Press Releases

Vertical Bridge Charitable Network Surpasses $14 Million in Philanthropic Giving

BOCA RATON, FL – February 13, 2025 – Vertical Bridge REIT, LLC (“Vertical Bridge” or “the Company”), the largest private owner and operator of communications infrastructure in the United States, today announced that Vertical Bridge Charitable Network (“VBCN”) surpassed $14 million in cash donations and completed over 10,000 hours of volunteer time since initiating the philanthropy program in 2014.

Vertical Bridge Completes $3.3 Billion Tower Transaction with Verizon

BOCA RATON, FL – December 23, 2024 – Vertical Bridge today announced that it has closed its previously announced transaction with Verizon Communications Inc., providing 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.

Verizon and Vertical Bridge Agree to $3.3 Billion Tower Transaction

NEW YORK, NY & BOCA RATON, FL – September 30, 2024 – Verizon Communications Inc.(NYSE, Nasdaq: VZ) and Vertical Bridge today announced they have entered into a definitive agreement for Vertical Bridge to obtain the exclusive rights to lease, operate and manage 6,339 wireless communications towers across all 50 states and Washington, D.C. from subsidiaries of Verizon for approximately $3.3 billion, including certain commercial benefits.

Shenandoah Telecommunications Company to Sell its Towers for $310 Million

EDINBURG, VA – March 01, 2024 – Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced that it has entered into a Purchase and Sale Agreement with Vertical Bridge Holdco, LLC (“Vertical Bridge”) to sell its tower portfolio and operations (“Tower Portfolio”) to Vertical Bridge for $310.3 million in cash (the “Transaction”).

Vertical Bridge Charitable Network Reaches New Milestone with Over $11 Million in Philanthropic Giving

BOCA RATON, FL – February 28, 2024 – Vertical Bridge REIT, LLC (“Vertical Bridge”) the largest private owner and operator of communications infrastructure in the United States, today announced that Vertical Bridge Charitable Network (“VBCN”) surpassed $11.8 million in cash donations and completed over 7,200 hours of volunteer time since initiating the philanthropy program in2014. During that time VBCN has also matched over $380,000 in employee contributions and donated to more than 900 meaningful causes. VBCN is an employee-led initiative created to empower Vertical Bridge, its investors, and employees to support charitable organizations in their surrounding communities.

Vertical Bridge Strengthens Leadership Team and Welcomes Two New Senior Vice Presidents

BOCA RATON, FL – February 14, 2024 – Vertical Bridge REIT, LLC (“Vertical Bridge” or “the Company”), the largest private owner and operator of communications infrastructure in the United States, today announced the hiring of Allison Cannella and Peter Appel, effective February 12, 2024. Ms. Cannella joins as Senior Vice President and General Counsel, and Mr. Appel joins as Senior Vice President of Mergers & Acquisitions and Corporate Development.

Vertical Bridge Elevates Two Key Executives to COO and EVP

BOCA RATON, FL – December 21, 2023 – Vertical Bridge REIT, LLC (“Vertical Bridge” or “the Company”), the largest private owner and operator of communications infrastructure in the United States, today announced the promotion of Bob Glosson to Executive Vice President and Chief Operating Officer, and Blair Crawford to Executive Vice President of Leasing & Marketing, effective January 1, 2024.

Vertical Bridge Welcomes Angel Ruiz to Board of Directors

BOCA RATON, FL – October 25, 2023 – Vertical Bridge REIT, LLC (“Vertical Bridge” or “the Company”), the largest private owner and operator of communications infrastructure in the United States, announced the appointment of Angel Ruiz to its Board of Directors today.

The Wireless Hall of Fame Celebrated the Induction of Four Wireless Hall of Fame Members

WASHINGTON, DC – October 11, 2023 – (BUSINESS WIRE) - Four individuals joined the 76 wireless industry pioneers and innovators inducted into the prestigious Wireless Hall of Fame. The event, hosted by the Wireless History Foundation (WHF), a nonprofit organization that has honored the hall of fame members for over fifteen years, celebrated Meredith Attwell Baker, Alex Gellman, Rob Mechaley and Ed Whitacre.