Comcast Ventures Launches CTI Towers

Comcast Ventures, the venture capital arm of publicly traded Comcast Corp., has formed a new portfolio company: CTI Towers Inc. The company will own, operate, and develop telecommunications towers throughout the United States, the firm announced Wednesday. No terms of the investment were released. Anthony Peduto has been named chief executive of the new company. He was previously chief operating officer of Optasite, a company that acquired and developed telecommunications tower sites.

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