What is TowerCo?
TowerCo is a leading privately held wireless infrastructure company in the United States, specializing in the development, acquisition, ownership, and management of wireless communication towers and assets. With over 25 years of industry experience and a portfolio of 15,000 tower, land, and rooftop assets nationwide, TowerCo partners with wireless operators, landowners, and municipalities to empower connectivity. Their services include Build-to-Suit solutions, colocation, acquisitions, and co-development partnerships, all tailored to meet the specific needs of their clients. TowerCo is committed to delivering creative, localized solutions that facilitate the growth of communications infrastructure.
How much funding has TowerCo raised?
TowerCo has raised a total of $420M across 4 funding rounds:
Unspecified
$50M
Private Equity
$300M
Other Financing Round
$40M
Other Financing Round
$30M
Unspecified (2004): $50M, investors not publicly disclosed
Private Equity (2019): $300M led by Peppertree Capital Management
Other Financing Round (2024): $40M supported by Oesterreichische Entwicklungsbank, European Investment Bank, and BIO Invest
Other Financing Round (2024): $30M featuring British International Investment
Key Investors in TowerCo
British International Investment
British International Investment is the development finance institution of the UK government, responsible for supporting private sector growth in developing countries through investment financing and advisory services.
Oesterreichische Entwicklungsbank
OeEB is an Austrian development bank that finances and supports projects in developing and emerging countries, focusing on economically viable and developmentally meaningful initiatives.
European Investment Bank
Established in 1958, the European Investment Bank (EIB) is the European Union's nonprofit long-term lending and finance institution, headquartered in Luxembourg.
What's next for TowerCo?
The recent major strategic investment in TowerCo signals a robust commitment to further developing and expanding its wireless infrastructure. This capital infusion is expected to fuel strategic initiatives, potentially including the acquisition of new assets, the enhancement of existing tower sites to support 5G and future technologies, and the expansion of its Build-to-Suit services. TowerCo's focus on empowering connectivity through partnerships with operators, landowners, and municipalities positions it for continued growth and influence in the dynamic telecommunications landscape.
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