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CTI Towers Adds Four Towers to Growing Portfolio; Hires New VP of Acquisitions to Help Drive Growth

Companies mentioned in this article: CTI Towers, Inc.

FRANKLIN, Mass. -- (BUSINESS WIRE) -- CTI Towers, Inc. (www.ctitowers.com), a wireless tower operator with more than 800 wireless towers throughout the United States, today announced that the company has completed its second third-party acquisition in just five months, adding four new towers from NTCH in Amarillo, Texas to its portfolio.

As CTI continues its push to expand its tower portfolio, the company has also announced the appointment of Joe Ryan to the new role of VP of Acquisitions. Ryan will be responsible for driving growth and spearheading all efforts to procure new towers, and today’s acquisition marks a major shift in the company’s focus towards M&A.

“This acquisition of new wireless towers continues CTI’s expansion outside of the core Comcast tower portfolio,” stated Tony Peduto, CEO of CTI Towers. “We continue to seek strategic tower assets throughout the United States, with hopes that each acquisition will bring our wireless carrier partners that much closer to achieving the ultimate goal of seamless coverage.”

Joe Ryan’s appointment to VP of Acquisitions will also play a major role in CTI’s quest for growth. Prior to joining the CTI team, Ryan served as M&A Director for American Tower where he oversaw the transaction of over 6,000 towers across the United States. With more than a decade of experience in the wireless tower industry, Ryan’s expertise will be instrumental in guiding CTI’s pursuit of more towers in strategic, high-demand regions.

“I am pleased to be joining a rapidly growing, dynamic company where each tower portfolio we acquire, no matter how small, moves the dial and helps propel the company forward,” said Joe Ryan, VP of Acquisitions, CTI Towers. “CTI’s future looks bright and its existing tower base and acquisition pipeline will serve as the ideal platform for growth.”

For more information on CTI Towers and news pertaining to their past and upcoming acquisitions, please visit www.ctitowers.com.

About CTI Towers, Inc.

CTI Towers, Inc. owns, operates, and maintains more than 800 wireless towers throughout the United States. The company leases tower space to wireless carriers, broadcasters, municipalities, utility companies, and others. CTI Towers works with its customers to meet the critical deadlines for network deployment and new cell sites and allows its customers to control much of the process to facilitate the deployment of their networks. For more information, visit http://www.ctitowers.com. CTI Towers’ lead investor Comcast Ventures (www.comcastventures.com), the venture capital affiliate of Comcast Corporation, focuses on innovative businesses that will change the way people live, work and interact.


Copyright © Business Wire 2014
Contact:

SutherlandGold for CTI Towers
Emilie Johnson, 408-410-9540
comcast@sutherlandgold.com