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Independent Towers Holdings LLC Receives $7.5 Million Funding to Develop Broadband Wireless Communications Towers

8/27/09 - Independent Towers Holdings LLC, a wireless communications tower company, announced it has signed a tower development agreement with Tarpon Towers LLC. The agreement commits up to $7.5 Million in financial support to Independent Towers to develop and acquire 30 or more sites in the Northeastern United States.

"We have reviewed the operations of numerous tower developers," Ronald Bizick, CEO of Tarpon Towers, stated, "and we are extremely excited to be able to team with the professionals of Independent Towers."

The demand for wireless communications infrastructure is being driven by increasing voice and data usage, new wireless technologies (3G, 4G, LTE & WiMax) and the growing need for broadband access. As more people and businesses depend on cellular phones and other wireless devices, there is market demand for well-located cell sites in underserved areas.

"Our focus is on infrastructure development in underserved areas of the Northeast," said John Stevens, Independent Towers president. "Our joint venture with Tarpon Towers supports meeting the demand for high-quality tower sites in these markets."

Independent Towers has been developing wireless communications infrastructure throughout the continental USA since 2002. Headquartered in Latham, NY, Independent Towers is actively developing sites in Upstate New York, Western Massachusetts, Vermont, New Hampshire and Connecticut.

By Robert Hoskins

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