BAI Communications buy Mobilitie
28 Jun 2021
BAI Communications, which is majority-owned by the Canada Pension Plan Investment Board (CPPIB), has agreed to acquire privately held U.S.-based network infrastructure company Mobilitie, saying that the purchase “represents a major expansion” of its business in North America.
The acquisition, which is expected to close in the third quarter of this year, “significantly extends BAI’s footprint coast-to-coast across one of the world’s fastest growing connected infrastructure markets,” BAI said, and is “a significant step in BAI Communications’ growth strategy, supporting its move towards becoming one of the leading connected infrastructure 5G players in North America, as well as globally.”
BAI operates neutral-host networks in Australia, Hong Kong, Canada, the United Kingdom and the U.S., where it is the majority owner of Transit Wireless, which serves the New York City subway system with wireless connectivity. The company also serves the subway systems in Toronto and Hong Kong, and just last week, BAI was also awarded a 20-year concession by Transport for London to provide high-speed mobile communications across the London Underground.