Charter Communications, Inc. is a publicly traded leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states through its Spectrum brand
In 2023, Charter sought to divest their non-core tower assets, which had amassed significant value from strong third-party leasing revenue across their 500+ tower site portfolio
The portfolio’s revenue is anchored by high-quality tenants, with national wireless carriers representing over 90% of annual revenue
With a heavy concentration of assets in California and New England, the geographically diverse portfolio covers 37 states with many of the towers located at mission-critical facilities
These Multi-Use sites are highly sensitive locations for Charter’s core businesses and as such Charter required the Buyer to adopt specific access and operating procedures to enable a strong relationship with Charter post-close
Everest Solutions
Everest’s executive management team was directly involved in all due diligence to ensure efficient transaction execution
Everest’s best-in-class in-house due diligence capabilities facilitated a clear and efficient path to closing and caused no disruption to Charter’s core business operations
Everest provided Charter with a trustworthy long-term partner that has substantial financial resources and will continue to support Charter’s tenancy on applicable tower locations throughout the portfolio
Charter and Everest continue to collaborate on many projects with operational and strategic significance to both parties
Everest prides itself on our ability to continuously provide Sellers with closing certainty
and best-in-class transaction execution
