The nation’s big three publicly traded tower companies have released second quarter earnings this month and spent time with analysts on their calls, highlighting marked improvement in some areas and offering encouragement of what they believe will be increased revenues as 5G is rolled out. There were also some less than encouraging summaries within their reports, but the Street shrugged them …
Pai promises to put his boots on and get on the steel after hearing ribbing
At an FCC House oversight hearing yesterday, tower climbers took center stage when Congressman Pete Olson threw a ‘curveball’ at FCC Chairman Ajit Pai, when he jokingly suggested that Pai should climb a tower as Commissioner Brendan Carr had done recently in South Dakota, as can be viewed in the above video. That forced Pai to take advantage of Olson’s levity …
Monopole paint job gets too up close and personal with 132 cars
Some contractors that have been painting towers for years might have painted something other than the intended structure due to an unexpected gust of wind or a wand or other spray rig malfunction, but an Iowa contractor last month tallied 132 reasons why you shouldn’t trust Mother Nature. A crew from TeleWinCom Inc. painted an SBA Communications monopole off of …
‘Disruptive’ tower builder Tillman gets bankrolled with a billion dollars
Build-to-suit developer Tillman Infrastructure, currently building sites in over 36 states across the U.S., will receive up to $1 billion in additional funding from La Caisse de dépôt et placement du Québec (CDPQ) and global investment manager AMP Capital, with an initial investment of $500 million. Tillman’s biggest clients are AT&T and Verizon. Both carriers last year announced a joint …
AT&T and T-Mobile rumble in the 5G buildout PR jungle over city choices
AT&T said Friday that it plans to begin introducing mobile 5G to customers in a dozen cities this year, and they’re adding Charlotte and Raleigh, N.C. and Oklahoma City as the next three identified cities for their buildout, the carrier said in a press statement. These cities will join their previously announced cities of Dallas, Atlanta, and Waco Earlier this year, T-Mobile said it plans to …
Vertical Bridge’s collection chances increase with iHeartMedia bankruptcy court action
Vertical Bridge, one of bankrupt iHeartMedia’s largest unsecured creditors, might have a better chance at securing its past due lease revenues following a filing from iHeartMedia’s unsecured creditors to a Texas bankruptcy judge on Monday that could affect the media giant’s creditors’ Chapter 11 recoveries. The committee of unsecured creditors want to prosecute and settle claims based upon allegations that many …
CTI Towers appoints Kevin Travelstead as its Director of Sales
CTI Towers announced today it has named Kevin Travelstead its Director of Sales. Travelstead has been in the wireless industry for over 20 years with extensive experience in marketing and selling network development services. For Cary, N.C.-based CTI Towers, Travelstead will be responsible for leading the marketing and sales of the company’s tower assets. “Kevin has a wealth of industry …
AT&T takes American Tower to court in widening lease rates rift
In a lawsuit made public on Monday by AT&T Mobility LLC in Delaware Chancery Court, the carrier is alleging that American Towers LLC is not complying with amendments to leasing agreements for many thousands of towers that AT&T co-locates upon. In the complaint, AT&T is requesting the court to enforce what it believes is a binding agreement, that ATC disagrees …
AT&T needs to put part of their newfound billion dollars into workers’ billfolds
Commentary AT&T recently increased their wireless revenue just south of $1 billion by sneaking in an increased “administrative fee,” a line item squeezed in at the bottom of their monthly bill that will not be noticed by most of their 64.5 million wireless customers since it’s only $1.23 extra a month. In a statement to Fortune after being called out …
With stark differences after 20 years, another powerful towerco will start trading
American Tower, the first major U.S. towerco to go public on July 8, 1998, will have a 20-year head start on China Tower when the world’s largest tower owner starts trading next month on the Hong Kong Stock Exchange, but down the road China Tower could become a serious competitor. Other than sharing the same IPO month, an average 5-year lease term and …
Politics and alleged propriety software theft unveiled in lawsuit against American Tower
A small Massachusetts software developer is alleging that through their proprietary analytical tools they identified in proof of concept testing that ATC’s Brazilian subsidiary (ATB) was missing the opportunity to capture millions of dollars’ worth of additional annual cash flow, and according to a complaint filed in Massachusetts U.S. District Court by CellInfo, they said they also found “safety shortcomings, …
Industry pride shines as Pat Cipov is selected as Wireless Hall of Fame honoree
Accolades from all quarters of the industry have been coming in for Pat Cipov who was selected by the Wireless History Foundation (WHF) last week as one of its 2018 Wireless Hall of Fame honorees – the most recognized and highest honor acknowledging the leadership, innovation and achievement of each honoree in the wireless industry. In making the announcement, the …
Towerco financial support of wireless workers accelerates with a ‘buck a tower’ sponsors
The Tower Family Foundation (TTF), a 501c-3 non-profit, today recognized the updated support of tower owner/vertical solutions provider companies who are donors to the organization’s “$1 Per Tower” fundraising campaign with towercos Cellcom, Performance Development Group, Ltd. and Vogue Towers joining the inaugural list of donor firms participating in the capital campaign. The “$1 Per Tower” effort involves firms who …
T-Mobile/Sprint say they’re giving a wedding gift to the U.S. of $40 billion
T-Mobile has taken the next step in their merger with Sprint by filing their Public Interest Statement with the FCC emphasizing to regulators that the public will benefit from the merger. In making the announcement, CEO John Legere echoed the ever-popular need to be first with 5G, stating, “If we don’t take decisive, positive action, we risk ceding global leadership …
ATC misjudges industry pushback and pulls back onerous contractor amendment
In a measure to prevent other towercos from building sites near their structures, and obtain some of their tenants with more favorable lease rates, American Tower Corp. informed their contractors late last month that if they assisted in the construction of a macro tower site within one-half mile of one of their existing towers they would be dropped from their …
Verizon exploring legal action against ATC in using contractors as hostages
American Tower Corp.’s demand letter to contractors stating that if they assist in the building of a macro tower site within one-half mile of one of their existing towers that they will no longer be able to do any work for ATC, and possibly be excluded from working for other carriers on an ATC site, has raised the ire of Verizon …
American Tower to competition’s contractors: Our way or the highway
To lower carrier lease rates, AT&T, Verizon and Tillman Infrastructure last year announced a joint agreement to build hundreds of cell towers, some for new macro builds, others for “build-to-relo”. The major towercos quickly and cavalierly dismissed their efforts as non-hazardous to their business model’s health. But last week American Tower Corp. let it be known that they are concerned and …
Settlement of $4.25 million to a first responder’s family after telecom tower collapse
The family of a Nutter Fort, W. Virg. firefighter was awarded a $4.25 million settlement agreed to by the Harrison County Court System yesterday. The resolved lawsuit and details from the defendant’s bankruptcy also bring into question whether better vetting of a contractor could have prevented his death. Michael Garrett was responding to a tower collapse on Feb. 1, 2014 when the …
From the Bronx to Boston, Crown’s employees made a meaningful difference
More than 1,700 Crown Castle employees participated in a day of service earlier this month, contributing more than 7,036 hours of planting, building, painting and cleaning up the nation’s parks. On May 9, Crown hosted the day of service as part of its Connected by Good community parks initiative. Doubling its efforts from last year, Crown identified 22 parks in …
Crop duster pilot killed as he topples 1,040-foot Oklahoma tower
Update: May 31, 2018 -Andrew Deterding, 57, of Pond Creek, Okla., owner of Andy Deterding Ag Aviation, who was flying an S2R-T34 Thrush plane on Wednesday when the aircraft struck a radio tower guy wire, has been identified as the deceased pilot. A post on his Facebook page, written by one of his children, states Deterding’s memories and stories will live on through “every …
