Mobilitie closes $325 million debt to expand network infrastructure

By Wendy Van Sickle

Columbus, Ohio, Nov. 10 – Mobilitie LLC closed $325 million of debt funding, according to a Tuesday press release.

The debt was led by CIT Bank, NA and TD Securities (USA), LLC and will be used to grow the company’s distributed antenna systems, small cell, communication tower and Wi-Fi businesses.

The company said an increase in mobile data usage anticipated by the industry will require massive network investments.

Mobilitie is a Newport Beach, Calif.-based wireless infrastructure provider.

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