Adds 66 Premium Broadcast Towers to Portfolio, Adds to Network Capacity
BOCA RATON, FL (PRWEB) SEPTEMBER 07, 2016
Vertical Bridge, the largest private owner and manager of wireless communications infrastructure in the United States, today announced that it has signed an exclusive five-year agreement with Univision Communications Inc. (UCI) to manage a portfolio of 66 premium broadcast towers in key markets located across the United States. Terms of the private transaction were not disclosed.
Vertical Bridge’s portfolio of broadcast towers now exceeds 1,200 towers, and in total, the company owns or manages more than 45,000 sites including tower, rooftop, billboard, utility attachments and other site locations across the United States. The company’s geographic presence in key markets has expanded significantly over the last two years as the company has completed nearly 100 M&A transactions and key partnership agreements.
“We are excited to partner with Univision, which owns assets in key locations across the United States.” said Alex Gellman, CEO at Vertical Bridge. “These towers are all well-suited for deployment of broadcast, public safety, and wireless infrastructure. Additionally, as the tallest portfolio on average in the United States, Vertical Bridge’s sites are ideal for over the top (OTT) point to multi-point delivery of video and internet services.”
“Partnering with Vertical Bridge allows us to leverage their industry expertise to maximize the ROI on our owned tower portfolio, while we continue to focus our day-to-day broadcast operations in both TV & Radio,” said John Eck, Chief Local Media Officer at Univision Communications Inc. “This relationship with Vertical Bridge will help us maximize the value and flexibility of our communications infrastructure.”
The agreement with UCI is the latest in a string of broadcast asset agreements for Vertical Bridge. Other notable broadcast tower deals recently completed include agreements with or the purchase of assets from iHeartMedia, Townsquare Media, Alpha Media and Cherry Creek Radio.
About Vertical Bridge
Vertical Bridge is the largest private owner and manager of wireless communication infrastructure in the United States. The company owns, operates and manages over 45,000 tower, rooftop, billboard, utility attachment and other site locations in support of all wireless network deployments. Based in Boca Raton, Florida, Vertical Bridge was founded in 2014 by key executives from Digital Bridge Holdings, LLC and former senior officers of Global Tower Partners. The senior management team at Vertical Bridge has over 150 years of collective experience in tower infrastructure and related sectors. For more information, please visit http://www.verticalbridge.com.
About Univision Communications Inc.
Univision Communications Inc. (UCI) is the leading media company serving Hispanic America. The Company, a leading content creator in the U.S., includes Univision Network, one of the leading networks in the U.S. regardless of language and the most-watched Spanish-language broadcast television network in the country available in approximately 93% of U.S. Hispanic television households; UniMás, a leading Spanish-language broadcast television network available in approximately 87% of U.S. Hispanic television households; Univision Cable Networks, including Galavisión, the most-watched U.S. Spanish-language entertainment cable network, as well as UDN (Univision Deportes Network), the most-watched U.S. Spanish-language sports cable network, Univision tlnovelas, a 24-hour Spanish-language cable network dedicated to telenovelas, ForoTV, a 24-hour Spanish-language cable network dedicated to international news, and an additional suite of cable offerings - De Película, De Película Clásico, Bandamax, Ritmoson and Telehit; Univision Television Group, which owns 59 television stations in major U.S. Hispanic markets and Puerto Rico; digital properties consisting of online and mobile websites and apps, including Univision.com, the most visited Spanish-language website among U.S. Hispanics,Univision Now, a direct to consumer video service, Uforia, a music application featuring multimedia music content, The Root, the leading online news, opinion, and culture destination for African-Americans and a stake in The Onion, the nation’s leading comedy and news satire brand; and Univision Radio, the leading Spanish-language radio group in the U.S. which owns and operates 67 radio stations including stations in 16 of the top 25 U.S. Hispanic markets and Puerto Rico. UCI’s assets also include a minority stake in El Rey Network, a 24-hour English-language general entertainment cable network and a joint venture with Disney/ABC Television Network for Fusion, a 24-hour English-language news and lifestyle TV and digital network. Headquartered in New York City, UCI has television network operations in Miami and television and radio stations and sales offices in major cities throughout the United States. For more information, please visit corporate.univision.com.