WORCESTER, Mass.-Optasite Inc., a wireless services firm that provides acquisition, cell site construction, testing and maintenance services, said it has received $10 million in financing.
The company plans to use the new capital to develop and acquire wireless tower assets, initially in the Northeast and Mid-Atlantic regions. The financing round was co-led by Columbia Capital Partners, Highland Capital Partners and Centennial Ventures.
“We are excited to have the opportunity to work with investors who offer such a unique blend of financial capability, industry knowledge and market experience that highly complements our management team’s track record of success in this sector,” said Jim Eisenstein, Optasite’s chairman and chief executive officer. “We believe that the market dynamics here in the Northeast, and in many other areas of the country, are ideal for an energetic, disciplined company to thrive and become a new meaningful player in the tower sector.”
Eisenstein co-founded and served as chief development officer of American Tower Corp., and later served as CEO of in-building wireless services provider Concourse Communications Group L.L.C.
