Strategic Wireless has announced that it has acquired a portfolio of cell towers located in various counties throughout Iowa. Several of the telecom industry’s leading wireless carriers serve as anchor tenants on the towers and are joined by a host of other organizations.
The towers are currently at approximately 50% capacity, which management believes provides significant upside and value creation upon lease-up. Management expects to pursue additional wireless carriers, governmental agencies, radio stations, wireless internet service providers and others to help maximize occupancy on the towers.
This acquisition highlights the company’s expertise and commitment to create strategic partnerships not only with tower owners and developers but with the wireless operators as well. Strategic Wireless is an investment manager and capital partner focused on acquiring, building and managing telecom infrastructure assets that support mobile and internet connectivity. To help achieve its investment objectives, Strategic Wireless establishes mutually beneficial partnerships with select independent operators and developers throughout the U.S.
