More Carrier Portfolios Exist

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Keith Walters of Media Capital Advisors brought to our attention that there are a number of carrier portfolios with more than 20 towers. “C-Spire has a few hundred towers and a fantastic portfolio, nTelos has 100+ sites, and Shentel also has 100+ towers,” Walters noted. This is in response to a statement made by another investment banking group who stated that the next biggest carrier portfolio of towers, behind Verizon (12,000 towers) and U.S. Cellular (500 towers), is only made up of about 20 towers. Walters, and his partner Steve Bitner, have been providing investment banking services to tower clients since 1997, and this year alone they have close to $170 million of deal volume.

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