021. Miriam Gottfried. December 18, 2021.
  2. Web site: American Tower to pay up to $4.8 billion for Global Tower Partners parent. Boston Business Journal. September 6, 2013. Patricia Resende. December 18, 2021.
  3. Web site: Macquarie Buys U.S. Wireless Tower Company. Forbes. July 2, 2007. Shu-Ching Jean Chen. December 18, 2021.
  4. News: 2013-09-06. American Tower to Acquire Global Tower in $3.3 Billion Deal. 2020-11-14. Bloomberg.com.