Crown Castle Completes Acquisition of NewPath Networks
HOUSTON, Sep 8, 2010 (GlobeNewswire via COMTEX) --
Crown Castle International Corp. (NYSE:CCI) announced today that it has completed its previously announced acquisition of NewPath Networks, Inc. ("NewPath"), one of the leading providers of distributed antenna systems ("DAS"). DAS is a network of antennas connected by fiber to a communications hub designed to facilitate wireless communications services for multiple operators. In connection with the acquisition, Mike Kavanagh, co-founder and Chief Executive Officer of NewPath, has joined Crown Castle's U.S. operations as President of DAS operations.
"We are pleased to be combining the NewPath and Crown Castle DAS teams to capture opportunities in the market and provide customized infrastructure solutions to wireless carriers," stated Mr. Kavanagh.
"Increasingly, we believe that distributed antenna systems will be an important complement to traditional tower installations," said Ben Moreland, Crown Castle President and Chief Executive Officer. "We are pleased with our acquisition of NewPath, which furthers our ability to extend wireless infrastructure beyond those areas served by traditional towers, thereby broadening our service offering in this growing market."
About Crown Castle
Crown Castle owns, operates, and leases towers and other infrastructure for wireless communications. Crown Castle offers significant wireless communications coverage to 92 of the top 100 U.S. markets and to substantially all of the Australian population. Crown Castle owns, operates and manages over 22,000 and approximately 1,600 wireless communication sites in the U.S. and Australia, respectively. For more information on Crown Castle, please visit www.crowncastle.com.
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SOURCE: Crown Castle International Corp.
CONTACT: Crown Castle International Corp.
Jay Brown, CFO
Fiona McKone, VP - Finance