Tower owner and management company Vertical Bridge has signed a five-year agreement with Univision Communications to manage its 66 broadcast towers across the U.S.
Terms of the private transaction were not disclosed.
With the deal, Vertical Bridge’s portfolio of broadcast towers it owns or manages now exceeds 1,200 .
In total, the company owns or manages more than 45,000 sites including tower, rooftop, billboard, utility attachments and other site locations across the nation.
Alex Gellman, Vertical Bridge’s CEO, said, “These towers are all well-suited for deployment of broadcast, public safety, and wireless infrastructure. Additionally, as the tallest portfolio on average in the United States, Vertical Bridge’s sites are ideal for over the top point to multi-point delivery of video and internet services.”
John Eck, Chief Local Media Officer at Univision, added, “Partnering with Vertical Bridge allows us to leverage their industry expertise to maximize the ROI on our owned tower portfolio, while we continue to focus our day-to-day broadcast operations in both TV and radio. This relationship with Vertical Bridge will help us maximize the value and flexibility of our communications infrastructure.”
The agreement with UCI is the latest in a string of broadcast asset agreements for Vertical Bridge. Other notable broadcast tower deals recently completed include agreements with or the purchase of assets from iHeartMedia, Townsquare Media, Alpha Media and Cherry Creek Radio.