Chantilly cell tower B2B biz acquired by California company
SmallCellSite.com now part of Digital Locations
Chantilly-based SmallCellSite.com has been acquired by California’s Digital Locations Inc., a developer of 5G cell tower sites. The completed acquisition was announced on March 2. Financial terms of the acquisition were not disclosed.
The acquisition means that Digital Locations now has 80,000 prequalified wireless cell sites. SmallCellSite has nonexclusive agreements with site owners all over the U.S. to directly market the use of their properties to network operators, such as Verizon, AT&T and T-Mobile Sprint to build out their wireless networks.
“The acquisition of SmallCellSite represents a great leap forward for Digital Locations. This will allow us to participate in an ongoing flow of 5G site rental income from partnered properties rented to great tenants – the major 5G wireless carriers,” said Bill Beifuss, Digital Locations president, in a statement. “True 5G coverage in the U.S. simply cannot occur without a massive buildout of at least 1,000,000 small cell sites. The acquisition of SmallCellSite gives us a leg up in the race.”
The acquisition closed on Jan. 7, 2021, but the purchase was subject to recission based on acceptance by Digital Locations of an audit of SmallCellSite’s books and records. Digital Locations has accepted the audit and will not rescind the transaction.