Morningstar analyst Michael Hodel has provided an excellent overview of the industry’s three publicly-traded companies, American Tower Corp., Crown Castle International, and SBA Communications. Whereas there are almost daily yawn-inducing recommendations from analysts, Hodel’s insight and extensive analysis is worth the read. Although Hodel has previously said that his favorite amongst the towercos is Crown Castle, because he thinks it …
American Tower’s CEO unloads 47,000 shares and the 48-hour silly cycle begins
When a corporate insider such as an officer or director buys or sells their company’s publicly-traded stock they’re required to file a Form 4 with the Securities and Exchange Commission. American Tower Corporation Chairman, President and CEO James Taiclet did that yesterday when he sold 47,000 shares in a transaction that occurred the day before at a price of $100.99, …
New top 100 U.S. tower owners unveiled with some first-time players and loss of a key owner
Wireless Estimator released today its top 100 tower companies in the U.S. that identifies the same three top consolidators as in previous years, American Tower Corp., Crown Castle International and SBA Communications taking the lead. Although first place American Tower is slightly ahead of Crown in the Top 100 U.S. Tower Companies list by less than 200 towers, it is an …
Boca Raton, Florida is fast becoming the corporate hub of choice for tower owners
Thanks to early siting entrepreneurs Jeffrey Stoops and Marc Ganzi, Boca Raton, Fla. is fast becoming the hub for tower owners’ corporate offices as witnessed by numerous key players’ offices in a two mile stretch along and off of Congress Ave. SBA Communications CEO Stoops used to run his company from its corporate office off of Broken Sound Pkwy., almost within shouting …
National Wireless Safety Alliance’s Board selected to guide assessment and certification programs
The National Wireless Safety Alliance (NWSA) unveiled the organization’s inaugural Board of Governors roster today in an industry-wide announcement. The NWSA is a national non-profit assessment and certification organization that is under development to provide thorough, independent assessments of knowledge and skills and provide verifiable worker certification in order to enhance safety, reduce workplace risk, improve quality, encourage training, and …
In a surprise move, SBA walks out with cash and away from its investment in DAS
Five year DAS ride for SBA unexpectedly ends In a deal that took many industry observers by surprise, DAS developer ExteNet Systems, Inc. announced that Digital Bridge Holdings and Stonepeak Infrastructure Partners will recapitalize the company with more than $1 billion dollars, and Digital Bridge’s CEO Marc Ganzi will assume the position of Chairman of the Board. Key members of …
Crown Castle’s tenants per tower take a slight dip as revenues show a marked increase
Although Crown Castle’s site rental revenues for the second quarter were up $26.3 million over its 2014 quarter, the tower owner’s average tenants per tower for sites operated for 10 years or longer fell off slightly in all BTAs. The tenant per tower average in the top 100 BTAs for sites operated 10 years or more was 2.9 compared to …
Tower contractor’s owner refutes report that his worker fell from a tower
A Massachusetts contractor said that, although he had a worker who sustained jobsite injuries, his tower technician did not fall from a Crown Castle International tower yesterday in Gorham, Maine, as reported by a Maine newspaper. In a Portland Press Herald article, based upon a police ‘news release,’ an employee of Centerline Communications of Raynham, fell from the 300-foot guyed tower while …
In lieu of double time pay, New Jersey police have tech spending time in jail
While most industry workers were celebrating July 4th with a well-deserved day off, tower technician Louis Lucas, 45, was one of the few that had to be on duty to service a cell site at 1191 Williamstown Rd., Gloucester Township, N.J. That’s the story he told Gloucester Township Police Corporal M. Pickard, but upon further investigation after Pickard saw Lucas …
Former Crown Castle chief and three key leaders to be inducted into Wireless History Foundation
The Wireless History Foundation (WHF) announced today that it will honor four individuals at its annual awards dinner on September 8, 2015 at the Four Seasons Hotel in Las Vegas. The inductees are John Kelly, Brian McAuley, Larry Movshin and Sue Swenson. The key industry movers and shakers join wireless luminaries such as Marty Cooper, inventor of the cell phone …
Crown Castle severs ‘International’ with its Australian tower unit sale
Houston-based Crown Castle International announced that it is selling its Australian subsidiary, CCAL, to Macquarie Infrastructure and Real Assets for $1.6 billion, of which they’ll net $1.3 billion after transaction fees and other expenses. “The sale of CCAL allows us to redeploy capital towards our growing small cell networks, which we expect will be accretive to our long-term AFFO and …
Some wireless industry musicians and singers can easily quit their day job
A traditional scathing barb heard when garage band musicians try to imitate legendary rock stars is: “Don’t quit your day job.” But at last Wednesday’s PCIA – The Wireless Infrastructure Association’s, All-Star Jam Session in Hollywood, Fla., it was obvious that the only things being skewered, were buffet offerings as PCIA members led a rousing session that made the house …
Thousands of revelers pay $30 to watch a Crown Castle tower burn in North Carolina
UPDATE: A spokesperson for Crown Castle International, the owner of a self-supporting tower that caught fire on Saturday when a number of wayward lanterns set some transmission lines on fire during a festival at the Carolina Speedway, said that the extent of the damage is still unknown. Spencer Humiston, the Lantern Fest event director, said that his and Crown Castle’s …
Vertical realtor Crown Castle makes a $1 billion bet on going horizontal
Crown Castle International’s appetite for a fiber rich footprint in major cities across America expanded last week with the acquisition of Sunesys for approximately $1 billion. The wholly owned subsidiary of Quanta Services, Inc. owns or has rights to nearly 10,000 miles of fiber in major metropolitan markets across the U.S. such as Los Angeles, Philadelphia, Chicago, Atlanta, Silicon Valley, …
PCIA’s ‘view from the top’ shows a little bottoming out; tall tower crew shortage possible
A common thread throughout yesterday’s PCIA – The Wireless Infrastructure Association’s Hollywood, Fla. conference was that AT&T has pulled back on their builds, Sprint is almost in a holding pattern and T-Mobile is providing a number of opportunities. Verizon, however, is seen as a steady engine that is assisting a slower than expected build in the second quarter. “Verizon continues …
Competitive spirit can be cutthroat in leasehold ground wars of towercos
Although the nation’s major tower owners present a public face of spirited friendly competition and collective initiatives to ensure worker safety, when it comes to protecting their interests it can be a no holds barred battle between them to keep their most valuable assets, their long-term leases. One clash got so nasty that the counter-complainant wanted a leasehold aggregator’s executives …
Safety climb system failure seriously injures tower tech in 50-foot fall
A Kentucky tower climber who had been in an induced coma for the past 10 days had additional surgery yesterday, and this morning for the first time was able to talk, but he is unable to remember his traumatic fall off of an Ohio tower that required him to be airlifted to St. Elizabeth Hospital in Youngstown to be treated for …
Crown is exploring sale of its Australian towers and settling in the US
Crown Castle International Corp. announced today that it plans to explore the potential sale of its Australian subsidiary (CCAL). “In light of recent unsolicited offers we have received for our interest in CCAL, we have determined that fully exploring the options available to us will ensure the best long-term results for our shareholders,” stated W. Ben Moreland, Crown Castle’s President …
ATC leads slightly over Crown with their $5 billion 11,324 Verizon tower deal
American Tower Corporation today announced that it has been the successful suitor in acquiring the rights to approximately 11,324 wireless communications towers and purchase approximately 165 additional towers from Verizon Communications, Inc. for $5.056 billion. Under the agreement, American Tower will have the exclusive right to lease and operate the Verizon towers for a weighted average term of approximately 28 …
Almost 1,000 Crown Castle antennas will support Super Bowl network needs
Crown Castle pulled back the curtain Tuesday on its $32 million-plus distributed antenna systems in Glendale, Ariz. just in time for Super Bowl XLIX on Feb. 1, 2015 at the University of Phoenix stadium. The state of the art network includes the stadium and Gila River Arena as well as the Renaissance Glendale Hotel & Spa, and throughout the Glendale …
