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Founded Year



Private Equity | Alive

Total Raised


Last Raised

$300M | 4 yrs ago

About TowerCo

TowerCo is a pure-play tower company with the straightforward mission of meeting the infrastructure needs of wireless service providers.

Headquarters Location

112 Towerview Court

Cary, North Carolina, 27513,

United States


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TowerCo Patents

TowerCo has filed 7 patents.

patents chart

Application Date

Grant Date


Related Topics




Feature detection (computer vision), Geolocation, Wood products, Engineered wood, Electric power distribution


Application Date


Grant Date



Related Topics

Feature detection (computer vision), Geolocation, Wood products, Engineered wood, Electric power distribution



Latest TowerCo News

Saudi Telecom Buys Mobile Tower Unit in Europe from United Group

Apr 22, 2023

Saudi Telecom Buys Mobile Tower Unit in Europe from United Group Posted on 04/22/2023 On April 20, 2022, United Group BV reached an agreement to sell 100% of its mobile tower infrastructure unit in Bulgaria, Croatia, and Slovenia (TowerCo) to TAWAL, a subsidiary of stc Group (Saudi Telecom Company). The transaction values TowerCo, comprising more than 4,800 towers, at €1,220 million on a cash free and debt free basis, fully payable in cash, which represents an EV / 2022 EBITDA (pre IFRS 16) multiple of 20.1x. United Group’s sale of its mobile towers follows an industry trend of separating and monetizing mobile tower infrastructure by telecom operators in Europe and globally. Proceeds from the sale will allow United Group to significantly delever the business, freeing up cash flow for future growth. The transaction will enable continued investment in the mobile network including plans to roll out aroundd 2,000 additional sites over the next 20 years, which will allow United Group to continue providing high quality service to its customers on a long-term basis. The transaction is the first investment made by TAWAL in the European telecoms sector. TAWAL is the largest integrated ICT infrastructure provider in the MENA region and owns a portfolio of more than 16,000 mobile towers. In the past three years, United Group has cemented its position as the leading multi-play telecoms and media company in Southeast Europe. United Group is majority owned by BC Partners, a private equity firm. Advisors Goldman Sachs acted as financial adviser to United Group on the transaction. United Group will report its FY results on Monday. The terms of the transaction include long term Master Services Agreements and a Service Level Agreement for our continued use of the telecommunications towers infrastructure following completion of the transaction. The closing of the transaction is subject to customary conditions and is expected to take place during the second half of 2023.

TowerCo Frequently Asked Questions (FAQ)

  • When was TowerCo founded?

    TowerCo was founded in 2004.

  • Where is TowerCo's headquarters?

    TowerCo's headquarters is located at 112 Towerview Court, Cary.

  • What is TowerCo's latest funding round?

    TowerCo's latest funding round is Private Equity.

  • How much did TowerCo raise?

    TowerCo raised a total of $300M.

  • Who are the investors of TowerCo?

    Investors of TowerCo include Peppertree Capital Management, Cercano Management, Tailwind Capital and Soros Fund Management.

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