Mobilitie Acquires Signal Point to Boost 5G on US Military Bases
2022-05-17 14:37:00| Source:RCRWireless
Mobilitie enables multi-carrier 5G connectivity for mobile network operators, large enterprises, and municipal and government customers
U.S. wireless infrastructure provider Mobilitie has reached an agreement to acquire Signal Point Systems, a telecommunications infrastructure provider focused on U.S. military bases, the former said in a release.
The acquisition will unite both telecommunication specialists under a common ownership structure with a shared mission to accelerate 5G and broadband connectivity for the members of the armed services and their families living and working on base, the companies said.
“Signal Point is a natural fit with Mobilitie and fully aligns with our strategy to continue being the leading neutral host provider of outdoor and indoor wireless solutions in the U.S.,” said Christos Karmis, CEO of Mobilitie. “Combining Signal Point with Mobilitie will allow us to collectively accelerate 5G and fiber-based broadband connectivity to U.S. military personnel across the country. We all owe the great men and women of our military, along with their families, a great deal of gratitude and respect for their service and honor the sacrifices they make to provide the backbone of U.S. and global security. Mobilitie and Signal Point are committed to bringing the benefits of 5G and ubiquitous broadband connectivity to our armed forces throughout the country.”
“With our mission of providing wireless and fiber broadband connectivity to U.S. military bases at scale, it was critical for Signal Point to join forces with an industry leader, and we are incredibly pleased to be joining Mobilitie,” said Phil Carrow, CEO of Signal Point. “Mobilitie has the national scale, technical resources, and operational support to ensure we deliver not only current 5G connectivity, but also the next generation of wireless connectivity solutions. We look forward to accelerating unparalleled and ubiquitous connectivity across U.S. military bases.”
“I’m confident Mobilitie’s acquisition of Signal Point will exceed the expectations of the U.S. military, provide world-class 5G connectivity to U.S. military members and their families, and create the foundation for the ‘smart’ military bases of tomorrow,” said Lieutenant General Michael Ferriter (Ret.), senior military advisor to Signal Point.
Mobilitie said it will integrate operations and will conduct business as Signal Point on military bases and across Department of Defense facilities.
The acquisition closed on May 11, 2022.
Signal Point’s core focus is developing towers, small cells, fiber, and in-building solutions on military installations and Department of Defense facilities and communities adjacent to those military installations.
In 2021, Mobilitie was acquired by BAI Communications, which is majority-owned by the Canada Pension Plan Investment Board (CPPIB). BAI operates neutral-host networks in Australia, Hong Kong, Canada, the United Kingdom and the U.S.