Grande Towers Secures Acquisition of Altice USA's Tower Assets to Expand National Presence

Grande Towers Expands with Strategic Acquisition of Altice USA's Tower Assets

Grande Towers, a notable independent provider of wireless infrastructure, has announced its plans to acquire tower assets from Altice USA, marking a pivotal moment in its expansion strategy. The definitive agreement was revealed on May 12, 2025, with the transaction anticipated to close in the early part of the third quarter of 2025.

This acquisition is set to broaden Grande Towers' national footprint significantly, adding over 200 new towers across critical markets in the United States. The move is aimed at bolstering GTC's capability as a key player in advancing next-generation wireless networks, enabling carriers to accommodate the escalating demand for 5G and high-speed broadband connectivity.

Tony Peduto, the CEO of Grande Towers, expressed enthusiasm over the agreement, stating, "We are thrilled to announce this milestone transaction. The addition of these high-quality tower assets aligns with our long-term strategy of expanding our infrastructure to meet the evolving needs of our carrier partners and customers. GTC's team brings extensive expertise from previously working with towers owned by cable television operators, ensuring customer deployments will be swift and non-disruptive."

The backing of Norwest, the investment firm that has supported Grande Towers since 2023, underscores the potential impact of this acquisition. Dave Zilberman, a general partner at Norwest, remarked, "This transaction represents a transformational moment for Grande Towers and the broader wireless infrastructure landscape. We believe Grande Towers is well-positioned to lead in this increasingly connected world."

As GTC prepares for this significant transition, it is committed to working closely with Altice USA to ensure ongoing operational excellence and continued reliability for its existing tenants, minimizing disruptions during the integration process.

Grande Towers has established itself as a premier owner and operator of wireless infrastructure solutions crucial for mobile network operators, broadband providers, and public sector clients. With a growing collection of strategically placed towers, the company plays a vital role in enhancing connectivity across various U.S. markets.

Norwest, recognized as a global venture and growth equity investment firm managing over $15.5 billion, has played an instrumental role in GTC's trajectory. The firm has invested in more than 700 companies and currently partners with over 250 organizations across critical sectors, emphasizing enterprise, healthcare, and consumer industries. With extensive networks and operating experience, Norwest aims to help CEOs and founders scale their businesses effectively, while maintaining offices in key locations such as Menlo Park and San Francisco, California, as well as in India and Israel.

As the telecommunications sector evolves, the acquisition of Altice USA's tower assets promises to position Grande Towers at the forefront of an increasingly connected landscape, ready to meet the demands for faster and more reliable wireless services. The strategic alignment of these assets strengthens GTC's mission to support sustainable growth and innovation in wireless connectivity, ensuring a brighter future for its partners and clients alike.