View Post

NATE, American Tower Corporation and MILLERCO Host U.S. Senator Roger Wicker

In Featured News by Wireless Estimator

NATE: The Communications Infrastructure Contractors Association and member companies American Tower Corporation and MILLERCO hosted U.S. Senator Roger Wicker on a communications tower site visit in Gulfport, Mississippi yesterday. Gulfport Mayor Billy Hewes also attended the event. During the site visit, Senator Wicker and Mayor Hewes toured the communications tower compound with event participants to learn about all the on-site …

View Post

Indiana court nixes Norfolk Southern’s claim that it was due profit sharing revenues from towerco

In Featured News by Wireless Estimator

An Indiana court found that Global Tower LLC did not owe Norfolk Southern Railway Co. a percentage of its revenue from a tower on land owned by the railroad in Peru, Indiana. United States District Judge Robert Miller, Jr. granted Global’s summary judgment motion Tuesday, finding that the tower operator never agreed to take on the previous deal between Norfolk …

View Post

Stonepeak carves out a 29% interest in American Tower’s U.S. data center business for $2.5 billion

In Featured News by Wireless Estimator

American Tower Corporation and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that Stonepeak, on behalf of certain affiliated investment vehicles, will acquire an ownership interest of approximately 29% in American Tower’s U.S. data center business as part of a new long-term strategic partnership. The partnership will be realized through an investment in common …

View Post

A reverse stock split is oftentimes cautionary, but DigitalBridge Group says it’s all part of the grand plan

In Featured News by Wireless Estimator

A reverse stock split oftentimes signals that a company is trying to stay listed on major exchanges, such as the New York Stock Exchange, where a company’s shares are required to not trade below $1 for 30 consecutive days. NYSE-traded DigitalBridge Group announced yesterday that within the next three months the company expects to have a reverse stock split in …

View Post

Towerco stocks tank as Communication Services Sector declines 33% and REIT Index shaves 23%

In Featured News by Wireless Estimator

Towerco stocks notched a slight increase on Friday, but they’re still way off their 52-week highs. All four of the publicly traded companies saw significant declines beginning in December 2021, with considerable losses last week. DigitalBridge Group is down a reeling 45%, while Crown Castle Int. Corp. declined 26%, and SBA Communications Corp. saw a 25% drop. American Tower Corp. …

View Post

Pieter Nel elevated to CEO of American Tower Europe; Julian Plumstead takes M&A Post

In Daily News Briefs by Wireless Estimator

American Tower Corporation, one of the world’s largest real estate investment trusts and a leading independent owner, operator and developer of telecommunications real estate and infrastructure, continues to grow in Europe. Pieter Nel was appointed CEO for Europe, one of the key markets for the multinational. Pieter has more than 25 years’ experience in the telecommunications sector and has spent more than a …

View Post

Nationwide strike of contractors averted after carriers and towercos agree to meaningful concessions

In Featured News by Wireless Estimator

An organized work stoppage action by U.S. wireless contractors that could have exceeded the breadth of economic damage caused by the steel workers strike of 1919, that shut down the nation’s steel industry, was averted yesterday after carriers and tower owners offered concessions to offset untenable matrix pricing being offered for 5G installations. The call to action for a national …

View Post

U.S. towerco is bid up in down under 2,000 tower deal that went to ATN and Singtel for $2.7 billion

In Featured News by Wireless Estimator

UPDATE – April 1, 2022: Macquarie Asset Management today announced that, alongside its coinvestors, it has entered into binding agreements with Australia Tower Network (ATN), owned by AustralianSuper and Singtel, for the sale of 100% of Axicom for $2.7 billion (US). Earlier reports said that the assets, formerly Crown Castle’s towers, were expected to fetch approximately $2.1 billion US. American …

View Post

ATF accuses man of setting fire to American Tower cell site, trying to destroy multiple other locations

In Featured News by Wireless Estimator

A Jackson County Mississippi man is facing federal charges from the U.S. Department of Justice, Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) after a special agent said the arsonist maliciously set fire to an American Tower cell tower earlier this month. Manuel Alejandro DeJesus is alleged to have set fire to at least three cell towers in the Jackson …

View Post

American Tower reportedly a contender for 41,000 Deutsche Telekom towers for $20 billion

In Featured News by Wireless Estimator

American Tower is reportedly a key contender for a 41,000 Deutsche Telekom towers acquisition. Deutsche Telekom reportedly started the sales process for its mobile towers business as part of broader efforts to maximize the value of its infrastructure assets. Reuters reported the Germany-headquartered operator is working with Goldman Sachs as adviser in the sale of its 40,600 towers, which the …

View Post

Wireless infrastructure pioneer Van Thompson passes away

In Daily News Briefs by Wireless Estimator

Van Thompson, a cell tower development pioneer, passed away quietly at his home in Annapolis, Maryland on January 5. He was 66. Thompson was known as a founding force in managing, developing and implementing wireless infrastructure in the mid-Atlantic region. He began his career in telecom in 1987 as a consultant purchasing right of way for fiber optics in Texas. …

View Post

American Tower makes mammoth $10.1 billion deal to buy data giant CoreSite Realty

In Featured News by Wireless Estimator

American Tower Corporation and CoreSite Realty Corporation today announced that they have entered into a definitive agreement through which American Tower will acquire CoreSite for $170.00 per share in cash. The total consideration for the transaction, including the assumption and/or repayment of CoreSite’s existing debt at closing, is approximately $10.1 billion. The transaction, which was unanimously approved by the boards …

View Post

Day of remembrance includes American Tower subsidiary’s 13 employees who died on September 11

In Featured News by Wireless Estimator

As we mark the passage of two decades since the day that changed our lives forever, the pain will be revisited 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 …

View Post

India’s towercos in for a sharp tenancy decline if Vodafone Idea collapses leaving a duopoly

In Featured News by Wireless Estimator

American Tower’s ATC Telecom and six other leading tower infrastructure companies could see their tenancies decrease overnight if Vodafone Idea (VI), the third-largest mobile carrier, goes bankrupt and leaves India with a duopoly telecom market. According to the Digital Communications Regulatory Authority of India (DCRAI) in a June report, VI lost its largest number of subscribers ever of 4.3 million …

View Post

It’s possible the infrastructure bill will require tower techs and other workers to receive huge pay increases

In Featured News by Wireless Estimator

Since the text of the infrastructure bill was released earlier this month, industry media have been surgically dissecting the limited details in the $1.2 trillion act that provides $65 billion for the nation’s broadband development. What is known is that $42.45 billion will be funneled to states to fund projects each state approves independently, if their telecommunications provider can offer speeds …

View Post

The unvarnished Tennessee truth: Trained tower techs will save lives

In Featured News by Wireless Estimator

The nation’s tower techs take pride in their work and their ability to safely rescue a fellow worker if the occasion ever arises. Most techs will spend their career never having to perform an emergency rescue on a tower, but when it’s necessary, it’s nice to know that the men and women working alongside you have you covered. Such was the case …

View Post

American Tower is convinced Crown Castle’s early Dish builds is not a long-term concern

In Featured News by Wireless Estimator

American Tower Corp. EVP, Treasurer and CFO Rod Smith said at Monday’s J.P. Morgan Global Technology, Media and Communications conference call that he’s not concerned that a competitor is expected to get a larger than typical share of Dish Network colocations. Although J.P. Morgan Managing Director Phil Cusick did not mention Crown Castle as the competitor in his interview, he …

View Post

American Tower shocks industry analysts with its planned acquisition of China Tower for $17.4 billion

In Featured News by Wireless Estimator

Boston-based American Tower Corp. (ATC) is close to inking an agreement to buy China Tower Corp. Ltd. for $17.4 billion, a huge deal that will see ATC acquiring China Tower’s  2.2 million towers, expanding ATC’s 186,000 worldwide towers by 1,100 percent, according to a Forbes report today. The well-kept secret took the industry by surprise, and analysts are still trying …

View Post

Colocations unknown as a sealed deal with American Tower provides DISH with it final site selections

In Featured News by Wireless Estimator

American Tower Corporation and DISH Network Corporation announced today that they have entered into a master lease agreement through which DISH may lease space on up to 20,000 American Tower communications sites. Through the agreement, DISH will secure access to American Tower’s extensive U.S. portfolio of communications sites as it deploys its new nationwide 5G network, and American Tower will …

View Post

SBA inks a master lease agreement with DISH for its 5G network

In Featured News by Wireless Estimator

DISH and SBA Communications Corporation today announced a new long-term master lease agreement providing DISH access to SBA’s extensive nationwide portfolio of wireless communication sites. The announcement builds upon DISH’s continued progress in acquiring access to the essential infrastructure needed to deploy its greenfield 5G network coast to coast. As part of the agreement, DISH will lease towers from SBA, …