MCLEAN, Va.—Shared Towers Inc. said it received an unspecified amount of funding from Virginia Capital for its new tower acquisition and development company, Shared Tower Sites L.L.C.
The new company is expected to focus primarily on acquisitions of towers from developers and wireless carriers.
“We will be looking for opportunities primarily in the eastern Untied States that meet our goal of creating tower assets at attractive locations,” said Kamal Doshi, president of Shared Towers and chief executive officer of Shared Tower Sites.
Virginia Capital is a $50 million private equity firm based in Richmond, Va.
