Elliott Investment Management L.P., which manages funds that collectively have an investment of approximately $2 billion in Crown Castle Inc., released a letter and presentation today detailing its perspectives on the company’s history of underperformance and calling for significant changes. One of those adjustments is for the Board of Directors to immediately provide an interim CEO to replace Jay Brown, who has held that position …
Crown Castle’s Federal Sales Director says he was fired in retaliation for whistleblowing
A US District Court judge for the Eastern District of Virginia, on August 23, 2023, denied Crown Castle USA, Inc.’s request to dismiss a whistleblower’s complaint for failure to make a claim, and the company is now required to answer Matthew Foosaner’s amended complaint by September 15, 2023. Foosaner alleges one count of retaliation against Crown Castle according to the …
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 …
Almost half of Maui’s cell sites are operational in six impacted areas as communications on the island improves
Since yesterday, when 90% of cell sites were out of service in six hard-hit cities on Maui following the deadly wildfire that swept through the island’s west coast, carriers have considerably recovered, with 48% of sites being operational today. Ten out of 21 cell sites are in service, according to the FCC’s Communications Status Report of August 15, 2023. The …
DigitalBridge is betting a quarter billion dollars on its competitors becoming more profitable
On Monday, during its second-quarter earnings call, SBA Communications cited a slowdown in U.S. carrier activity, similar to previous announcements by American Tower Corp. and Crown Castle, whose Q2 activity had declined a whopping 50%. DigitalBridge Group, whose tower arm Vertical Bridge has 11,000 owned and master-leased towers, will release its quarterly report on Friday and takes no comfort in …
Crown Castle consolidates offices and axes 750 employees, many of them providing construction management
Crown Castle Inc. initiated a restructuring plan this week as part of the company’s efforts to reduce costs to better align the company’s operational needs with lower tower activity, as discussed in Crown Castle’s second quarter 2023 earnings release. The plan includes reducing the company’s total employee headcount by approximately 15%, discontinuing installation services as a product offering within the …
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 …
Collecting $3 million from an ISP will be a tough road to hoe for American Tower and Crown Castle with its $386k
American Tower Corp. (ATC) has filed a lawsuit against a wireless and satellite internet, phone, and DISH television provider, alleging it stopped paying rent payments on 60 of its structures on November 24, 2021. ATC says it is due $2,891,885 plus attorneys’ fees and other costs from TPT SpeedConnect, LLC. SpeedConnect advertises that it is proud of the role it …
Dish meets its 70% buildout deadline with assistance of three major towerco partners
Dish Wireless announced yesterday that as of June 14, the carrier is offering 5G broadband service to over 70 percent of the U.S. population, giving more than 240 million Americans access to its technology. This marks a significant milestone for Dish and the U.S. telecom industry, as Dish designed, built, and deployed a first-of-its-kind 5G network in three years. Dish …
Aggravated over aggregator Everest’s ‘multi-million dollar scheme’, Vertical Bridge files a lawsuit
Vertical Bridge REIT, LLC has filed a lawsuit against competitor Everest Infrastructure Partners (EIP), alleging that it ran an unfair “multi-million dollar scheme to unlawfully improve its market share” at Vertical Bridge’s expense through trade secret misappropriation, interfering with existing contractual relations and false advertising. Vertical Bridge, the tower arm of Digital Bridge, requests that EIP provide an accounting of …
Crown Castle’s Cathy Piche joins WIA Board of Directors, Alex Gellman elected chairman
The Wireless Infrastructure Association (WIA) today announced that Cathy Piche, Executive Vice President and Chief Operating Officer – Towers, Crown Castle, has joined WIA’s Board of Directors and Alex Gellman, Vertical Bridge Executive Chairman and Co-Founder, was elected Chair. Piche, who was also elected to serve as Vice-Chair, will replace Crown Castle President & CEO Jay Brown on the Board. …
National Wireless Safety Alliance adds key industry executives to its Board of Governors
The National Wireless Safety Alliance (NWSA) announced that Johnny Crawford, Executive Vice President of Tower Development at Vertical Bridge, Amanda Freeman, Director of Safety – Tower Assets at Crown Castle, Leticia Latino-van Splunteran, Chief Executive Officer at Neptuno USA, Corp, and Jim Tracy, Co-Founder at Legacy Telecommunications, LLC, have been appointed as members of the organization’s Board of Governors. In …
Crown Castle petitions FCC to clarify that nutrition labels are for retail only
Although Crown Castle has informed the FCC that it supports the new broadband “nutrition” labels for mass market retailers, they want the agency to clarify that new required labels containing metrics about internet service to apply only to mass-market retail and not to the services provided to schools, libraries and health care under FCC universal service programs. In November, the …
Wildlife volunteers join up with a tower tech and others to ensure a fishing line didn’t kill eagle family
When Kathleen Westfall, one of Audobon EagleWatch’s 600 dedicated volunteers monitoring 1,000 eagle nests in Florida, viewed a Bald Eagle’s nest on Plum Lane in Hudson last Monday, she became concerned after noticing a large amount of fishing line in the nest on a Crown Castle 160-foot monopole. She immediately contacted Kim Rexroat, a director at Raptor Center of …
Crown Castle’s Reudink will help strengthen SCF’s support for multi-operator shared infrastructure
SCF (Small Cell Forum), the global organization supporting the evolution and adoption of low-cost, agile mobile infrastructure, announced its new Chair, Mark Reudink, Head of Technology Strategy at Crown Castle. Reudink is a highly regarded industry veteran who, prior to Crown Castle, worked at several of the world’s largest MNOs. He replaces Lockhead Martin’s Prabhakar Chitrapu, who steps into the …
Crown Castle sues Black Electric for bridge fiber break they claim cost $403K to repair
Houston, Texas-based Crown Castle Fiber LLC is suing Black Electric, Inc. of McKees Rocks, Pennsylvania, claiming that the company damaged a fiber network owned by Crown Castle that spanned the Hatem Memorial bridge that carries U.S. Route 40 over the Susquehanna River between Havre de Grace and Perryville, Maryland. In its complaint, Crown Castle said on October 1, 2019, Black …
Death of a tower worker falling off a 300-foot Crown Castle guyed tower proves to be incorrect
News reports on Monday described an industry fatality when a tower technician fell off a guyed tower that he was working on in Anderson, SC. However, the reporting was incorrect. TV station WSPA said a man working on a tower in Anderson County had been found dead and cited the Anderson County Sheriff’s Office (ACSO) as stating the man fell …
In an early morning fire, a Crown Castle tower gets ‘lit up like a Christmas tree’
A 162-foot self-supporting multi-tenant cell tower became engulfed in flames early this morning in Seattle, WA near the busy intersection of I-90 and I-5 south of downtown in the International District. According to Seattle Fire Department Chief Geoff Wall, the fire that was reported at 3:00 a.m. was in one place on the tower when firefighters arrived but then changed …
A reverse stock split is oftentimes cautionary, but DigitalBridge Group says it’s all part of the grand plan
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 …
Towerco stocks tank as Communication Services Sector declines 33% and REIT Index shaves 23%
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. …
