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 …
SBA Communications’ ‘improper accounting’ whistleblower act charge is denied by court
A U.S. District Court judge has denied a former SBA Communications employee the right to sue under the Florida Whistleblower Act (FWA) since the alleged request for her to create false assets was not a company policy, but the court will hear her remaining three discrimination complaints filed in Palm Beach County, Fla. On October 7, 2014, former SBA employee …
Sheriff’s report: Woman’s death in March was 2015’s first fatality
Although OSHA has not stated whether 28-year-old Stephanie Gurney’s death on March 28, 2015 was industry related when she fell off of an SBA Communications tower near Eden, Tex., a Concho County Sheriffs Office Deputy’s report obtained by Wireless Estimator identifies that the woman was being assessed for her ability to climb by the owner of Jostan Communications for possible …
Four new lawsuits claim tower owner and its engineer are liable in deaths and injuries
UPDATE: June 9, 2015 – Wrongful death lawsuits have been filed on behalf of the administrators of Kyle Kirkpatrick and Terry Richard, both of Oklahoma, who were both killed when an SBA Communications tower collapsed on February 1, 2014, and personal injury lawsuits were filed on behalf of Randall McElhaney, of Texas, and Jerry Hill, of Oklahoma, who also sustained …
Industry’s 2015 fatality record still undecided as OSHA continues to investigate woman’s death
Whether or not the industry this year is close to having no fatalities for the longest period of time since deaths have been accurately tracked since 2003 will not be known until the OSHA Austin, Tex. Area Office makes a decision as to whether a fatality near Eden was training related or an unauthorized climb of a tower technician’s girlfriend. …
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 …
Analyst accuses American Tower of possible fraud as Wall Street falls in love with SBA
Update: July 18, 2013 – American Tower Corporation President and CEO James Taiclet, Jr. told CNBC Mad Money’s Jim Cramer last night that he wanted to set the record straight, stating that the Muddy Waters report writer didn’t fully understand the way in which the company funded its Brazilian transaction and they filed a report with the SEC identifying that the …
