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Announced

Completed

Communications Sales & Leasing completed the acquisition of Tower Cloud for $230m.

Financials

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Transaction Value£160m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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data transport service

Information / Data Services

Private

Acquisition

Completed

Friendly

Single Bidder

United States

Domestic

Majority

Synopsis

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Communications Sales & Leasing, an internally managed real estate investment trust, completed the acquisition of Tower Cloud, a provider of data transport services, for $230m. “Tower Cloud significantly expands our backhaul network and greatly accelerates our entry into the high growth small cell and dark fiber businesses. We continue to grow our wireless carrier relationships across all asset classes and are seeing an increasing number of opportunities arise as carriers densify their networks and look toward the deployment of 5G and related technologies," Kenny Gunderman, CS&L President and CEO.

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