Not Folk-Loor, CTG Receives Funding

Communications Tower Group, a wireless infrastructure tower company, headquartered in Charlotte, North Carolina, announced that it has received funding commitments from Indigo Capital and MCM, Inc. Indigo Capital is a New York-based private equity fund and MCM is one of the largest, privately held wireless infrastructure providers in the Northeastern U.S. MCM and Indigo Capital have extensive experience investing together in the tower sector. Since 2010, they have jointly started successful tower businesses in six countries throughout Latin America that have grown to more than 2,000 towers in operation or under development. The investment will be used to execute build-to-suit agreements, develop small cell sites, and acquire communications towers. Founder and CEO, Ricardo Loor, who has 24 years of experience in the wireless industry, will lead the company. Prior to founding CTG, Loor held executive positions for carriers including Verizon/Bell Atlantic Mobile, Nextel/Dial Call and PrimeCo, as well as in major cell tower companies such as UniSite and SpectraSite and more recently as COO of Skyway Towers and Torres Unidas. Over the years, he has managed and developed over 7,500 towers. Loor said, “I’m very excited for CTG to be in the market place. Our goal is to excel at execution and customer service. At CTG we believe in one point of contact to address all carrier needs and customer satisfaction every step of the way.”