Macquarie-owned infrastructure operator Global Tower Partners (GTP) is up for sale, according to a Reuters report citing a person familiar with the asset.
The US towerco, bought by the Australian group from Blackstone for an enterprise value of US$1.4bn…
Macquarie-owned infrastructure operator Global Tower Partners (GTP) is up for sale, according to a Reuters report citing a person familiar with the asset.
The US towerco, bought by the Australian group from Blackstone for an enterprise value of US$1.4bn in 2007, could be sold for more than US$4bn to other infrastructure funds or tower operators, the report said.
Macquarie declined to comment on the report and GTP did not reply to a request for comment before the press deadline.
Floridian GTP describes itself as the largest privately-owned tower operator in the US and the country’s fourth largest towerco. It owns, manages or master leases more than 16,000 wireless sites worldwide, 6,400 of which are in the US, Mexico and Costa Rica.
GTP is owned by a consortium of funds managed by Macquarie Group, including Macquarie Infrastructure Partners and Macquarie Infrastructure Partners II, and by its senior management team.
It trails the big three operators American Tower, SBA Communications and Crown Castle International – all listed companies – in the US tower market.
