Thursday, July 29, 2010

Crown Castle to Acquire NewPath Networks for $115 Million

Crown Castle International will acquire NewPath Networks, a provider of distributed antenna system (DAS) networks in the US for $115 million. NewPath was the eleventh platform investment made from the Charterhouse Equity Partners IV fund.


Crown Castle owns, operates, and leases towers and other communication structures for wireless communications. Crown Castle offers significant wireless communications coverage to 92 of the top 100 US markets and to substantially all of the Australian population. Crown Castle owns, operates and manages over 22,000 and approximately 1,600 wireless communication sites in the US and Australia, respectively.


NewPath designs, develops, owns and operates DAS networks that deliver enhanced network coverage, capacity and performance to wireless service providers (WSPs) in areas where traditional network build-out is difficult due to zoning, space, aesthetic, physical obstruction or cost constraints (such as urban areas, residential neighborhoods, large corporate, retail, or university campuses, sports arenas and stadiums).


http://www.crowncastle.com/http://www.newpathnetworks.net

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