SBA Communications, the Boca Raton, FL-based tower owner that has long stood as one of the industry’s “Big Three” REIT landlords, is reportedly exploring strategic options, including a potential sale, after receiving preliminary takeover interest. Bloomberg News, reported Thursday that SBA is working with advisers as it evaluates that interest. If the process advances beyond the “exploring options” stage, it …
Verizon and SBA Communications announce long-term tower lease agreement
Verizon and SBA Communications have announced a new long-term agreement, securing a favorable framework that will drive significant cost certainty and support the continued expansion of Verizon’s world-class 4G and 5G services. This new agreement provides the flexibility needed for Verizon to be more nimble in managing its current infrastructure asset portfolio and deploying new technologies, ensuring coverage where customers …
Judge: American Tower can’t evict tenant owing over $500,000
A U.S. bankruptcy court judge in Utah has ruled that American Tower Corporation (ATC) cannot kick its tenant off of a number of their towers until March 8, 2017 if ATC and Rich Broadcasting Idaho, LLC (RB) do not reach an agreement on amended or new leases – an action that is highly unlikely. According to court documents, RB owns radio …
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 …
