November 17, 2016 — CS&L announced on Monday that its U.S. and Latin American tower and tower real estate assets will operate under the brand of Uniti Towers. Including assets from the Network Management Holdings acquisition (see story above), Uniti Towers has nearly 600 macro towers and more than 1,000 ground lease or tower-ready locations.
“The Uniti Tower strategy is to acquire and construct tower and tower real estate in the United States and Latin America,” Kenny Gunderman, president and CEO of CS&L, said during the Q3 earnings call. “We will focus on markets with strong macroeconomic fundamentals, politically stable environments and strong underlying communications growth trends.
“Specifically, we will focus on competitive communications markets where numerous investment grade international wireless carriers operate and where there is strong communications infrastructure potential due to underpenetrated 4G or even 3G technology,” he added.
Uniti Tower’s strategy includes providing build-to-suit tower construction in both in the United States and Latin America.
“Particularly with the entrance of AT&T into Latin America, we believe that our strategy of focusing on fiber and towers in the United States and Latin America is highly synergistic and will drive incremental attractive growth opportunities,” Gunderman said.
Lawrence Gleason has been named president of Uniti Towers. He joined CS&L when it acquired Summit Infrastructure earlier this year. Before being CEO and founder of Summit Infrastructure, he was with a large tower company for 13 years where he managed over 20,000 towers.
“We’re pleased to have Lawrence in this role and look forward to growing the business under his leadership,” Gunderson said. “In a short period of time, we have already made great progress on our Uniti Towers strategy.”