Digital Colony Partners has contacted Crown Castle International Corp to signal interest in buying a minority stake in its fiber-cable business, according to three people familiar with the matter, according to a report by Reuters today. The exclusive article states that Marc Ganzi, CEO of Digital Colony , a major investor in data centers, cell towers, fiber networks and small cell networks, has spoken …
Elliott alleges Crown Castle ‘seems to know there is a problem, but refuses to acknowledge it’
After Activist investor Elliott Management Corporation (Elliott) last month registered its concerns about the operation of Crown Castle’s fiber business, the company appeared to have yielded to its pressure and unveiled a mandatory Board retirement policy of age 72, with several directors, including its founding chairman J. Landis “Lanny” Martin, 73, not being renominated. Last Thursday, Crown Castle also announced …
Is Ganzi’s Colony Capital at $2 an opportunity for those who missed out on profitable towerco stocks?
SBA Communications stock price closed at $311.28 Friday with American Tower’s stock at $257.61 and Crown Castle trailing at $168.19, but it’s still a price that cautious investors might shy away from during uncertain times. However, well-known wireless infrastructure magnate Marc Ganzi has what he believes is a wise investment, a $2 stock which he’s convinced has huge potential — …
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 …
Yielding to investor pressure, Crown Castle unveils a 72 skidoo board of directors plan
After pressure from major investor Elliott Management, Crown Castle said Tuesday it will begin a mandatory Board retirement policy of age 72, with several directors, including its founding chairman J. Landis “Lanny” Martin, 73, not being renominated for their positions over the next two years. The move came as Crown Castle reported net income of $200 million for the second …
Major stockholder activist blasts Crown Castle’s fiber line of attack
Although Elliott Management Corp. doesn’t make Crown Castle International Corp.’s top ten list of institutional investors, a $1 billion investment in the Houston, Texas-based communications infrastructure giant could allow the tail to wag the dog, especially when Elliott pounds the public relations pavement as it did yesterday in a press release, castigating Crown for its underperformance in its $16 billion …
Double homicide cell site victims identified; deceased company owner’s partner puts up a $5,000 reward
For the three team members of Harley and Sibs Logistics LLC of Thomaston, GA, last week’s scopes of work required them to install power plants, batteries and equipment at three AT&T cell sites, a project that the company has performed many hundreds of times in the past. After picking up the equipment in their rented Penske box truck at a …
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 …
DISH’s ‘badass’ tower climber Martha Ramos leads Fast-Forward Friday news
Meet Martha: DISH’s ‘badass’ tower climber When Martha Ramos climbed her first cellular tower, it wasn’t so much being up high that made her nervous, it was learning to let go. “If you’re working on equipment on a tower, you have to have both of your hands free,” said Ramos, a tower climber for DISH. “You hook yourself to a …
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, …
Crown Castle monopole site is the latest victim of a Memphis cell tower arsonist
A 145-foot Crown Castle monopole site had equipment damaged by fire on February 17, 2020 in Memphis, Tennessee, and Memphis fire officials are stating that it appears to have been intentionally set, causing approximately $75,000 in damage at the 4087 Summer Avenue site which is surrounded by apartments and a shopping plaza. Although the fire was first reported about 11:00 …
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 …
Third copper thief in a gang of five pleads guilty of stripping 80-plus towers
An Illinois man pleaded guilty Wednesday to a federal charge accusing him of shutting down power to more than 80 cellphone towers across Missouri and Illinois to steal copper from the sites. He was arrested in Pike County, Missouri when a County Sheriff’s Office deputy saw the lights go out on a guyed tower near Eolia, and was indicted on …
Don’t thread or step (bolt) on me: Crown responds quickly to community’s tattered flag concern
The stars and stripes were flying whole again yesterday morning in Towamensing Township, Pennsylvania on a Crown Castle monopole after residents pressured the company to take down a tattered American flag that had been flying for months in the Carbon County community of 4,429 residents. Numerous local TV and news outlets championed the cause of township officials and residents who …
Crazy lady opens fire on two tower techs working on a Crown Castle North Carolina tower
Two tower techs working on a 290-foot Crown Castle guyed tower in Taylorsville, North Carolina were targets of choice for a deranged 61-year-old woman who began shooting at them with a 22-caliber revolver. Thankfully, her aim was just as off balance as she was and the men were not injured. According to Alexander County Sheriff’s Office authorities, Susan Lynn Moose …
‘Pay to play’ Avetta has industry’s contractors concerned about it becoming a monopoly
Concerns about the time, expense and frustration of contractors that are forced to use client onboarding companies such as BROWZ and Avetta surfaced on January 30, 2019, when Wireless Estimator released the survey results of financial and administrative roadblocks set up by carriers and towercos that could derail America’s race to 5G. Two weeks later on February 14, 2019, Avetta announced the …
SBA sets NWSA certified climbers at 25% next year, 50% in 2021
SBA Communications (SBA), the nation’s third largest tower owner, has released the percentages of National Wireless Safety Alliance (NWSA) certified climbers that contractors will have to maintain when doing work on their sites. Prior to climbing any SBA structure, all general contractors and lower tier subcontractors must meet the following guidelines and dates: Effective June 1, 2020: 25% of the …
Crown asks court to rule on California county’s unlawful node application fees
Crown Castle Fiber LLC, in a U.S. District Court of Western California filing, is requesting that the court restrict Santa Barbara County, California from charging unlawful, unreasonable and excessive fees in order to deploy wireless infrastructure within the county’s rights-of-way. Crown said the county is putting it in the untenable position of having to pay fees in excess of what …
AT&T’s remaining US towers and those in Mexico are on the chopping block
In its second quarter earnings conference call today, AT&T Chief Financial Officer John Stephens confirmed that the carrier is looking to sell its remaining cell towers in the U.S as well as those in Mexico. In discussing asset sales, Stephens said, “I think that it’s public knowledge that we’re out there selling our collections of about 1,300 U.S. cell towers that …
Momentum builds around wireless installations at military facilities leads Fast-Forward-Friday
Article Media Momentum builds around wireless installations at military facilities WIA Palm Beach and AT&T at odds over spotty service Palm Beach Post Virginia Beach leaders have concerns about 5G antennas Government Technology Crown Castle crushed its second-quarter earnings guidance The Motley Fool Brookfield inks $3.7 billion deal to invest in Reliance’s tower assets VC Circle With Ripon tower gone …
