The wireless infrastructure space saw some consolidation yesterday. BAI Communications says it has agreed to acquire Mobilitie, accelerating its efforts in US infrastructure markets.
Mobilitie offers wireless providers a range of outdoor and indoor wireless infrastructure and backhaul platforms around the US. More specifically, the company operate networks supporting the operations of 220 venues in 39 states as well as 10K small cells in 45 states and 300 tower sites in 14 states. They are also working with public transit systems in the San Francisco Bay Area and Seattle.
Meanwhile, BAI does similar things in global markets, including within the subway systems of New York, Toronto, and Hong Kong as well as having an extensive broadcast network in Australia. BAI has a majority ownership in Transit Wireless, giving them complementary NYC infrastructure via their footprint down in the subways.
Combined the two companies hope to better support carriers as they roll out 5G infrastructure both in the US and around the world. Financial details were not disclosed. BAI is majority owned by CPP Investments, while Mobilitie’s investors include Alberta Investment Management Corp.
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Categories: Mergers and Acquisitions · Towers · Wireless
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