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MasTec Acquires WesTower

MasTec, a leading infrastructure construction company, has acquired telecommunications services firm WesTower for $199 million. WesTower’s operations have experienced significant revenue expansion, growing from approximately $100 million in annual revenues in 2010, to approximately $450 million in projected revenues in 2014. In the transaction, MasTec acquired all of the issued and outstanding equity interests of WesTower for a one-time payment of approximately $199 million in cash, subject to customary purchase price adjustments.


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T-Mo Stands Alone

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Kalamazoo Cell Tower Leases Possibly for Sale

The Kalamazoo City Commission in Michigan is considering selling the revenue from several cell tower lease contracts for $4.65 million. The city has received two proposals: one from Crown Castle who would allow the city to city to sell the revenue from 14 cell tower lease contracts for 50 years, ending after 2064, in exchange for a lump-sum payment of $3.9 million. A separate proposal from SBA Assets would allow the city to sell the revenue from two other cell tower lease contracts for a period ending after 2028 for a lump-sum payment of $720,000.