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. …
Subcontractor’s ‘shoddy concrete’ work proves to be costly for Crown Castle in Baltimore
The Baltimore, MD City Office of the Inspector General (OIG) announced last Wednesday that the City’s Department of Transportation (DoT) has fined Crown Castle [NG Atlantic] Fiber LLC (Crown Castle) $447,000 after the OIG found that 450 small cell sites Crown built were not constructed in accordance with asphalt and concrete code requirements. The OIG’s office began investigating last year …
Nationwide strike of contractors averted after carriers and towercos agree to meaningful concessions
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 …
U.S. towerco is bid up in down under 2,000 tower deal that went to ATN and Singtel for $2.7 billion
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 …
Key execs believe certified tower technicians will lead the nation’s continuous build programs
Attendees at NATE UNITE 2022 were provided an executive level overview of how field personnel will be taking control of their future as the wireless workforce becomes increasingly dependent upon new skillsets that will be required of technicians. The session, which also identified why companies are motivated to assist in their success, was presented by Mark Ciarfella, EVP, Domestic Operations, …
Bogus BLS averages put larger wireless contractors at a greater risk of being red-flagged
Avetta and other compliance vendors continue to use the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) data to initially assess the safety culture and performance of wireless contractors through metrics such as the Total Recordable Incident Rate (TRIR) average. Compliance vendors red flag contractors if their TRIR exceeds the BLS’s current TRIR averages, even though they are aware …
24-year-old Nevada tower tech passes after a 140-foot fall in Washington — 2nd fatality in 3 weeks
Wireless Estimator has confirmed that a 24-year-old Las Vegas, Nevada tower technician, whose goal was to excel in his new career, has passed away after falling from a communications tower in Arlington, WA on Saturday afternoon at about 1:30 p.m. Michael Vasquez was a Broken Arrow Communications (Bacom) crew member working on an installation on a Crown Castle monopole when …
Foolish draft petition has a carrier telling NATE to ‘Shut up!’ and the matrix pricing problems will be resolved
Commentary — One carrier’s well-thought-out solution to NATE’s concern regarding untenable contractor matrix pricing that is crippling the nation’s wireless workforce can be capsuled in two words: ‘Shut Up!’ There are no legitimate arguments that matrix or model pricing shouldn’t be used in wireless construction unless it’s a project that requires different disciplines or presents unique labor or material-intensive requirements outside of …
It’s possible the infrastructure bill will require tower techs and other workers to receive huge pay increases
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 …
Catherine Piche to lead Crown Castle’s tower division as its EVP and COO
Crown Castle International Corp. has announced that Catherine Piche has been appointed to succeed Robert C. Ackerman as Executive Vice President and Chief Operating Officer–Towers, effective September 1, 2021. Ackerman plans to retire following a 50-year career that included 23 years in various senior leadership roles at Crown Castle, and he has agreed to remain with Crown Castle in an …
San Antonio police seeking to solve Crown Castle monopole arson
San Antonio, Texas Police and Crime Stoppers are seeking the help of the general public to track down a suspected arsonist that set a fire at a Crown Castle monopole site in the 1800 block of Hunt Lane on May 24. Police issued the announcement on Sunday. Authorities said that the man, pictured, above, used an accelerant to ignite the …
American Tower is convinced Crown Castle’s early Dish builds is not a long-term concern
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 …
Long Island town believes it has the right to deny applications for nodes with ugly antennas
The Town of Hempstead in Long Island, NY, last week aggressively replied to a summary judgment bid from Crown Castle that accused Hempstead of unfairly blocking the towerco from building 48 DAS nodes. In their response, Hempstead said that on January 18, 2017, Crown Castle submitted applications for the first 14 of 48 DAS nodes in the town’s right-of-way. The …
Verizon signs C-band deals with Crown Castle and SBA Communications
Verizon inked deals with Crown Castle and SBA Communications, two vertical realtors already hosting Verizon infrastructure equipment, to speed deployment of C-band equipment in preparation for the launch of 5G Ultra Wideband and fixed wireless broadband service on this newly acquired spectrum. Verizon secured an average of 161 MHz of C-band spectrum nationwide in the recent FCC auction, which will allow Verizon to …
Pittsburgh is ‘illegally’ pocketing $580 on street light small cell fees says AT&T in a lawsuit
AT&T is suing the City of Pittsburgh for allegedly failing to meet the FCC’s shot clock requirements and for asking excessive fees for new cell structures in the city’s rights-of-way. The carrier states that the fees and delays for installing small-cell network equipment along city roadways have prevented AT&T from providing service to the area and violates the federal Telecommunications …
Early vertical realtor David Grain pulls together $3.75 billion in investment funding
Washington, D.C.-based Grain Management, a leading private investment firm focused on broadband technology and the global communications sector, announced today that it has closed on $3.75 billion in funding the past year, exceeding its targets for purchase of spectrum and other investments. Grain participated in the Federal Communications Commission’s Auction 107 (“C-Band Auction”), the largest auction of mid-band 5G spectrum …
Colocations unknown as a sealed deal with American Tower provides DISH with it final site selections
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 …
Crown Castle sues after it’s told that its landlords have to agree to not build a competitive structure
Crown Castle Towers, AT&T, and Sprint have brought a federal lawsuit against the Town of Riverhead, N.Y., the Town Board, Zoning Board of Appeals, Planning Board and the Town’s building administrator for alleged “unreasonable delays” and “unsupportable effective denials” of their application to erect a 120-foot monopole. The template nature of the complaint, in part, is similar to the many …
