Announced
Completed
Financials
Tags
wireless network provider
United States
Acquisition
Private
Single Bidder
Internet
Private Equity
Minority
Friendly
Completed
Synopsis
Astra Capital Management, a private equity firm, completed the investment into Communication Technology Services, a US provider of wireless infrastructure services. Financial terms were not disclosed. “The mobility industry is shifting, and cellular coverage within buildings and large facilities is becoming mission-critical. This investment from Astra allows CTS to continue to scale and strengthens our leadership position in the mobility marketplace. This will better enable us to assist our customers in navigating these ever-changing and evolving technological advances, while also accelerating the development of new service offerings related to the emergence of private wireless networks,” John Tegan III, CTS Chief Executive Officer.
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