Symphony Towers Infrastructure is actively looking to acquire wireless tower assets following its merger with wireless towers company CTI Towers, CEO Bernard Borghei said.
The combined company, backed by Palistar Capital, is interested in buying tower assets ranging from one to 500 anywhere across the US. Tower assets can include small cells on rooftops, billboards, and other structures as well as large free-standing tower structures, he said.
When asked about ideal asset size for acquisition, Borghei said the purchase price of the asset of the portfolio could be a couple of billion dollars.
“I don’t have a cap on what I’m willing to buy and how large, if the opportunity makes sense,” he said. “We have the financial support from Palistar to compete, and we just have to make the case to our investment committee that this would be something strategic and right for us to acquire.”
