If you reside in Westlake, Texas, you’re part of the wealthiest community in the state, where the average home sells for nearly $5 million, and the mean household income soars to $508,000. In this exclusive enclave, dandelions dare not blemish the meticulously manicured lawns; luxury is the norm. However, even in a town that Forbes once named the most affluent …
In mixed ruling, Ninth Circuit invalidates FCC’s concealment provision, citing procedural missteps
On Friday, the United States Court of Appeals three-judge panel for the Ninth Circuit issued a mixed ruling in a case brought by several California cities and organizations against the Federal Communications Commission (FCC) regarding its 2020 Ruling that clarified regulations for modifying wireless communication facilities.” The ruling is a response to a 2020 FCC clarification of its existing rules …
Verizon’s nearly $2 billion severance charge sparks speculation of tower sale as financial pressures mount
According to a regulatory filing, Verizon expects to incur a severance charge between $1.7 billion and $1.9 billion in the third quarter of 2024. This is part of a voluntary separation program the company announced in June, targeting select U.S.-based management staff. As a result of the program, approximately 4,800 eligible employees are expected to leave Verizon by the end …
American Tower exits India market in $2.3 billion deal as it cuts its global portfolio by one third
American Tower Corporation (ATC) has officially exited the Indian telecom tower market, completing a $2.2 billion deal with a Brookfield-led consortium. This marks a significant shift in India’s telecommunications landscape. The consortium, which includes Brookfield Asset Management, British Columbia Investment Management Corporation (BCI), and GIC, has acquired approximately 76,000 telecom towers from American Tower. The buyer, Data Infrastructure Trust …
Lather, rinse, fraud: FCC Ponzi cell tower scammer Merced-Torres can’t stop repeating himself
A man previously convicted for orchestrating a multi-million-dollar cellular tower investment fraud, after serving years in jail, once again has found himself behind bars. Miguel Merced-Torres, 57, who served six years in prison for his role in a $14.2 million Ponzi scheme, has admitted to carrying out a near-identical scam, defrauding unsuspecting investors while still under supervised release. His second …
Elon Musk confirms T-Mobile will get exclusive access to Starlink mobile internet for one year
Elon Musk’s Starlink and T-Mobile have partnered to expand mobile coverage by using Starlink’s low-Earth orbit (LEO) satellites. This collaboration aims to eliminate dead zones in remote areas, providing connectivity even where traditional cell towers don’t reach. The service is intended to extend T-Mobile’s network coverage to rural and isolated locations by enabling compatible T-Mobile devices to connect to Starlink …
Lawsuit seeks $6 million from an airplane’s insurer after a crash destroyed a radio station’s tower
Agape Broadcasters, Inc., a Christian radio station operator, has taken legal action against American National Property and Casualty Company (ANPAC) to enforce a $6 million judgment against the estate of Marcus Todd Sampson, whose aircraft crash in 2018 destroyed the 1,800-foot KATC TV 3 tower in Kaplan, Louisiana where Agape was the sole tenant. The tower was critical for broadcasting …
DigitalBridge to expand Japan’s telecom sector with the acquisition of JTower for $631 million
In a landmark deal, DigitalBridge Group, Inc. has announced its acquisition of Japan-based JTower Corporation. The acquisition, executed through a tender offer, is a significant step in DigitalBridge’s strategy to expand its global footprint and enhance its presence in the rapidly evolving Japanese telecommunications market. DigitalBridge, through its subsidiary DB Pyramid Holdings, will acquire JTower’s common stock and stock acquisition …
Court says workers’ compensation law provides SAC with immunity from tower site electrocution lawsuit
The Eleventh Circuit, a federal court with appellate jurisdiction over the district courts in Alabama, Florida, and Georgia, on Wednesday, declined to renew a lawsuit against SAC Wireless LLC by a crane oiler who was electrocuted and seriously injured while helping remove a crane from an American Tower site in Georgia. The court ruled that the worker was an employee …
Louisiana tower tech gets up to 20 years for killing a crew leader at a Nebraska work site shooting
David Phillips Jr., a 22-year-old tower technician from Kenner, Louisiana, was sentenced Monday by Nebraska Judge Bryan Meismer in Cedar County District Court to two to 20 years in prison for the involuntary manslaughter of his coworker, crew leader Israel Matos-Colon, of Puerto Rico, on March 1, 2023. With the days already credited to his sentence, he will be eligible …
Verizon said to be readying a sale of up to 6,000 of its cell towers
New York-based Verizon is reportedly exploring options to sell thousands of its mobile network towers in the US, reported Bloomberg today. According to sources familiar with the matter, the telecom giant has hired advisers to gauge interest from potential buyers for a package of roughly 5,000 to 6,000 towers. This move could potentially bring in more than $3 billion; though …
Two California counties wanted $25.5 million for student towers; FCC denies holey Trinity application review
The Federal Communications Commission (FCC) has released an order denying the Trinity County Connectivity Consortium’s request for $25.5 million in funding from the Emergency Connectivity Fund (ECF) to construct 16 wireless towers in Trinity and Humboldt County, California. In reviewing their previous denial, the FCC found that the application was flawed, full of holes, and did not meet the eligibility …
NTIA approves BEAD proposals for New Hampshire, Colorado, Illinois, Oregon and Puerto Rico
The National Telecommunications and Information Administration (NTIA) has approved the Broadband, Equity, Access, and Deployment (BEAD) initial proposal volumes two for Illinois, Oregon, Colorado, New Hampshire, and Puerto Rico, advancing efforts to close the digital divide. This approval grants these states and territory access to over $3 billion in funding aimed at providing affordable, reliable, high-speed internet service to all …
Dish adds another cut to the possibility of the contracting industry’s ‘death by a thousand cuts’
In a recent legal battle, Dish Wireless Inc. emerged victorious against Crown Castle USA Inc., with a Denver jury ruling on April 11, 2024, that Dish did not violate the 30-year master lease agreement between the two companies. The dispute centered around Dish’s use of an additional three feet of space on cell tower sites, which Crown Castle claimed should …
American Tower is gaveled a $4 million award: Court says yes, tenant’s wallet says no
In a recent decision from the United States District Court for the District of Colorado, Judge Charlotte N. Sweeney granted a motion for default judgment in favor of American Tower Corp. against TPT SpeedConnect LLC (TPT), a subsidiary of TPT Global Tech, Inc (TPTG). The court’s ruling, issued on June 11, 2024, orders TPT to pay a sum of almost …
Florida contractor’s owner succumbs from a 200-foot fall off a Crown Castle cell tower in North Carolina
A 52-year-old owner of a Kissimmee, Florida, contracting company that specialized in structural reinforcements and welding passed away on Monday when he fell from a Crown Castle tower in Shelby, North Carolina. Wireless Estimator has identified the deceased as Jose Ramiro Covarrubias. He fell from a 300-foot self-supporting tower around noon. The circumstances leading to his fall are still under …
Nebraska Fire Chief: Tower crew should be credited with tower technician’s rescue
Although media reports said that the York, Nebraska Fire Department and other agencies helped to extricate a tower technician whose hand was reported to have been pinned by a mounting frame on top of a cell tower on Tuesday in Fairmont, York Fire Chief Tony Bestwick informed Wireless Estimator on Wednesday that it was the worker’s crew members who went …
Crown Castle announces significant job cuts amid industry uncertainty
Crown Castle USA Inc. has announced it will cut 10% of its workforce and close certain offices as part of a broader effort to reduce costs and refocus its capital expenditures. The telecommunications infrastructure company detailed these measures while outlining its strategic review and plans for the future. Capital Expenditure Reductions Crown Castle stated it would lower its capital expenditures …
U.S. Cellular to retain tower operations amidst $4.4 billion acquisition by T-Mobile
In a strategic move within the telecom industry, T-Mobile has announced an agreement to purchase U.S. Cellular’s wireless operations and select spectrum assets for $4.4 billion. This deal, which combines cash and up to $2 billion of assumed debt, is a significant step in T-Mobile’s ongoing expansion strategy, bolstering its position in the market following its recent acquisition of Mint …
Judge throws out Vertical Bridge’s trade secret lawsuit against Everest Infrastructure in Pennsylvania
The United States District Court for the Western District of Pennsylvania has dismissed the lawsuit filed by Vertical Bridge REIT, LLC and its subsidiaries against Everest Infrastructure Partners, Inc. The lawsuit, which included allegations of trade secret misappropriation, violations of the Lanham Act, and other claims, was dismissed without prejudice by Judge W. Scott Hardy. Vertical Bridge initially filed the …
