InSite Wireless Group, LLC announced that Macquarie Infrastructure Partners III—as part of an initial investment of approximately $280 million—has acquired a 42.5% equity interest in the company from Catalyst Investors II, L.P. and other minority investors. MIP III has also committed to additional future investments to promote InSite’s continued growth. InSite will continue to be led by its existing management team headed by co-founders David E. Weisman, President and CEO, and Lance C. Cawley, CFO. Cox Enterprises—and several of its subsidiaries—and Catalyst Investors IV, L.P. will continue to be investors in InSite.
Privately held wireless infrastructure firm InSite Wireless Group on May 12 announced its acquisition for undisclosed consideration of Capital Tower.
InSite Wireless Group, LLC (InSite) today announced that it has acquired 294 communication tower sites from CTI Towers, Inc. (CTI), a company in which Comcast Ventures is majority owner.
Lease Advisors, a leading cellular and billboard lease acquisition firm, today announced it has entered into a partnership with InSite Wireless Group, LLC (InSite).
Alexandria, Va.-based InSite Wireless, which is currently performing the installation of wireless service on the MBTA, recently announced that they have partnered with all the major wireless providers — Sprint, AT&T, Verizon,T-Mobile, and Comcast (for WiFi) — on the project so that all mobile users will have access to the Internet and phone services while riding the T.
InSite announced its plans to expand wireless coverage throughout the MBTA tunnel system by the end of 2012.
Catalyst Investors announced a follow-on investment in portfolio company InSite Wireless Group, LLC, owner, operator and manager of wireless communication tower site facilities and distributed antenna systems (DAS) across the United States, Puerto Rico, and the U.S. Virgin Islands. The new investment comes following an investment by Cox Enterprises, Inc.
InSite Wireless, LLC, has added DAS facilities at two prestigious venues in the New York and New Jersey area – 30 Rockefeller Center and the Atlantic City Convention Center – to its DAS operations as a result of a purchase agreement with Dianet Communications.