Everest Infrastructure has expanded its U.S. footprint with the acquisition of 70 telecommunications towers from Tower Ventures. The sites are spread across 24 states in the southern and western regions of the United States, further strengthening Everest’s position in key growth markets.
Although the financial terms of the deal were not disclosed, the newly acquired towers are expected to enhance Everest’s capacity to support the ongoing rollout of 5G networks. Approximately 83% of the portfolio already hosts broadband tenants, indicating strong leasing potential in the near term.
The towers are largely newly built, located in areas identified as having high demand for wireless infrastructure. This aligns with Everest’s broader strategy to build and acquire assets that support high-speed mobile connectivity and evolving digital requirements.
The addition brings Everest’s U.S. tower count close to 2,000, with the company operating more than 2,500 sites globally. Founded in 2015, Everest now manages assets in the United States, Australia and New Zealand, and land leases in Portugal.
Tower Ventures, based in Memphis, Tennessee, currently owns more than 400 towers nationwide. The company has been active in offloading parts of its portfolio, having previously sold 202 towers to Phoenix Tower International.
This latest transaction follows a series of strategic moves by Everest in the international market, including its recent purchase of tower assets from Australian telecommunications provider Vertel and the acquisition of Portuguese lease aggregator Blue Sites Telco. Last year, the company also acquired 75 towers from CNS Microwave.
The deal underscores the ongoing consolidation within the tower sector, driven by growing demand for mobile connectivity and the infrastructure needed to support it. Everest’s acquisition spree reflects broader market trends as operators seek to scale quickly to meet the demands of next-generation wireless technology.
