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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 …
Comments on contractor roadblocks set up by carriers that will derail America’s 5G race
Deeply concerned about the unsustainable state of wireless contracting, company executives provided 328 optional comments in Wireless Estimator’s extensive survey that was unveiled today. Armed with anonymity, it’s not possible to verify the accuracy of their statements. But it’s clear that their comments, in most cases, were well-thought-out summaries of the difficulties they are facing as carrier capex cuts, extended …
Carriers either ignore or are unaware of contractors’ higher than average truck roll expenses
Wireless contractors can’t be profitable with the hourly rates set by carriers and turfing contractors in many markets or the rates that they have to use to successfully win a bid, according to company executives who registered their concerns in an extensive nation-wide survey taken by Wireless Estimator that will be released this week. “They treat us like we’re a …
Services set for Feb. 2, 2019 for American Tower founder Steven Dodge
UPDATE: January 28, 2019 – Services have been announced for American Tower founder Steven Dodge who passed away Jan. 17, 2019 following a bicycle accident. Dodge is survived by wife of 44 years Anne Dodge (Bonita Springs, FL), sons Tom Dodge (Manchester, MA), Ben Dodge (Cohasset, MA), daughter Kristen Dodge (Kinderhook, NY), five grandchildren, and brothers Lowell Dodge (Boulder, CO), …
Starting his career in the 60s, Richard Heisler passes away at age 73 in Texas
Long-time industry professional, Richard ‘Dick’ Heisler, 73, passed away in Dallas, Tex. on Jan. 19, 2019. Dick was employed in telecommunications his entire life. He worked with Advanced Industries out of Sioux City, IA in the 60s, and owned and operated Iowa Tower Erection in the 70s. Heisler managed the Coast to Coast Microwave system buildout for MCI in the …
National Wireless Safety Alliance announces Board of Governors leadership appointments
The National Wireless Safety Alliance (NWSA) has announced that Jim Coleman, National Tower Safety Manager at AT&T, and Paul Roberts, Vice President of Compliance at American Tower Corporation, have been appointed to serve as Chairman and Vice Chairman respectively, of the organization’s Board of Governors. NWSA also announced that J. John Barker, Partner of Barker MacEntee PLLC, Richard Cullum, Director of …
Mobile infrastructure industry pioneers honored at WIA Hall of Fame ceremony
Five titans of technology were honored last night in Washington by the Wireless Infrastructure Association during its inaugural Mobile Infrastructure Industry Hall of Fame ceremony. The ceremony honored trailblazers who have shaped the wireless infrastructure landscape. Federal Communications Commission Chairman Ajit Pai delivered opening remarks. The five inductees were Neville R. Ray, Executive Vice President and Chief Technology Officer of T-Mobile; Steven E. Bernstein, founder …
Tata exits 30,000 American Tower leases for a payment of $320 million
Tata Teleservices is settling with American Tower for $320 million following its early exit from 30,000 tower leases in India after it sold its mobility business to Bharti Airtel. The sale paves the way for the Tata group to close its agreement with Bharti Airtel which required that the conglomerate would need to clear all liabilities from earlier agreements. The telco entered …
American Tower’s TV Azteca loan lawsuit is settled with a $92 million agreement
Mexico’s TV Azteca said on Tuesday that it had paid American Tower what it owed for a $92 million loan plus interest, resolving a bitter dispute that ended in a lawsuit and clouded the company’s credit profile. As part of the agreement, TV Azteca paid $53 million in cash plus interest to American Tower, the company said in its Q3 report. The …
Industry’s first-ever influential contractor survey’s deadline is October 10
Make your company’s concerns count As wireless contractors are acutely aware, contractor firms in the industry have experienced trends that have seen payment terms go from 30 days to 60 days, and now are settling in at 90 to 120 days, placing an undue financial burden on contractor companies. It’s not whether these terms could potentially compromise safety and hinder …
Puech picked to succeed Hess in American Tower executive leadership change
American Tower Corp. today announced changes to its senior management team. William H. Hess intends to step down from his position as Executive Vice President, International Operations and President, Latin America and EMEA, effective October 1, 2018. Olivier Puech, who has been with American Tower for approximately five years, will succeed Hess in the role of Executive Vice President and …
Hurricane Florence’s ‘ground zero’ cell tower starts to be battered by storm’s outer rain bands
There was no collective sigh of relief from wireless infrastructure technicians and management as Hurricane Florence was downgraded from a Category 4 to a Category 2 storm early this morning. Instead, news that the storm has widened and may stay over the coast of the Carolinas for a longer period of time, causing extensive flooding and cell site fuel resupply …
Firefighters secure the safety of 20 towers in Holy Fire flareup
When the Holy Fire in the Santa Ana mountains in California was contained on Sunday, tower owners gave out a collective sigh of relief. However, yesterday morning the Cleveland National Forest reported new activity around 10 a.m. as flames were heading towards Santiago Peak, home to approximately 20 communication towers. However, crews battled the unexpected flareup using air tankers and …
Verizon’s ‘Bubba’ remark angering community is first in dozens of Fast-Forward Friday articles
Fast-Forward Friday is Wireless Estimator’s latest news offering that provides an overview of relevant industry news stories presented during the week by other media that were not covered by our staff, along with a link to the article to go upstream and read it in its entirety. After all, the articles’ authors did all the heavy lifting, and capsuling their content and …
Nation takes a deep dive into contractor obstacles threatening 5G with industry supported survey
Wireless contractors have recently raised the distinct possibility that due to what they identify as ‘onerous’ payment terms and other issues created by carriers and tower owners, the industry could see a shakeout, and all of the recent successful legislative moves to speed up the implementation of 5G in America could be stymied as cash flow problems keep contractors from …
Vondran given reins after Marshall’s nine-year successful reign as American Tower’s U.S. tower chief
American Tower Corp. (ATC) today announced changes to its U.S. Tower senior management team. The company said in a press release that Steven Marshall intends to step down from his position as Executive Vice President and President, U.S. Tower Division, effective August 1, 2018. Steve Vondran, who has been with ATC for approximately 18 years, will succeed Marshall in this …
