Vertical Bridge will gain exclusive rights to over 200 towers
BOCA RATON, FL —[November 6, 2015] —Vertical Bridge, the largest private owner and manager of wireless communication infrastructure in the U.S., today announced it has closed a transaction to acquire the rights to over 200 wireless communications towers from Nsight Tower Holdings, LLC (“Nsight”), a major telecommunication service provider in the Midwest. Vertical Bridge will have the exclusive rights to lease and operate the portfolio of Nsight towers for a weighted average term of approximately 31 years. Vertical Bridge will also have fixed price purchase options to acquire the towers based on their anticipated fair market values at the end of the lease terms. Financial terms of the private transaction were not disclosed.