National Grid Wireless Acquires ClearShot Communications
BOXBOROUGH, MA—October 3, 2006—National Grid Wireless today announced it has acquired ClearShot Communications, LLC from ClearShot Holdings, LLC.
The acquisition adds a portfolio of 235 towers to the company’s existing base of over 200 towers, expanding operations across the Eastern and Central United States. ClearShot will be integrated into National Grid Wireless’ existing US wireless infrastructure business and will bring, in addition to its towers, long-term contracts with wireless carriers.
“We are excited about this acquisition,” said Doug Wiest, CEO of National Grid Wireless US. “We see it as another stepping stone on our path to making tower infrastructure a more material part of our business. By combining the strength and reach of both National Grid Wireless and ClearShot, we will be able to deliver more infrastructure solutions to our customers in the Northeast, as well as expand our offerings to customers in the Southeast and Central regions of the United States.”
This purchase is consistent with the company’s strategy to expand its business through both internal growth and strategic acquisition, providing more wireless infrastructure and service options for its clients. In the US, National Grid Wireless’ customers include national wireless carriers and regional wireless operators who require network deployments from site leasing and development to comprehensive managed infrastructure solutions.
“We believe National Grid Wireless will be a solid business partner for ClearShot,” said Brooke Dolan, CEO of ClearShot. “Their strategic outlook and shared customer driven philosophy in the use of our tower assets supports the expansion of this important infrastructure.”
About National Grid Wireless
National Grid Wireless US is a leading full service provider of turnkey wireless infrastructure, fiber networks and wireless services throughout the United States. We provide core expertise in all aspects of site deployment, from single sites to large, capital-intensive, technically advanced systems and networks. National Grid Wireless, with US operations headquartered in Boxborough, MA, is a wholly owned subsidiary of National Grid, the fourth largest publicly held utility in the world.