Vertical Bridge, an owner and manager of cell phone towers, is a privately held firm. And that’s probably the biggest advantage it has, co-founder Bernard Borghei says.
Less than a week after putting the wraps on its $264 million purchase of Digity Media, Alpha Media has closed on the sale of nearly 200 broadcast towers to tower giant Vertical Bridge. The two-part deal includes 64 sites from Alpha’s legacy portfolio and 49 sites it recently acquired as part of the Digity acquisition.
Tower ownership can be a risky endeavor, but it can also deliver hefty profits for those who know how to properly allocate their resources and build strong relationships with carriers….Alex Gellman, co-founder and CEO of Vertical Bridge, gave insight into ways to maximize profits for owners, what to look for in a tower site, advice for …
Vertical Bridge Holdings, a privately-owned real estate investment trust focused on the ownership of wireless communication towers, is becoming one of the fastest growing tower companies under CEO Alex Gellman’s watch, thanks to a recent $400 million tower asset acquisition portfolio of iHeartMedia and the hiring of three veteran engineers.
Vertical Bridge has signed a multi-year agreement for the management and marketing of the wireless deployment of Clear Channel Outdoor America’s billboards and outdoor advertising properties in 45 out of the top 50 U.S. markets. Read More
Vertical Bridge and one of its subsidiaries announced this week it will be entering into an agreement to purchase 43 towers from Townsquare Media. The towers are set to be purchased for $22.8 million in cash, subject to closing adjustments.