Everest /
Tower Portfolio
Everest to purchase Commnet tower portfolio sites




Source for the buyer and target: ATN International, Inc.
For the buyer and target.
“The Transaction Agreement contemplates Everest’s acquisition of the Tower Portfolio (the “ Transaction ”) through Everest’s purchase of membership interests in a Delaware limited liability company (the “ Sale Site Subsidiary ” and, together with the Commnet Parties and Everest, the “ Parties ”) that is to be formed prior to the Initial Closing (as defined below) and to which the Commnet Parties will transfer and convey all of the Commnet Parties’ respective rights and interests in the Tower Portfolio.”
Published 13 Feb 2026
Open the sourceWhat happened
Everest agreed to purchase the Tower Portfolio from the Commnet Parties under a Purchase and Sale Agreement dated Feb. 11, 2026. The portfolio includes approximately 214 tower sites. [01]
The transaction provides for up to $297 million in cash consideration, subject to adjustments and prorations. [01]
The source
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Everest to purchase Commnet tower portfolio sites
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Announced
“Everest to purchase Commnet tower portfolio sites Everest agreed to purchase the Tower Portfolio from the Commnet Parties under a Purchase and Sale Agreement dated Feb. 11, 2026”
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