Wednesday, January 10, 2007

Crown Castle and Global Signal Stockholders Approve Merger

Crown Castle stockholders voted to approve the merger with Global Signal, whose stockholders also voted to approve the deal.

"We are excited about the combination of Crown Castle and Global Signal, which will create the largest US wireless tower company with the best-located assets in the industry, with approximately 55% and 72% of our towers in the top 50 and top 100 BTA's, respectively," stated John P. Kelly, President and Chief Executive Officer of Crown Castle. "The complementary nature of the US portfolios and our experienced management team position Crown Castle to remain a leading provider of infrastructure to the wireless industry."

  • In October 2006, Crown Castle agreed to acquire Global Signal Inc., which owns, leases or manages approximately 11,000 towers and other wireless communications sites.