FALLS CHURCH, Va.-Spectrum Resources Tower L.P. announced yesterday that New York-based Veronis, Suhler and Associates Inc. has agreed to invest $60 million in the company.
Along with bank debt, the investment gives Spectrum well over $100 million to use in the acquisition of new and existing communications towers.
Spectrum president and chief executive officer, Carlos Roberts, said, “this investment will allow us to aggressively pursue the acquisition of towers nationwide, and our goal is to utilize a major portion of the funding before the end of 1998.”
