When American Tower Corporation (ATC)) released its Q3 earnings report on October 26, 2023, analysts were pleased with the company, beating its earnings per share of $1.26 by 11.51%. The company also had a surprise increase in revenue of 2.10% at $2.82 billion. Although ATC cautioned that its 2024 expectations might be slightly lower since annual 5G investments by U.S. …
Two more telecoms receive rip and replace extensions, one says it has problems paying its contractors
The FCC has extended the deadline for two more companies to rip and replace Huawei and ZTE Chinese-made network equipment in the Secure and Trusted Communications Networks Reimbursement Program. Both companies said the lack of funding was their primary concern, causing one company to delay contractor payments. However, last week, the Biden administration asked Congress for an additional $3.1 billion to “fully …
Eric Chase resumes CEO leadership of Ontivity; Ian Stringfellow is appointed as its COO
Ontivity, a leading national provider of wireless infrastructure services, has reappointed Eric Chase as Chief Executive Officer. The company said in a statement that the leadership move will fuel the company’s culture of growth. In September, Ontivity acquired Infinity Construction Solutions of Buford, Georgia. The company was integrated into Ontivity member company CMS Wireless. Chase takes over the reins from …
SpaceX says AT&T and RWA’s opposition to satellite direct to cell is a ‘desperate 11th hour campaign’
AT&T and the Rural Wireless Association (RWA) have coordinated “a desperate, 11th-hour campaign” to prevent SpaceX from testing its mobile coverage from space in partnership with T-Mobile with “baseless procedural claims while offering no substantive reasons” for denying its special temporary authority (STA) approval, SpaceX said in a filing with the FCC. Although Dish isn’t a voting carrier member of RWA …
South Florida Broadband Careers Awareness Day is expected to set the national template for other states
South Florida will host the first national Broadband Careers Awareness Day, a broadband industry coalition led by Broadband Careers and supported by Junior Achievement of South Florida and Neptuno USA, Corp. Open to the public at no charge (REGISTER HERE), the promoters have provided an opportunity for telecommunication companies, education providers, industry associations, and representatives of state, local, and federal …
Telecoms get rip and replace extension, but China-controlled equipment may be with us past 2024
The FCC has granted five telecom companies’ requests for additional time to “rip and replace” Chinese-manufactured equipment due to a shortfall of funding, supply chain issues, and workforce shortages due to factors beyond their control. The agency agreed to delay their deadlines, extending them all into 2024 with the following new dates: WorldCell, May 20, 2024; Mediacom, January 15, 2024; …
Following a tech’s death, the industry unites for best practices for wire mesh grips in new NATE advisory
After a 32-year-old tower technician passed away last December in Texas and Wireless Estimator identified that a hybrid cable hoisting grip failure might have caused the fatality, NATE: The Communications Infrastructure Contractors Association engaged a Hoisting Grip Task Team to examine the use of wire mesh grips (WMG), and they provided initial guidance. Those subject matter experts within the industry, …
TechDash Telecom shutters its doors, swelling unemployment, but some companies are still hiring
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 …
AT&T CEO says not to worry, but new Verizon lead cable lawsuit tackles climbers’ future harm
AT&T’s CEO John Stankey said yesterday at a technology conference that tests conducted at several sites where the carrier has abandoned lead-clad cables have shown no risks of a public health crisis. His statement comes shortly after AT&T and Verizon investors filed similar securities fraud lawsuits after The Wall Street Journal published articles exposing that toxic cables are still in …
As communities struggle with Idalia’s damage, cell tower sites have weathered the hurricane
Hurricane Idalia left a path of destruction in areas of Florida normally not impacted by a hurricane, leaving a trail of destruction on Wednesday in Florida before losing power as it moved inland through Georgia, South Carolina, and North Carolina. Although the Idalia might become one of the US’s costliest hurricanes, fortunately, it appears to have had a minimal impact …
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 …
Charleston’s historic skyline is degraded by a 5G mono toilet paper pole: residents
Founded 353 years ago, the City of Charleston, SC, is one of America’s most beautifully preserved architectural and historical treasures. It boasts the first public college, museum, and playhouse in the U.S., and unfortunately, as The Post and Courier has labeled it, the first “toilet paper tower” that has become a “prominent and regrettable Charleston landmark.” The publication’s editorial excoriated the erection …
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 …
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 …
750 field services workers to be terminated by Ericsson; unprofitable contracts cited
On Thursday afternoon, Ericsson’s U.S. field services employees were informed via a live webcast that the company will be shuttering its self-performing installations group by September 29, 2023, since the current market demand will no longer allow the company to justify the cost of maintaining crews. A Friday memo from the company’s People Operations Team made it official. Approximately 750 …
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 …
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 …
Insurer wins $112K default judgment for unpaid audit premiums owed by Vanguard Towers
A federal court for the Western District of Louisiana provided an insurer with a default judgment of over $112,000 against Vanguard Towers Inc. in its April 3, 2023, lawsuit over unpaid premiums after the company failed to enter a response to the insurer’s complaint. The court ordered the cell tower retrofitting and construction company to pay Fisher Brown Bottrell Insurance …
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 …
