12/04/2009, GTP
BOCA RATON, FL, December 4, 2009 - Global Tower Partners ("GTP") announced the closing of DukeNet Communication Services ("DNCS") from DukeNet Communications LLC, a subsidiary of Duke Energy ("DUKE") (NYSE: DUK). The acquisition of DNCS includes 141 communications towers, as well as other wireless communication assets.
"We are very excited to complete another transaction with the professionals at Duke Energy and are confident these sites are an excellent complement to our existing wireless infrastructure assets in key markets in Ohio and the Carolinas" said Marc C. Ganzi, chief executive officer, Global Tower Partners, "these strategic locations will no doubt serve the needs of our customers as they build out their 3G and eventual 4th generation networks".
The towers GTP acquired are located in eight states throughout the U.S. Financial terms of the transaction were not disclosed.
Global Tower Partners (), based in Boca Raton, Florida, is one of the leading providers of outsourced antennae site facilities to the wireless communications industry in the United States. GTP's business includes the ownership, development, leasing and management of antennae sites on towers and commercial real estate rooftops. GTP owns or master leases more than 10,000 wireless sites, including 3,200 towers throughout the United States. GTP's customers are leading wireless communications providers including AT&T Wireless, T-Mobile, Verizon Wireless, Sprint-Nextel, MetroPCS, Leap Wireless, CellularOne and Clearwire.
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Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and has assets under management totaling nearly $200 billion USD as of September 2009.
