Mobilitie Acquisition, Valuation, Funding & Investors

Mobilitie was acquired by BAI Communications for $1.7B in June 2021.

Mobilitie acquisition price

$1.7B

Acquired by BAI Communications · Jun 2021

Cumulative funding Mobilitie raised

$100M

across 1 funding round

Key investors in Mobilitie

  • Shamrock Capital Advisors

Mobilitie Overview

About Mobilitie

Mobilitie is a Newport Beach-headquartered infrastructure provider for wireless carriers. The company develops, operates, and leases towers, distributed antenna systems for indoor and outdoor coverage, and small cells supporting 4G and 5G networks across the U.S.


Founded

2005

HQ

United StatesLos Angeles, CA

Status

Acquired

Customer focus

B2B

Revenue model

Usage-based

Valuation

$1.7B (acquired Jun 2021)

Mobilitie Acquisition

Mobilitie was acquired by BAI Communications for $1.7B on 28 June 2021.

Before the acquisition Mobilitie had raised $100M across 1 funding round.

Mobilitie is one of the largest privately-held telecommunications infrastructure companies in the United States, specializing in 5G wireless infrastructure including distributed antenna systems (DAS), small cells, towers, and connectivity for public venues and transit systems such as those in Seattle and the San Francisco Bay Area. Its portfolio encompassed 220 venues across 39 states, 10,000 small cells across 45 states, and 300 tower sites across 14 states. Backed by Shamrock Capital since 2013 with $100 million in equity for expansion, Mobilitie was acquired by BAI Communications, a global communications infrastructure provider with operations including Transit Wireless in the US. The acquisition, agreed in June 2021 and closed later that year, significantly expanded BAI's North American footprint, combining Mobilitie's outdoor and indoor 5G assets with BAI's transit and urban connectivity expertise to position BAI as a leading 5G connected infrastructure player. The deal was subject to regulatory clearances and strategically supported BAI's growth in neutral host infrastructure, transit communications, smart cities, and public safety services across North America, the UK, and Europe. Deal value was reported as nearly $1.7 billion, surpassing an earlier $1.3 billion estimate when Canada Pension Plan Investment Board was a potential buyer.

Mobilitie acquisition details
AcquirerDateTypePrice
  • BAI Communications
28 Jun 2021Strategic M&A$1.7B

Mobilitie Funding History

Mobilitie has raised a total of $100M across 1 funding round.

Mobilitie funding rounds

Mobilitie funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2013Undisclosed stageShamrock Capital Advisors (lead)$100MMobilitie is a wireless infrastructure provider headquartered in Newport Beach, California, specializing in the deployment and management of distributed antenna systems (DAS), small cell technology, and wireless communication infrastructure across the United States. The company focuses on serving high-traffic public venues, transit systems, and urban environments with 5G-capable connectivity solutions. In 2013, Shamrock Capital Advisors invested $100 million in equity capital in Mobilitie to support the deployment of high-speed DAS infrastructure and small cell technology. Following this investment, Mobilitie grew significantly to become the largest privately-held wireless infrastructure firm in the nation, with its portfolio expanding to include 220 venues across 39 states, 10,000 small cells across 45 states, and 300 tower sites across 14 states, along with public transit system agreements in Seattle and the San Francisco Bay Area. The company remained independent until June 2021, when BAI Communications acquired Mobilitie from Shamrock Capital in a transaction that positioned BAI as a leading 5G infrastructure provider in North America.

Who has invested in Mobilitie?

1 investor has backed Mobilitie across its funding rounds, including Shamrock Capital Advisors.

Lead investors include Shamrock Capital Advisors.


Mobilitie Investors

Investors in Mobilitie by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Mobilitie

Mobilitie has acquired 1 company to date.

Last acquisition by Mobilitie was on May 12th 2022. Mobilitie acquired Signal Point for undisclosed valuation.


Latest Acquisitions by Mobilitie

Signal Point
Description
Signal Point is a telecommunications infrastructure provider serving U.S. military bases. The company designs, builds, and maintains communication networks, fiber optic systems, and wireless solutions tailored for defense installations nationwide.
HQ CountryUnited States
HQ City
Atlanta, GA
Deal Date12 May 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Mobilitie Competitors

Mobilitie competitors include listed companies like Liberty Latin America, SUNeVision, Cetc Potevio Science and Tower Bersama, and private ones like Reggefiber and BBL Company.

Public and private companies comparable to Mobilitie
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Liberty Latin AmericaPuerto RicoPuerto RicoPublicly listed$4.4B$909M$1.7B2.3x
SUNeVisionHong KongHong KongPublicly listed$374M$266M$1.6B8.9x
ReggefiberNetherlandsEnschedePrivate--$1.8B-
Cetc Potevio ScienceChinaChinaPublicly listed$728M$25M$1.6B-
Tower BersamaIndonesiaIndonesiaPublicly listed$390M$290M$1.8B8.9x
BBL CompanyNetherlandsGroningenPrivate--$2.2B-

Mobilitie Public Comps

Mobilitie is no longer listed, but its public comps include Liberty Latin America, SUNeVision, Cetc Potevio Science, Tower Bersama, Anterix, Browave, Sarana Menara Nusantara, China Bester Group, Rai Way and Chorus.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Liberty Latin America$4.4B$909M2.2x2.3x11.0x6.2x
SUNeVision$374M$266M9.8x8.9x13.7x12.1x
Cetc Potevio Science$728M$25M2.0x-57.6x-
Tower Bersama$390M$290M9.0x8.9x12.1x10.4x
Anterix$7M($29M)216.3x103.4x(47.7x)(46.7x)
Browave$70M$19M26.8x26.2x96.3x89.2x
Sarana Menara Nusantara$751M$537M5.3x5.1x7.4x6.4x
China Bester Group$484M$98M3.7x3.7x18.3x27.1x

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Common questions about Mobilitie

When was Mobilitie founded?Mobilitie was founded in 2005.
Where is Mobilitie headquartered?Mobilitie is headquartered in Los Angeles, CA, United States.
Is Mobilitie publicly listed?No, Mobilitie was acquired by BAI Communications in June 2021.
Who acquired Mobilitie?Mobilitie was acquired by BAI Communications in June 2021.
How much was Mobilitie acquired for?Mobilitie was acquired for $1.7B in June 2021.
How much funding has Mobilitie raised?Mobilitie has raised $100M across 1 funding round.
What was Mobilitie's last funding round?Mobilitie's last funding round was a $100M undisclosed-stage round in February 2013, led by Shamrock Capital Advisors.
Who are Mobilitie's investors?Mobilitie's investors include Shamrock Capital Advisors.
Which companies are comparable to Mobilitie?Companies comparable to Mobilitie include Liberty Latin America, SUNeVision, Reggefiber, Cetc Potevio Science, Tower Bersama and BBL Company.
How many companies has Mobilitie acquired?Mobilitie has acquired 1 company, including Signal Point.

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