Mobilitie LLC said it has closed a USD325 million debt investment.
Led by CIT Bank, N.A., and TD Securities (USA), LLC, the investment will continue to fuel the exponential growth of the company´s Distributed Antenna Systems (DAS), Small Cell, Communication Tower and Wi-Fi business investments.
Mobilitie´s announcement comes as industry forecasts point to a significant increase in mobile data traffic, with the Cellular Telephone Industries Association (CTIA) predicting that 2019 mobile data traffic will reach nearly 600 percent the amount used in 2014. An increase in mobile data use will require massive network investments capable of providing the coverage and capacity needed across the country.
Mobilitie´s partners include all major wireless carriers, and sports and entertainment arenas such as Arrowhead Stadium, home of the Kansas City Chiefs, Edward Jones Dome, home of the St. Louis Rams, the Honda Center, home of the Anaheim Ducks, Verizon Center, home of the Washington Wizards, Tropicana Field, home of the Tampa Bay Rays, Toyota Park, home of the Chicago Fire Soccer Club, and Churchill Downs, home of the Kentucky Derby. Mobilitie also owns and operates the largest Carrier Grade Wi-Fi Network in the world in Las Vegas through a partnership with MGM Resorts.
Mobilitie is the largest privately-held wireless infrastructure provider in the United States. Mobilitie finances, owns, and operates DAS, Small Cell, Wi-Fi networks, communication towers, as well as other infrastructure used by wireless carriers. Mobilitie is headquartered in Newport Beach, California with regional offices across the United States.