Norfolk Southern, TowerCo Partner to Expand Broadband and Wireless Infrastructure Development

 

May 23, 2022 -- Cary, NC -- TowerCo announced its strategic partnership with Norfolk Southern Corporation (NYSE: NSC) to expand market opportunities to develop wireless infrastructure along Norfolk Southern’s rights-of-way and industrial real estate parcels. Wireless carriers seeking to increase their broadband infrastructure through new communications towers, can leverage Norfolk Southern’s robust real estate portfolio along more than 19,300 miles of track in 22 states and the District of Columbia.

“Most wireless carriers operate in territories that mirror our service area; so this is a natural opportunity to leverage property where towers can be built,” said Kathleen Smith, Vice President of Business Development and Real Estate at Norfolk Southern. “Technology is at the heart of how we are transforming our business. Leveraging this partnership with TowerCo will allow us to expand the reach of our real estate offerings portfolio while incorporating new tools and capabilities to enhance our operations.”

As part of the partnership, Norfolk Southern will have the right to reserve space on the towers to install new or relocated railroad communications equipment that will help the company enhance its signaling and two-way communications infrastructure.

TowerCo is an industry leader specializing in developing towers for colocation. It owns, builds, and manages a portfolio of communication towers and properties for colocation, including over 6000 land and rooftop assets and over 1300 owned and managed towers.

“The TowerCo team is excited about this new partnership with Norfolk Southern to bring development opportunities for wireless infrastructure along their railroad right-of-way and industrial real estate parcels,” said Todd Boyer, CEO of TowerCo. “We have worked closely with Norfolk Southern over the last six months to streamline their process for wireless infrastructure deployment with more predictability. This opens up access to a vast amount of desirable real estate in urban and suburban markets to make it easier for carriers to optimize their networks.”

About TowerCo:

Founded in 2004, TowerCo is a wireless infrastructure company that builds, owns and manages communication towers and properties. The company offers build-to-suit and colocation to bridge the gap between carriers, landlords and municipalities with infrastructure that makes communication better for individuals and communities. TowerCo owns, builds and manages a portfolio of communication towers and properties for colocation, including over 6000 land and rooftop assets and over 1300 owned and managed towers. The company has extensive experience working with wireless carriers, state agencies, municipalities, schools and private landowners. Visit https://towerco.com/ to learn more.

About Norfolk Southern

Norfolk Southern Corporation (NYSE: NSC) is one of the nation’s premier transportation companies, moving the goods and materials that drive the U.S. economy. Norfolk Southern connects customers to markets and communities to economic opportunity, with safe, reliable, and sustainable shipping solutions. The company’s service area includes 22 states and the District of Columbia, every major container port in the eastern United States, and a majority of the U.S. population and manufacturing base.

TowerCo Media Inquiries

Todd Boyer, 919-625-5160

Norfolk Southern Media Inquiries

Media Relations, 404-420-4444

Investor Inquiries

Meghan Achimasi, 470-867-4807