After Fredericksburg, TX, TechDash Telecom ran out of cash when investment funding fell through, and they were aware that one of their lenders would be shortly filing a lawsuit since a note for $4,000,000 had matured, and the company was in default for nonpayment, the turnkey infrastructure company closed its doors on September 11, 2023, according to information obtained by …
‘Real world’ lanyard testing video shows concerns that will be detailed in upcoming NATE SEMC white paper
NATE: The Communications Infrastructure Contractors Association unveiled a video today highlighting a recent fall arrest lanyard testing event that the Safety Equipment Manufacturers Committee (SEMC) held at the University of Dayton Research Institute in Dayton, Ohio. The #ClimberConnection video conducts a deep dive into SEMC’s protocols and procedures that were implemented to test fall arrest lanyards by replicating how they …
Karmen Rajamani joins WIA as VP of Government Affairs, bringing a wealth of towerco experience
The Wireless Infrastructure Association (WIA) today announced that Karmen Rajamani has been hired as Vice President, Government Affairs, effective September 5, 2023. Rajamani joins WIA from Crown Castle where she was Vice President of Government Affairs working with state and local governments to drive tower, fiber, and small cell deployments nationwide. At WIA, while supporting all advocacy efforts, she will …
State of industry contracting and numerous topics on agenda at NATE WIN Rocky Mountain conference
NATE Wireless Industry Network (WIN) is has announced the speakers and sessions for the upcoming NATE WIN Rocky Mountain Regional Conference to be held on Wednesday, October 4, in Centennial (Denver), Colorado. The agenda is crafted to address key issues occurring in the industry right now, and how companies can adapt in these uncertain times. Topics discussed at the conference will …
It’s a big no from T-Mo to Dish’s extension request to lower its interest rates for spectrum funding
T-Mobile US and parent Deutsche Telecom told the U.S. District Court for the District of Columbia that Dish Network can’t shove off its requirement to finance a $3.6 billion divestiture of T-Mobile simply because interest rates are considerably higher today than they were three years ago, T-Mobile informed the federal court Friday. Dish had asked the court to amend the …
San Antonio cell tower arsonist faces up to 140 years after he pleads guilty to eight counts
A San Antonio, Texas man pleaded guilty in federal court in San Antonio on Thursday to eight charges in two indictments related to arson and felon in possession of a firearm. According to court documents, Sean Aaron Smith, 29, maliciously attempted to damage and destroy, by means of fire, multiple cellular telephone towers around San Antonio between April 2021 and …
Vertical Bridge lawsuit says 30-foot tower near Finley Point, Montana won’t fly
Vertical Bridge filed a lawsuit last week against Lake County, Montana, stating that there is a well-known gap in mobile coverage near the Finley Point area of Polson, Montana, and an unnamed carrier wants to fix it. Still, Vertical Bridge claims that Lake County’s onerous restriction of only allowing a 30-foot tall tower violates the towerco’s “federal rights” under the …
With Frontier or Verizon as a possible anchor, Tillman FiberCo, gets a $500 million investment deal
Tillman FiberCo, LLC and private investment firm Northleaf Capital Partners today announced a strategic partnership where Northleaf is funding Tillman FiberCo with an initial investment of $200 million, with the potential to invest up to $300 million more as Tillman FiberCo scales its operations. The new company will build and operate its own open access facilities-based fiber network to deliver …
U.S. Cellular stock almost doubles after announcement it is being readied for the auction block
The boards of directors of Telephone and Data Systems, Inc. and United States Cellular Corporation have decided to initiate a process to explore strategic alternatives for U.S. Cellular. The comprehensive process will explore a range of strategic options. “The TDS board believes that now is the right time for a comprehensive review of strategic alternatives for U.C. Cellular. We will …
DigitalBridge says it will continue to profit from providing the picks and shovels for Gen AI that is edge delivered
DigitalBridge stock gained 1.2% in Friday trading after the company turned in much stronger than expected Q2 revenue and said it remains on track for its $8.0B fundraising target. During the Q2 analysts call, CEO Marc Ganzi’s message of “promises made, promises kept” appeared to resonate with shareholders as DBRG in pre-market this morning was up 4.23% at $16.73. Ganzi said the company …
DigitalBridge is betting a quarter billion dollars on its competitors becoming more profitable
On Monday, during its second-quarter earnings call, SBA Communications cited a slowdown in U.S. carrier activity, similar to previous announcements by American Tower Corp. and Crown Castle, whose Q2 activity had declined a whopping 50%. DigitalBridge Group, whose tower arm Vertical Bridge has 11,000 owned and master-leased towers, will release its quarterly report on Friday and takes no comfort in …
Lawsuit relies upon Wall Street Journal reporting about toxic lead-sheathed cable buried underground
UPDATE – August 2, 2023 – On Tuesday, Verizon investors filed a similar lawsuit in Pennsylvania federal court to AT&T’s securities fraud lawsuit, stating the carrier lied about the health and safety risks associated with its network of lead-sheathed cables, leading to a decline in Verizon stock after The Wall Street Journal’s articles exposed the toxic cables that are still in …
Incline acquires GME Supply as the company positions itself for additional product lines and growth
Platte River Equity, a Denver-based private equity firm, announced the sale of GME Supply Co. to Incline Equity Partners. GME is a premier critical worker safety and productivity supplier distributor to field-deployed technicians serving multiple infrastructure end markets. “Platte River’s investment played a pivotal role in the acceleration of our growth and development. We are confident that Incline shares our dedication …
AT&T says Mississippi county is stiffing it for relocation costs after they were forced off private property
AT&T is suing Rankin County, MS, in U.S. District Court for Southern Mississippi, for relocation expenses incurred when the county required the carrier to move its distribution and other equipment for a road expansion project from a leased easement from a private property owner that it had acquired in 1991. AT&T alleges that after Rankin County announced that it would widen …
As telecom infrastructure builds stall, some carriers are faced with a new dilemma, toxic lead cables
Shares of AT&T Inc fell more than 5% yesterday, reaching their lowest level in thirty years, after analysts downgraded the stock following a Wall Street Journal report last week that said the telecommunications giant left toxic lead cables buried across the United States. The investigative article said that Verizon and other carriers also abandoned the underground lead cables, possibly contaminating …
Doctor Joyce examines a tower site to appreciate how the industry can assist in curing the digital divide
Although Crown Castle’s safety protocols do not require having a medical doctor on a tower site when technicians are present, one was available for Novotech Construction’s safety-conscious tower techs recently should a medical emergency present itself during a recent tower compound visit by Pennsylvania Congressman John Joyce. Dr. Joyce has represented Pennsylvania’s 13th Congressional District since January 2019 and has …
QualTek is close to emerging from bankruptcy as stockholders lose all of their equity
QualTek Services, Inc., currently in a Chapter 11 bankruptcy reorganization, knew that its stock would be delisted from the NASDAQ stock market after it was notified on January 5, 2023, that if its listed securities didn’t reach a minimum bid price of $1 for 30 consecutive days through July 5, 2023, the company’s shares would be delisted. NASDAQ made it …
Collecting $3 million from an ISP will be a tough road to hoe for American Tower and Crown Castle with its $386k
American Tower Corp. (ATC) has filed a lawsuit against a wireless and satellite internet, phone, and DISH television provider, alleging it stopped paying rent payments on 60 of its structures on November 24, 2021. ATC says it is due $2,891,885 plus attorneys’ fees and other costs from TPT SpeedConnect, LLC. SpeedConnect advertises that it is proud of the role it …
Nexius, owing $600 million to creditors, shoveled millions to a supplier in Beirut before filing bankruptcy
In 2001, brothers Nabil and Ned Taleb co-founded Nexius in a two-bedroom Virginia apartment. They continued to bootstrap their first year’s revenues of $1 million to a multi-corporation self-performing wireless industry enterprise that boosted revenues to $1 billion in 2022. But cash is king, and they ran out of it last year and sought Chapter 7 bankruptcy protection three weeks …
Virginia broadband railroad crossing fee lawsuit says one price endangers site safety
The Association of American Railroads wants a new Virginia law streamlining broadband providers’ access to railroad property invalidated. In a federal court lawsuit, it alleges that it amounts to an illegal taking and violates both the state and U.S. constitutions. They said it treats railroads, unlike any other landowner, “seizing from them and giving broadband service providers a permanent easement …
