During American Tower Corporation’s second quarter earnings analysts’ call yesterday, President and CEO James Taiclet fielded questions regarding whether the company might need to reduce its carriers’ tenancy rates. Taiclet said, no. Answering Barclays analyst Amir Rozwadowski’s question regarding concerns about future lease escalator rates, with some carriers expressing “some consternation about how the compounding growth outlook of that cost …
The sky doesn’t appear to be ready to fall upon tower company stocks anytime soon
Almost four months ago, a well-respected telecom financial analyst downgraded the public tower companies, later citing that she believed that a couple of the major carriers may be trying to bypass the major towercos – or at least presenting that posture so that they could control rising rent escalators. In a March 4 statement, Wells Fargo senior analyst Jennifer Fritzsche …
Tower tech is rescued after a fall from a Georgia monopole
Update: July 26, 2016 – According to crew lead Moses Wright, in a Facebook post this morning, his co-worker on a three-man crew is “alive and well”. Wright said, “It was a 20-30 foot drop and he was stopped by landing on top of our co-worker. We are not sure at this time why his safety grab didn’t grab. We …
Top U.S. towercos eyeing Deutsche Telekom’s towers in Germany
As America gets ready to celebrate Independence Day on Monday, considered by some to be the original Brexit, Deutsche Telekom is prepping the sale of thousands of its German towers in a potential $5.5 billion deal. Goldman Sachs and Morgan Stanly are organizing the sale of the structures. SBA Communications, American Tower and Crown Castle are on the invite list, according to …
Crown Castle emerges as number one in the U.S. with their TDC 336 tower deal
Crown Castle International Corp.has announced that it acquired Tower Development Corporation (“TDC”) for approximately $461 million in cash. TDC, a portfolio company of Berkshire Partners, owns and operates 336 towers in the U.S. and Puerto Rico with an average tenancy of approximately two tenants per tower. The deal puts Crown Castle as the largest tower owner in the U.S., although …
Co-worker assists in tower tech’s rescue in Maryland
Update: April 7, 2016 – “The employee in distress informed the other crew members that he was in need of assistance and the other crew members immediately began the process to assist him off of the facility,” Steven Weber of Network Building + Consulting (NB+C) said in a statement to The Enterprise. The worker was taken to MedStar St. Mary’s Hospital, …
Popular analyst’s tower sector downgrade will be tested in coming weeks
Commentary It almost appears that journalists have keyboard reader software on Wells Fargo analyst Jennifer Fritzsche’s computer since as soon as she writes something – even a knee-jerk observation – it instantly appears in the media as unchallenged sacred telecom guidance. So it was no surprise when Fritzsche downgraded the tower sector on Friday that it would be picked up …
A bright future predicted for wireless work by leading industry experts at NATE UNITE 2016
As three leading industry experts gazed into their crystal balls Tuesday during their NATE UNITE 2016 presentation, “The Future of the Wireless Industry,” their consensus indicated a robust build program that could last for more than a decade. However, Clayton Funk of Media Venture Partners, Christopher Fisher, Cuddy & Feder LLP; and Robert Paige, Vertical Bridge, cautioned National Association of …
Workshop panelists ferret out tower climber concerns and possible solutions
During his opening statement at a Department of Labor / Federal Communications Commission tower climber safety workshop on Feb. 11, 2016, FCC Chairman Tom Wheeler said that “everybody has to be proactive,” emphasizing the need to champion pre-emptive strikes by all wireless industry stakeholders in order to continue to improve upon a lower climber fatality rate that was achieved in 2015. …
FCC and DOL’s tower climber safety and apprenticeship program’s workshop agenda set
As part of the Federal Communications Commission’s (FCC) and Department of Labor’s (DOL) efforts to reduce communications tower-related fatalities and injuries, the FCC’s Wireless Telecommunications Bureau (WTB), the Occupational Safety and Health Administration (OSHA), and the Employment and Training Administration (ETA) announce the agenda for their upcoming workshop on tower climber safety and Telecommunications Industry Registered Apprenticeship Program (TIRAP). As …
Crown Castle’s chief, Ben Moreland, to hand the reins over to CFO Jay Brown
The CEO of Crown Castle International Corp. will retire effective June 1, 2016, the Houston, Tex.-based wireless communications infrastructure provider announced yesterday during its analysts conference call. Ben Moreland will leave as the company’s president and CEO, but remain executive vice chairman of the board of directors. Jay Brown, the organization’s CFO will become president and CEO. Brown, a certified …
Sprint provides a sound thrashing to Re/code for their scoop that duped journalists, tanking stocks
Sprint: Towercos have nothing to worry about – for now At two conference calls this morning, Sprint said that an article by tech website Re/code on Jan. 15, 2016, was not accurate, and Sprint CEO Marcelo Claure, during a media call, said the misinformation regarding a Sprint radical network overhaul “caused a lot of damage”. Re/code had claimed, according to …
Sprint should have a sanity check before it commits ‘Network Suicide’ with its pole plans
By Iain Gillott – Commentary Much has been written and speculated in the last week about Sprint’s network plans after the publication of a Re/Code article and the plan to significantly cut network expenses. Aside from the resulting pressure on the stocks of several wireless companies, including Sprint’s, it also appears that the article has caused Sprint to move up …
Tower company executives’ ears will be on Sprint’s conference call tomorrow
Sprint moved its quarterly analysts’ earnings call to tomorrow morning in what some analysts believe is an apparent move to ease the concerns of investors after an article on a tech website said that the carrier was going to move its base stations from American Tower and Crown Castle sites to government properties “which costs much less”. The carrier had …
Report of Sprint dumping its tower companies is slowly being debunked as industry stocks nose-dive
After the media threw Sprint, American Tower, Crown Castle and SBA Communications under the bus during the past five days by republishing unsubstantiated statements that appeared on a tech website, without adding research of their own, editors are starting to reassess their ‘need to be first’ news blast that resulted in all four companies’ stocks tanking Friday. Sprint suffered the most …
Misleading Re/code Sprint story is long on conjecture, short on facts
Facts that would have made better reading and more sense By Ken Schmidt After reading Wireless Estimator’s article, “Towercos tank after radical unconfirmed report of government competition,” and seeing the original article from Re/code on Friday, I felt compelled to respond. It seemed reckless to me that a website like Re/code could publish an unconfirmed report, have it copied by …
Towercos tank after radical unconfirmed report of government competition
Report seen as ‘nonsense’ by siting professionals UPDATE, Jan. 19, 2016 – Deep diving industry expert Ken Schmidt has provided a detailed analysis of why Re/code’s “improper deductive reasoning” in their article doesn’t dovetail with available information regarding Sprint’s Next Generation Network. The story, published on Jan. 15, 2016, claimed that Sprint would be relocating its cell sites from American Tower Corporation …
Wireless workforce and supplier requirements for 2016 continue to be mostly upbeat
To project whether 2016 will be a banner, bust or somewhere-in-between year for wireless construction, and service and supplier providers, one has to simply search for the devil or angel that’s always in the details. Unfortunately, conflicting details and limited industry information clouds accurate projections. But the industry overall appears to be still creating jobs and there should be a robust …
Court rules that AT&T will stand trial in tower injury lawsuit along with other defendants
AT&T, Inc. was denied its request last week to be removed from a personal injury lawsuit brought by Thomas Jeglum, 26, against the company in the First Judicial District of Pennsylvania after the California tower tech suffered serious injuries when he fell in 2013 from a stealth tower site in Allentown, Pa. while performing an AT&T Mobility LTE upgrade. Judge John M. …
Lack of tower crews and antenna manufacturers cited as reasons to revisit repacking deadline
The National Association of Broadcasters has asked the Federal Communications Commission to reconsider the 39-month repacking window following next year’s TV spectrum incentive auction. The trade group commissioned a study from Digital Tech Consulting. The study concluded that the Commission’s three-month window for filing for construction permits falls well short of the actual time needed to submit and process the …
