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India, once the darling of tower companies looking to expand their international footprint, is not where towercos might want to be today with the potential for a considerable tenancy drop if Vodafone Idea collapses under the weight of government license fees totaling $6.2 billion that are due by January 23, 2020. Vodafone Idea may not be able to pay the …
MTN’s Africa and Uganda joint venture acquired by American Tower for $523 Million
American Tower Corporation has reached an agreement for the acquisition of MTN’s 49% stakes in the company’s joint ventures in Ghana and Uganda. Valued at approximately $523 million, the deal is due to close by March subject to the standard regulatory conditions. The news follows American Towers’ completion of its purchase of Eaton Towers Holdings which will add 5,700 communications …
Industry veteran Mitch Henry named as Chief of Staff at CTI Towers
Longtime tower industry veteran Mitch Henry has been named Chief of Staff at CTI Towers. In his new position, Henry will be responsible for managing the day-to-day operations at the company. “I have known Mitch for almost 20 years and have the utmost admiration for him. He has a complete understanding of the business and has a keen sense of …
American Tower and SBA’s tower source in Brazil has now become their key competitor
For many years, both SBA Communications and American Tower Corp. have eyed Brazil as an excellent country to buy and build wireless infrastructure to serve the world’s fifth-largest country with 210 million people. Adding to their portfolios, in 2012 American Tower acquired 1,800 towers from Telefonica’s Vivo. Also, in 2012, SBA inked a deal for 800 towers from Vivo …
Oklahoma Congressman Mullin’s American Tower site visit captured in NATE video
NATE today released a video highlighting U.S. Congressman Markwayne Mullin’s (R-OK) recent site visit to an American Tower-owned communications tower located in Muskogee, Oklahoma. Congressman Mullin represents Oklahoma’s 2nd Congressional District and is a member of the influential House Energy and Commerce Committee where he has championed important communications and workforce development legislation. The video shines a spotlight on the …
‘Pay to play’ Avetta has industry’s contractors concerned about it becoming a monopoly
Concerns about the time, expense and frustration of contractors that are forced to use client onboarding companies such as BROWZ and Avetta surfaced on January 30, 2019, when Wireless Estimator released the survey results of financial and administrative roadblocks set up by carriers and towercos that could derail America’s race to 5G. Two weeks later on February 14, 2019, Avetta announced the …
Day of remembrance includes American Tower subsidiary’s 13 employees who died on September 11
The pain of the world will be revisited each year on this day of remembrance and prayer, especially for those at a tower company who knew many of those people in a sister company who died in the collapse of the twin towers on September 11, 2001. General Telecom, a subsidiary of American Tower Corporation, with headquarters on the 83rd …
American Tower stock spikes following AT&T lease deal and its Grain 400 tower buy
In a post Labor Day down day on Wall Street with the DOW losing over 340 points at noon, American Tower Corp.’s (ATC) stock was up $6.70 largely based upon an announcement that the towerco has signed a new long-term agreement with AT&T. In a separate statement, Grain Management announced that they have completed the sale of their nationwide wireless …
In America’s most barren broadband district, Congressman Mullin tours an ATC tower site
On Monday, U.S. Congressman Markwayne Mullin (R-OK) conducted a site visit to a communications tower located in Muskogee, Oklahoma. The tour was facilitated by representatives from the National Association of Tower Erectors (NATE), the Association’s Wireless Industry Network (WIN) and American Tower Corporation. The site visit was held at an American Tower-owned self-supporting cell tower site that is located in …
ATC says Air Advantage is taking advantage of them by not paying rent since 2015
American Tower Corp. filed a lawsuit last Friday against Air Advantage LLC of Frankenmuth, Michigan for not paying rent on 28 towers the company owns. Air Advantage, an internet provider for both wireless and fiber-based internet, executed the agreements between 2011 and 2013 that all used the same standard contract form and language that allowed a late payment fee to …
5G’s future could literally be full of hot air…and drones leads Fast Forward Friday articles
Article Media 5G’s Future Could Literally Be Full of Hot Air… And Drones LightReading Verizon competing with telecom company to replace Chico water tower Enterprise-Record New network for first responders raises concern among media The Washington Post FCC Chairman cautions India, says 5G can impact national security Inc42 Senators debut bill to boost broadband map accuracy MeriTalk Maine bill to …
TIRAP elects new leadership with American Tower’s Paul Roberts at the helm
The Wireless Infrastructure Association (WIA) announced that Paul Roberts, Vice President, Compliance, American Tower Corporation, was elected to serve as Chairperson of WIA’s Telecommunications Industry Registered Apprenticeship Program (TIRAP) Executive Board. A new slate of officers was also elected. Other newly elected officers include: Vice Chairperson, Beau Aero, President and Founder, GME Supply Co.; Chairperson Emeritus, David Sams, Vice President …
American Tower picks up 5,500 African market towers for $1.85 billion
American Tower Corporation today announced that it has entered into a definitive agreement to acquire Eaton Towers Holding Limited, which owns and operates approximately 5,500 communications sites across five African markets. As a result of the transaction, the company also expects to accelerate new build activity across the region due to expanded relationships with multiple key tenants. The total consideration …
Telecom tower and infrastructure veteran Dudley Norman passes at 85
Dudley Norman, 85, husband, father, friend and Vice President of Subcarrier Communications, passed away April 25 in Houston, Tex. Norman, a veteran of the US Marine Corp, was a leader in the telecommunications and tower industry. He was responsible for the acquisition of tower sites and the procurement of rooftop management contracts in the Southwest region. Norman possessed decades of …
Lack of towercos’ aviation compliance could result in 7,000 towers heading for the scrap yard
After three years of negotiations between the Nigeria Civil Aviation Authority (NCAA) and the Association of Licensed Telecommunications Operators of Nigeria (ALTON) to address annual tower owner certification concerns hit an impasse, the NCAA said it was going to exercise its authority and if within 30 days towercos didn’t obtain statutory Aviation Height Clearance (AHC) for all of their structures …
SBA breaks the prized $200 mark and Crown to break ground for a 13-story 420K square-foot headquarters
SBA Communications (SBA) made another record high today with its stock closing at $201.49, the first towerco of the big three ever to break the prized $200 plateau. The day’s range was from $199.87 to a record high of $201.99. American Tower closed at $196.22, Crown Castle at $128.51. SBA will be releasing its first quarter result on April 29. In …
Ugly cell sites can be rejected leads 20 Fast-Forward Friday news stories
Article Media San Francision can reject 5G equipment it views as too ugly Bloomberg SC school district’s cell phone tower program draws scrutiny FITSNews WIA’s Adelstein: 5G deployment faces a skills gap RCR Wireless News How a Trump admin ruling could hurt effort to improve data coverage in Syracuse’s poor areas Syracuse.com Deadline to adopt and publish small cell facility …
American Tower’s stock goes through the ceiling as Crown Castle and SBA reach record highs
American Tower Corp. (AMT) reached record high trades this morning of $187.80, shrugging off analyst Jim Cramer’s March 4 bearish outlook on the stock when it was $178.57. On March 11, ATC rewarded investors by hiking its dividend to 90 cents. Eight executives had planned stock sales on March 10 at a price of $181.61 per share, with the largest …
Rescue crews still searching for victims following 23 tornado deaths
Rescue crews are still searching this morning for victims underneath smashed homes, trees and other debris caused by a tornado that ripped through Alabama Sunday afternoon, overwhelming the Lee County coroner’s office. Lee County Sheriff Jay Jones says crews with dogs and drones have combed over the hardest-hit areas, but there are many other areas that they still have not …
Contractor survey uncovers some startling financial statistics that could trigger a 5G train wreck
In their drive to lower capex as they roll out 5G, carriers have created a troubling national Achille’s heel – a contractor base that has many companies swimming in debt with serious cash flow problems, according to results of an extensive nationwide survey taken by Wireless Estimator. The wireless contractor survey that was completed last quarter by 263 vetted companies, clearly indicates that …
