Shenandoah Telecommunications Company (Shentel), a prominent provider of broadband services, including cable TV across the Mid-Atlantic region, has announced a significant transaction with Vertical Bridge Holdco, LLC, a company based in Boca Raton, Florida, led by President and CEO Ron Bizick. Shentel will sell its tower portfolio and operations to Vertical Bridge for $310.3 million in cash. This deal, expected …
Having to sleep in a Faraday cage, Minnesota couple threatens ATC, T-Mobile and AT&T with a lawsuit
In 2008, Marcia and Jason Haller moved into their newly constructed home with an oversized free-standing garage in a peaceful setting in a rural area just north of Duluth, Minnesota. Within months, Minnesota Tower, Inc. erected a 295-foot guyed tower on leased land approximately 1,300 feet from Haller’s home, which was approved for construction by the FCC in 2007. Although …
Crown Castle boots Boots Capital and Ted Miller’s turnaround fiber plan to the curb
Twenty-two years after stepping down as Crown Castle’s leader, co-founder Ted Miller wanted back one of his old jobs. Still, after the company reviewed his resume as an applicant for Chairmanship and his plans to turn around the company’s lagging stock price, they rejected his employment on Tuesday. Crown Castle said it had confirmed that Boots Capital Management, LLC, which …
Co-founder launches Crown Castle proxy fight after being rebuffed by Elliott, to reshape its ‘ridiculed’ image
Ted Miller, the co-founder of Crown Castle, stated today that the U.S. telecom infrastructure firm could sell its fiber assets for up to $15 billion if he and his partners were added to the board of directors. In a conversation with Reuters, Miller expressed confidence that his team is ideally suited to secure buyers for the fiber division and to assist …
Stolen Alabama AM tower sparks a broader conversation about the station’s ‘bizarre’ operational history, and video debunked claims
Other than local, state, and industry media covering a communications tower collapse, unless it involves a fatality, failure incidents seldom get national legs. However, when an AM station general manager in Jasper, Alabama, reported earlier this month that vandals in the night had walked off with his 200-foot tower, forcing him off the air, it had all the right visuals, …
Unanticipated stop work order issued by concrete truck driver after he topples a 199-foot tower
While a contractor’s crew was attempting to finish a slab pour on Sunday for a foundation being installed for WNIX’s new transmitter building in Greenville, MS, a concrete truck driver backed into a guy wire, causing the station’s 199-foot tower to collapse. Larry Fuss, President and CEO of Delta Radio, the owner of the news-talk AM radio station, made the announcement …
Stealth steal: Vandals walk off with a 200-foot AM broadcast tower
On Friday, Brett Elmore, general manager of WJLX radio, a nondirectional AM radio station, went on Facebook and announced that someone had made off with his 200-foot-tall guyed tower from a site in Jasper, Alabama, that is located at a dead end near the sprawling Mar-Jac poultry plant. “This morning, my bush hog crew went down to a tower site we …
North Carolina copper theft suspect’s spree against AT&T ended in December but charges keep coming in
A 36-year-old Balsam Grove, North Carolina man facing 47 charges in Henderson County, North Carolina, also faces eight more charges in Buncombe County as investigators look into incidents of coaxial cable theft from cell towers. The Buncombe County Sheriff’s Office announced last week that Vincent DePaul was accused of stealing transmission lines from cell phone towers. After a month-long investigation, …
Former American Tower CFO Bradley Singer will now guide his former arch-competitor, Crown Castle
When American Tower Corporation (ATC) CFO Bradley Singer left the Boston-based company in 2008 for his new role as Senior Executive Vice President and Chief Financial Officer of Discovery Communications, LLC, he reflected upon his eight years at the company, stating,” I am gratified with what we have achieved together, and I believe that American Tower’s strategic and financial position and talented …
Taking editorial roads less traveled seen as the successful driver for Wireless Estimator’s 20th Anniversary
In 2004, two years before Facebook became accessible to the general public and Yahoo! Groups were getting their internet legs, there was the now-defunct Tower-Pro group. It boasted 2,200 members at its peak, and was one of the few vehicles offering news and only when a member posted a link. At that time, former journalist and veteran contractor in the …
Naked woman falls from the 175-foot level of a monopole and is snagged to safety by two firefighters
In an unprecedented rescue operation, firefighters in Gastonia, North Carolina, demonstrated incredible bravery and skill as they saved an impaired, naked woman who had climbed 175 feet up a 200-foot monopole cell tower owned by TowerCom. The incident unfolded off of Love Street on Sunday evening, leaving both the rescuers and the woman herself in awe of the outcome. Authorities received …
Injured tower tech rescued after falling from a “rat’s nest” tower site outside of Chicago
A tower tech is in stable condition after falling approximately 15 feet off a 65-foot monopole yesterday that sits atop the 125-foot tall Frankfort Grainery tower in Frankfort, Ill., a suburb of Chicago. At approximately 2:00 p.m., the Frankfort Fire Protection District received a 9-1-1 call that a tower tech had fallen and had a broken arm. After arriving at …
American Tower starts packing its bags with $2.5 billion for an India exit, leaving 78,000 towers behind
After a 16-year run in India, American Tower Corporation (“American Tower”) is exiting the country in a deal with Data Infrastructure Trust (“DIT”), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management (“Brookfield”), under which DIT will acquire 100% of the equity interests in American Tower’s operations in India. The deal would potentially represent up to approximately …
Starlink sets in orbit six satellites as America’s towers remain a fixed stable for communications
SpaceX marked the beginning of 2024 with a groundbreaking mission, launching on Tuesday the first six Starlink satellites equipped with direct-to-cell capabilities. Collaborating with T-Mobile, SpaceX aims to eliminate cellular dead zones in the most remote areas in the U.S. These six satellites will initially undergo testing in the U.S., and the service will initially offer text messaging. Subsequently, voice …
CTI Towers expands its footprint with acquisition of 56 towers in North Dakota
CTI Towers, Inc. (“CTI Towers”), a prominent player in the wireless tower industry and a portfolio company of Palistar Capital LP (“Palistar”), an alternative asset manager specializing in mission-critical communications and digital infrastructure, has unveiled its latest strategic move. The company proudly announces the acquisition of 56 towers in North Dakota from SRT Communications Inc. (“SRT”), the state’s largest telecommunications …
Towerco’s ‘synthetic’ leases surface in a 3,100 tower site deal that could be near $2 billion
Under the exploratory teaser name of Project Lighthouse, a U.S.-based towerco is looking to sell a portfolio of 3,100 real estate interests consisting of perpetual easements that might be sold at 25 times the $80 million base rent paid to the buyer, in the potential $2 billion deal, according to two Wireless Estimator sources familiar with the offering. For the …
North Carolina catches up to India’s ongoing homeowner lease scams
Ashe County, N.C. Sheriff B. Phil Howell is reaching out to residents, urging their support and collaboration in addressing a recent potential cell tower scam that has reportedly fleeced money from “many potential victims.” The Asche County Sheriff’s Office (ACSO) believes some homeowners may have fallen for this scheme, which may involve sending money for a deed search, cell tower …
TowerCo and Everest acquire 546 towers from Charter, which once had 1,200, lightly eclipsing CTI 525-tower deal
Everest Infrastructure Partners, Inc. (“Everest”) and TowerCo (“TowerCo”) have jointly revealed the acquisition of 546 wireless towers for an undisclosed amount from Charter Communications, Inc. (“Charter”) to be completed over multiple closings starting this month. The wireless tower assets included in this transaction are located in 37 states throughout the U.S. and collectively represent one of the more significant portfolio …
Crown Castle’s surprising about-face on Canonsburg relocation sparks employee confusion
Crown Castle Inc., in a dramatic turnaround, has left its employees in Canonsburg, PA, scratching their heads after abruptly canceling plans to relocate them to the corporate headquarters in Houston, TX. The decision comes following activist investor Elliott Investment Management’s call for changes within the company as CEO Jay Brown prepares to step down in January. Interim CEO Anthony Melone, …
Crown Castle CEO Jay Brown announces retirement amid activist investor pressure to resign
Communications infrastructure provider Crown Castle Inc. is undergoing a significant leadership change as CEO Jay Brown has decided to retire, effective January 16, 2024. The announcement comes amidst pressure from activist investor Elliott Management, which has been advocating for leadership changes and strategic improvements at the company. Brown’s departure follows a series of scathing critiques from Elliott, known for its …
