NewPath Acquired by Crown Castle
Crown Castle International Corp. (NYSE:CCI) announced that it has completed its acquisition of NewPath Networks, Inc. (”NewPath”), one of the leading providers of distributed antenna systems (”DAS”). DAS is a network of antennas connected by fiber to a communications hub designed to facilitate wireless communications services for multiple operators. In connection with the acquisition, Mike Kavanagh, co-founder and Chief Executive Officer of NewPath, has joined Crown Castle’s U.S. operations as President of DAS operations.
“We are pleased to be combining the NewPath and Crown Castle DAS teams to capture opportunities in the market and provide customized infrastructure solutions to wireless carriers,” stated Mr. Kavanagh.
“Increasingly, we believe that distributed antenna systems will be an important complement to traditional tower installations,” said Ben Moreland, Crown Castle President and Chief Executive Officer. “We are pleased with our acquisition of NewPath, which furthers our ability to extend wireless infrastructure beyond those areas served by traditional towers, thereby broadening our service offering in this growing market.”
