Digital Locations Completes Key Acquisition
Acquisition of SmallCellSite.com instantly catapults the Company into the 5G race with rights to develop 80,000 locations into revenue generation wireless cell sites
Digital Locations, Inc. (DLOC), a developer of cell tower sites for the 5G revolution, announced that all the conditions have been met and that it has completed the acquisition of SmallCellSite.com (SmallCellSite), a leading source of more than 80,000 pre-qualified wireless cell sites.
SmallCellSite has non-exclusive agreements with site owners all over the U.S. to directly offer the use of their properties to network operators, such as Verizon, AT&T and T-Mobile Sprint to build out their wireless networks.
SmallCellSite streamlines workflows and processes in cell site selection. With its interactive photos, maps, and detailed site information for more than 80,000 contracted properties, network carriers can select the real estate assets that best fit their needs from a list of willing property owners. SmallCellSite pre-qualifies properties to remove bottlenecks in the site identification process which:
- Speeds up implementation
- Enables repeatable process
- Reduces overall cost of small cell roll out
5G mobility is coming and property owners are in a great position to leverage the need for hundreds of thousands of new antenna sites – to serve their tenants and earn new revenue. SmallCellSite allows property owners to tap into a new source of revenue from digital tenants based on the location and profile of their properties, including buildings, poles, kiosks, billboards.
Bill Beifuss, the Company’s President said, “The acquisition of SmallCellSite represents a great leap forward for Digital Locations. This will allow us to participate in an ongoing flow of 5G site rental income from partnered properties rented to great tenants – the major 5G wireless carriers.”
Mr. Beifuss concluded, “True 5G coverage in the U.S. simply cannot occur without a massive buildout of at least 1,000,000 small cell sites. The acquisition of SmallCellSite gives us a leg up in the race. By partnering with property owners, we minimize the use of capital in a very capital-intensive industry. The leverage effect for Digital Locations can be enormous.”
Digital Locations’ acquisition of SmallCellSite closed on January 7, 2021. However, the purchase was subject to rescission based on acceptance by Digital Locations of an audit of the SmallCellSite books and records. Digital Locations has accepted the audit and will not rescind the transaction.