Technology Magazine January 2023 | Page 265

“ After six months , we had exceeded all expectations , even though there was much more competition coming into the market ”

DAN HASSELMAN CO-CEO , APWIRELESS
Taking the company public & the consequent pace of growth The nature of APWireless is that it is a highly capital-intensive business . As a result , when the company made the decision to go public , the opportunity was created for it to extend its outreach and enter a period of rapid growth .
“ When we went public , it created a big opportunity because of the inflow of new capital ,” Hasselman explains .
“ It provided us with an opportunity with additional capital to go out and invest in related asset classes . The core business model , which is acquiring ground and rooftop leases , is a very predictable business from a CapEx investment perspective , so with an influx of new capital we started investing in alternative assets to deploy the capital quicker .”
“ We expanded our investment criteria and found critical infrastructure assets that closely mirror our ground and rooftop lease assets , which is , simply put , a triple-net , passive real-estate investment . Essentially , it ’ s any type of lease underlying critical infrastructure of the telecom operators . We started to buy telecoms switches or fibre aggregation points , as well as acquiring distributed antenna systems . In addition , we started investing in data centres as a complement to the same type of critical
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