InSite Wireless, LLC Acquires Distributed Antenna System (“DAS”) Sites from Dianet Communications, Inc.
Jul 20, 2011
InSite Wireless, LLC, owner, operator, and manager of distributed antenna systems in public and private venues across the United States, today announced that it has closed on the initial purchase of DAS facilities and related assets from Dianet Communications, Inc. Under the terms of its Definitive Purchase Agreement, InSite has acquired the wireless system infrastructure and all customer license agreements pertaining to the DAS operations at 30 Rockefeller Center in New York City and at the Atlantic City Convention Center in Atlantic City, NJ.
“This acquisition creates significant strategic value for InSite Wireless and expands our DAS presence in the Northeast into the New York/New Jersey area,” stated David E. Weisman, InSite’s President and CEO. “We are pleased to add these attractive and well-known venues to our DAS portfolio.”
Full press release.