CTI Towers, Inc. ("CTI Towers"), a owner and manager of wireless towers and a portfolio company of Palistar Capital LP, an alternative asset manager focused on mission-critical communications and digital infrastructure, today announced the purchase of 56 towers in North Dakota from SRT Communications Inc. ("SRT"), the state's largest telecommunications cooperative. The acquisition significantly expands CTI Towers' footprint in the region.
"We are excited to announce this transaction, which will provide crucial 5G access to end users in a rural area," said David Bacino, CEO of CTI Towers. "As we continue to expand our portfolio of wireless infrastructure assets, CTI is proud to share that we now own and manage over 1,800 towers throughout the U.S."