In February, Cumulus Media said that the company was considering selling its tower portfolio of 250 sites across 32 states to increase its liquidity and pay down debt. On Friday, the deal was inked with Vertical Bridge picking up the assets for $213 million. Previously, CFO John Abbot said that he believes that the multiples being paid as the tower industry …
SBA is doubling down on data centers after successful Chicago edge experiment
SBA Communications jumped into edge computing almost a year ago with the purchase of Chicago data center New Continuum to learn how to maximize their interest in the growing field that their competitors were taking an active role in, and the experiment was successful. During Monday’s Q2 earnings call, CEO Jeffrey Stoops announced that the company has bought their second …
Complī takes on industry giant Avetta to provide a risk management compliance alternative
World-wide vendor management leader Avetta which appears to have the oil and gas and other industries locked up now has a formidable competitor in wireless, Complī, a platform available from ABIS Solutions, a leading technology firm that has made inroads with NATE: The Communications Infrastructure Contractors Association and the National Wireless Safety Alliance (NWSA). Introducing the company’s qualification and compliance software …
Top towerco execs enthusiastic about the industry’s future
Executives gave upbeat assessments of the tower industry on the “View From the Top: Tower Executive Roundtable,” moderated by Jonathan Adelstein, President and CEO of the Wireless Industry Association during its virtual Connect (X) All Access conference yesterday afternoon. Panelists included Jay Brown, President and Chief Executive Officer, Crown Castle; Alex Gellman, Chief Executive Officer, Vertical Bridge; Jeffrey Stoops, President …
Tower techs still road warriors as COVID-19 cancels industry’s shows and non-essential travel
Last week, most wireless infrastructure companies were supporting a mostly “business as usual” mentality regarding the COVID-19 outbreak, but they’re now reassessing their preventative plans daily as the industry finds itself struggling to keep abreast of the almost hourly information being provided by news media, health organizations and government agencies. Bernard Borghei, Executive Vice President of Operations, Vertical Bridge REIT, LLC, …
NATE’s quarter century show expected to be the best ever
Raleigh, North Carolina will host NATE UNITE 2020 beginning Monday as communications infrastructure contractors and suppliers come together to benefit from the association’s 25th conference and exposition, widely regarded as the premier wireless infrastructure show in the nation. Trying to identify the best educational or training sessions to attend is challenging because they’re all exceptional and are being presented by …
Borghei, Chase and Vink appointed to guide Tower Family Foundation’s visibility and outreach
The Tower Family Foundation announced today appointments to the non-profit organization’s leadership team. Bernard Borghei and Eric Chase have been chosen to serve on the foundation’s Board of Directors and Monica Vink has been appointed to the organization’s Endowment Committee. Borghei and Chase will help provide overall governance and stewardship to the Foundation and play a leading role enhancing the …
Court to decide if City of Colorado Springs monopole can be beefed up by Vertical Bridge
Vertical Bridge Development, LLC has filed a complaint with the U.S. District Court for the District of Colorado for a ruling that the City of Colorado Springs is violating federal laws by not allowing the company to modify an existing tower that does not substantially change the physical dimensions of the tower. According to the complaint, Vertical Bridge manages a …
Vertical Bridge closes out the year with record-breaking philanthropy funding driven by employees
Vertical Bridge REIT, LLC, the largest private owner and operator of communications infrastructure in the United States, has announced that, with its matched employee donations, it has donated more than $1.5 million to charitable organizations in 2019. This is the firm’s largest annual contribution since its founding in 2014 and a nearly 20% increase over last year. Since Vertical Bridge’s founding …
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 …
Canada’s CDPQ jumps into telecom with a 30% stake in Vertical Bridge
In their first foray into telecom, $310 billion institutional investor Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s biggest retirement fund managers, has announced it has reached an agreement to acquire a thirty percent stake in the main operating subsidiary of Vertical Bridge Holdings, LLC, the largest private owner and operator of communications infrastructure in the United States. Vertical Bridge …
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 …
‘Disruptive’ Vertical Bridge celebrates tremendous growth with 266,000 sites in just four years
Vertical Bridge Holdings, LLC, the largest private owner and operator of communications infrastructure in the United States, today announced that it has grown its portfolio to 266,000 owned, master-leased and right-to-master sites. The company, which is entering its fifth year of operations, also announced that it has built more than 500 macro towers for U.S. telecommunications carriers to date, with …
Allan Tantillo joins Vertical Bridge as VP of New Technologies
Vertical Bridge Holdings, LLC, the largest private owner and operator of communications infrastructure in the United States, announced that Allan Tantillo has joined the company as Vice President of New Technologies. In his new role, Tantillo will focus on identifying and creating opportunities that help clients deploy new wireless technologies utilizing Vertical Bridge’s wide range of assets. “These are exciting …
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 …
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 …
Vertical Bridge’s collection chances increase with iHeartMedia bankruptcy court action
Vertical Bridge, one of bankrupt iHeartMedia’s largest unsecured creditors, might have a better chance at securing its past due lease revenues following a filing from iHeartMedia’s unsecured creditors to a Texas bankruptcy judge on Monday that could affect the media giant’s creditors’ Chapter 11 recoveries. The committee of unsecured creditors want to prosecute and settle claims based upon allegations that many …
