Global law firm Greenberg Traurig, LLP represented Vertical Bridge REIT, LLC (“Vertical Bridge”), the largest private owner and operator of communications infrastructure in the United States, in connection with the closing of its previously announced transaction with Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ). 

The deal, which was first announced in September, closed on December 23 and provides Vertical Bridge the exclusive rights to lease, operate, and manage more than 6,300 wireless communications towers across all 50 states from subsidiaries of Verizon for approximately $3.3 billion, including certain commercial benefits.

Vertical Bridge, headquartered in Boca Raton, Florida, was founded in 2014 and is the largest private owner and operator of communications infrastructure and locations in the United States, with a portfolio of more than 500,000 sites, including over 17,000 owned and master-leased towers. Vertical Bridge provides build-to-suit and colocation solutions to the wireless industry. The Company’s portfolio spreads across all 50 states and Puerto Rico.

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