InSite Wireless Group, LLC Goes International with the Acquisition of Majority Interest in Canadian Company Turris Sites Inc.

With its investment in Turris Sites, InSite Wireless Group adds more than 45 Canadian sites to its existing wireless communications tower portfolio—expanding the company’s reach beyond the United States and its territories.

InSite Wireless Group, LLC ("InSite"), owner, operator and manager of wireless communication tower site facilities and distributed antenna systems (DAS) across the United States, Puerto Rico, and the U.S. Virgin Islands, today announced its investment in Turris Sites Inc. (“Turris”), a leading owner, operator and manager of wireless communication tower site facilities in Canada. Pursuant to the purchase agreement, InSite acquired a 54% equity interest in Turris. Turris will continue to be led by its existing management team headed by President John Wahba and COO Rick Sullivan.

David E. Weisman, President and CEO of InSite, describes the new partnership as groundbreaking. “The Canadian tower market represents a significant growth opportunity for us. We’re delighted to be partnering with an experienced management team with a keen understanding of the local marketplace.”

For the full press release:
http://www.prweb.com/releases/2012/12/prweb10241489.htm

Cox Enterprises to Invest in InSite Wireless Group, LLC; Partnership to Focus on Continued Growth

Cox Enterprises, Inc. (CEI) and its subsidiary Cox Communications (CCI) today announced an investment in InSite Wireless Group, LLC (“InSite”). Under terms of the agreement, CCI will contribute approximately 150 of its existing wireless towers while CEI will make an additional cash investment in InSite.

“InSite, its investors, and its employees are enthusiastic about this new relationship with Cox,” said David E. Weisman, president and CEO of InSite. “We view this as a unique opportunity not only to add to our current tower portfolio, but also to continue the strong growth of both our tower and DAS divisions as we benefit from Cox’s equity investment, as well as their knowledge and expertise in the communications sector.”

The transaction is scheduled to close May 31, 2012. Wells Fargo served as financial advisor to Cox and Dow Lohnes PLLC provided legal counsel. InSite was represented by Kirkland & Ellis LLP and Sullivan & Worcester LLP, with advisory assistance from InSite investor Catalyst Investors.

For the full version of Cox’s press release: http://www.prnewswire.com/news-releases/cox-enterprises-to-invest-in-insite-wireless-group-llc-148108985.html

T-Mobile Expands Service on MBTA to the Blue and Green Lines

In partnership with the Massachusetts Bay Transportation Authority (MBTA) and InSite Wireless, LLC, today T-Mobile USA announced the official launch of new T-Mobile wireless service on the Blue and Green lines of The T in Boston. With the expansion, T-Mobile has nearly doubled its underground service to 13 miles of coverage and 26 underground stops.

T-Mobile first brought service to The T in 2007 and will continue to partner with InSite Wireless and  MBTA to expand service to the remaining subway lines.

“We are excited to continue to partner with the MBTA and T-Mobile to expand wireless coverage in the subway for Boston commuters,” said David E. Weisman, president and CEO, InSite Wireless. “By working with the MBTA and T-Mobile, we are able to continue to make Boston a technological hub and provide state-of-the-art connectivity to residents and visitors alike.”

For the full version of T-Mobile's press release:
http://www.businesswire.com/news/home/20120326006637/en

For a link to the Boston Herald article on T-Mobile's expanded service on MBTA:
http://www.bostonherald.com/jobfind/news/technology/view.bg?articleid=1061120275&srvc=rss