Vertical Bridge Holdings, LLC. and Conterra Ultra Broadband Holdings, Inc. Establish Marketing Agreement and Form Joint Venture For New Tower Development

Boca Raton, FL (PRWEB) September 10, 2014

Vertical Bridge Holdings and Conterra Ultra Broadband Holdings announced today that Vertical Bridge will have exclusive rights to market collocation opportunities on authorized Conterra infrastructure sites. Conterra owns and operates more than 1,000 communication towers and rooftop locations in 23 states. The two companies also announced the formation of a joint venture that will focus on developing build-to-suit towers and new “build-to-haul” sites that bundle build-to-suit towers and fiber-quality backhaul services to improve wireless carriers’ time to market and operating costs.

“Conterra’s fiber quality backhaul solutions provide proven value-add opportunity for our carrier tenants, allowing for quick and efficient access to broadband level of backhaul services on the towers that we will develop with Conterra,” said Alexander L. Gellman, CEO and Co-Founder of Vertical Bridge.

Stephen R. Leeolou, Chairman and CEO of Conterra, added: “In looking for the right partner to market and fully develop the growth potential of our existing assets and utilizing our best-in-class broadband solutions for new tower builds, we selected the Vertical Bridge team because of their successful and proven track records with these types of opportunities. Their approach and execution capabilities fit the profile of the partner that will enable us to meet our strategic objectives for our existing and future tower locations.”

About Vertical Bridge
Vertical Bridge REIT, LLC, headquartered in Boca Raton, Florida, was founded in 2014 and is the largest private owner and operator of communications infrastructure and locations in the United States, with a portfolio of more than 500,000 sites, including over 11,000 owned and master-leased towers pre-transaction. Vertical Bridge provides build-to-suit and colocation solutions to the wireless industry. The Company’s portfolio spreads across all 50 states and Puerto Rico.

In 2020, Vertical Bridge became the first tower company in the world to achieve the CarbonNeutral® company certified status and has been recertified every year since. For more information, please visit www.verticalbridge.com.

About Digital Bridge Holdings, LLC
Digital Bridge Holdings, is a communications infrastructure platform based in Boca Raton, Florida. It was formed in 2013 through a partnership between Ben Jenkins (formerly of The Blackstone Group) and Marc Ganzi (former founder and CEO of Global Tower Partners). Digital Bridge owns interests in a broad range of communications infrastructure companies. It is dedicated to long-term value creation through the active management of its companies and strong alignment with its investor partners. Digital Bridge manages investments on behalf of institutional, corporate, endowment and family offices around the world. More information may be found at http://www.digitalbridgellc.com.

About Conterra
Conterra is a nationwide provider of bandwidth infrastructure services, specializing in the design, deployment and operation of customized networks, largely in underserved areas. During the last decade the company has connected thousands of customers in 25 states, bringing high-capacity middle and last-mile services primarily to the wireless carriers, education, healthcare and municipal government sectors. As a result, today Conterra is among the largest and most experienced suburban and rural broadband services providers in the US. For more information about Conterra please visit http://www.conterra.com.

Traci Clancy, Vertical Bridge Holdings, LLC, http://www.verticalbridge.com, +1 561-948-6367, tclancy@verticalbridge.com

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