NTelos, a regional wireless operator, serving 270K subscribers in VA and WV, sold the last of its cell towers to a private equity firm last month. Grain Management bought 103 cell towers for $41 million (~$400K per tower) and will lease back to nTelos with the option to reserve capacity. In December, nTelos sold its 1900 MHz spectrum licenses for $56 million to T-Mobile. NTelos stated that it is scaling back its eastern presence to build out in the west, where it currently serves just 180K subscribers. We’ll keep you updated. Read More
This article is general information only. It is not legal advice, it does not create…
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