Mobilitie Raises $1B Through Sale Of Towers, Sites

[Techtaffy Newsdesk]

Mobilitie has raised $1.1 billion in capital through a sale of over 2,300 United States and LATAM tower and DAS sites to SBA Communications. The transaction, subject to customary closing conditions, is expected to close in April 2012.

Mobilitie will utilize proceeds from the sale to buy down existing debt and fuel continued growth plans of building and operating wireless infrastructure, says the company.

Christos Karmis (President, Mobilitie): As the wireless industry continues to evolve with exponentially higher data demands, DAS and Wi-Fi networks will become a more critical solution for carriers to offload their macro networks.

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.