Portfolio News

InSite Wireless, LLC Acquires Distributed Antenna System



InSite Wireless, LLC Acquires Distributed Antenna System (“DAS”) Sites from Dianet Communications, Inc.

Press release: ALEXANDRIA, VA – InSite Wireless, LLC (“InSite Wireless”), owner, operator, and manager of distributed antenna systems in public and private venues across the United States, today announced that it has closed on the initial purchase of DAS facilities and related assets from Dianet Communications, Inc. (“Dianet”). Under the terms of its Definitive Purchase Agreement, InSite has acquired the wireless system infrastructure and all customer license agreements pertaining to the DAS operations at 30 Rockefeller Center in New York City and at the Atlantic City Convention Center in Atlantic City, NJ.

“This acquisition creates significant strategic value for InSite Wireless and expands our DAS presence in the Northeast into the New York/New Jersey area,” stated David E. Weisman, InSite’s President and CEO. “We are pleased to add these attractive and well-known venues to our DAS portfolio.”

About InSite Wireless, LLC
Founded in December 2000, InSite Wireless specializes in the design, installation, operation, and maintenance of shared wireless infrastructure solutions that enhance the quality and capacity of wireless voice and data services for complex indoor and outdoor environments. InSite built and launched its first DAS at the Moscone Center in San Francisco in 2001, and has developed and currently operates additional DAS projects in convention centers, hotels and casinos, airports, sports stadiums, and transit systems like the MBTA Boston subway system. InSite’s parent company, InSite Wireless Group, LLC, also owns InSite Towers, LLC, which develops, manages, owns, and operates more than 400 telecommunications towers and sites for wireless carriers across the United States, Puerto Rico, and the U.S. Virgin Islands. More information on InSite’s business can be found at http://www.insitewireless.com/.

Portfolio News

$230 Million Financing Completed for Xplornet

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