International communications infrastructure provider, BAI Communications (BAI), announced this morning they have agreed to acquire Mobilitie, one of the largest privately held telecommunications infrastructure companies in the United States.
This transaction represents a major expansion of BAI’s business in North America where it provides cellular and WiFi connectivity across large infrastructure projects, including the New York City subway system, under its majority owned business Transit Wireless. The transaction is subject to customary regulatory clearances and is expected to close in the third quarter of this year. According to a BAI spokesman, the company is now poised to work with telecommunications operators and municipalities in the U.S. and its other markets internationally to realize the smart city opportunities that 5G services are offering worldwide.
The acquisition adds Mobilitie’s broader portfolio of 220 venues across 39 states, 10,000 small cells across 45 states, and 300 tower sites across 14 states to BAI’s operations. BAI’s current holdings provide neutral host infrastructure in the major subways of New York, Toronto, and Hong Kong. It will also support BAI’s expansion in the UK and Europe as it pursues opportunities there.
The deal marries Mobilitie’s assets and operations across 5G outdoor and indoor wireless infrastructure and small cell deployment, and its work with transit operators across major U.S. cities with BAI’s long-standing experience in delivering communications infrastructure in dense urban and transit environments.
Igor Leprince, Group CEO of BAI Communications, said: “BAI’s acquisition of Mobilitie establishes us as a leading telecommunications infrastructure provider in the United States and the most relevant provider of public transit wireless connectivity solutions in North America. This reflects our ambitions for the U.S. as well as the other markets in which we operate globally and puts us in the perfect position to capitalize on the growing prioritization of connected infrastructure in regions such as the UK and Europe. The scale and strong relationships with large venue operators and mobile network operators that Mobilitie brings fits perfectly with BAI’s existing leadership in connected transit and infrastructure.
Gary Jabara, Founder and Chairman of Mobilitie said: “We’re very excited about this transaction, which augments Mobilitie’s market impact worldwide. BAI’s significance as a 5G player, together with Mobilitie, will enable unprecedented support of U.S. wireless carriers. It puts us on a clear, long-term path to greatly accelerate business and help our customers, especially the mobile network operators.”
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