CTI Towers, an owner and manager of wireless towers and a portfolio company of Palistar Capital, has purchased 56 towers in North Dakota from SRT Communications, the state’s largest telecommunications cooperative. Financial terms were not disclosed.
Based in Morrisville, N.C., CTI Towers is one of the largest private-tower companies in the United States. Founded in 2011 with an investment from Comcast Ventures, the company was acquired by Palistar in 2020. The company owns, manages and/or markets more than 1,800 wireless-communications towers across the United States and leases space on its towers to the major wireless carriers, including AT&T, DISH, T-Mobile and Verizon, as well as to broadcasters, utility companies, internet service providers and government entities.
In December 2023, CTI Towers announced the acquisition rights for 525 towers in Louisiana, Texas, North Carolina, South Carolina and California from Conterra Ultra Broadband Holdings. The acquisiti