Alaska’s General Communication, Inc. (GCI) announced yesterday that its deal to sell approximately 275 urban wireless towers and rooftop sites to Florida-based towerco Vertical Bridge closed Monday, providing the company with approximately $90 million in the transaction that was announced in May. The largest Alaska-based and operated, integrated telecommunications provider, however, also announced some unsettling news to its vendors and …
A large chunk of capital will help InSite expand its national presence
InSite Wireless Group, LLC (InSite) today announced that Macquarie Infrastructure Partners III (“MIP III”)—as part of an initial investment of approximately $280 million—has acquired a 42.5% equity interest in the company from Catalyst Investors II, L.P. and other minority investors. MIP III has also committed to additional future investments to promote InSite’s continued growth. InSite owns, operates, and manages wireless …
American Tower’s chief says pressures to lower their tenant rates aren’t working
During American Tower Corporation’s second quarter earnings analysts’ call yesterday, President and CEO James Taiclet fielded questions regarding whether the company might need to reduce its carriers’ tenancy rates. Taiclet said, no. Answering Barclays analyst Amir Rozwadowski’s question regarding concerns about future lease escalator rates, with some carriers expressing “some consternation about how the compounding growth outlook of that cost …
The sky doesn’t appear to be ready to fall upon tower company stocks anytime soon
Almost four months ago, a well-respected telecom financial analyst downgraded the public tower companies, later citing that she believed that a couple of the major carriers may be trying to bypass the major towercos – or at least presenting that posture so that they could control rising rent escalators. In a March 4 statement, Wells Fargo senior analyst Jennifer Fritzsche …
New FAA rules will require some 50-to-200-foot towers to be marked
Last December, the FAA established new obstruction lighting and marking rules, and Wireless Estimator developed a handy industry reference tool that breaks down and easily explains the 90-page document’s changes from the previous advisory circular. However, the most current regulations will likely be changed again by the FAA within the next year when certain towers, in the 50-to-200-foot in height …
Tower owner Digital Bridge spreads its wings with a major data center acquisition
Digital Bridge Holdings announced today the acquisition of DataBank, Ltd., a leading North American provider of enterprise-class data center solutions including colocation, managed services, as well as cloud and network services. Digital Bridge has partnered with Teachers Insurance and Annuity Association of America, Allstate Investments and The Edgewater Funds in the acquisition. Financial terms of the transaction were not disclosed. …
Lease buyout firm Unison cuts back its staff while selling off some assets
Cell site lease buyout firm Unison Site Management has sold 760 leases to competitor Melody Wireless Infrastructure for an undisclosed amount, according to a press release from Melody. Omar Jaffrey, Managing Partner at Melody Capital Partners, and CEO of Melody Wireless Infrastructure stated: “This latest acquisition will solidify Melody’s presence within the wireless infrastructure ecosystem and directly aligns with our …
Questionable generator footprint could cost American Tower up to $140,000
A real estate investor bought a Roanoke, Va. property last May that had American Tower Corporation enjoying a small leased portion of the 2613 Franklin Rd. site for a multi-tenant tower, but after Farrell Properties, Limited reviewed the lease documents, they’re claiming that ATC had encroached upon land outside of their leased area and put in a generator, and they …
GCI feels the FCC’s wrath again, this time for 911 outages costing them $2.4 million
The Federal Communications Commission’s Enforcement Bureau has reached a $2.4 million settlement with General Communication, Inc. (GCI), resolving an investigation into five 911 service outages that occurred on the company’s wireless network in various parts of Alaska between August 2008 and April 2016. As part of the settlement, GCI has agreed to strengthen its procedures for providing 911 service and …
Top U.S. towercos eyeing Deutsche Telekom’s towers in Germany
As America gets ready to celebrate Independence Day on Monday, considered by some to be the original Brexit, Deutsche Telekom is prepping the sale of thousands of its German towers in a potential $5.5 billion deal. Goldman Sachs and Morgan Stanly are organizing the sale of the structures. SBA Communications, American Tower and Crown Castle are on the invite list, according to …
Tower workers compensated for heights and dangers while building the CN Tower
Canada celebrated Toronto’s iconic 1,815-foot CN Tower’s 40th birthday yesterday as many of the iron workers who built it, lots of them now in their seventies and eighties, possibly celebrated that they weren’t killed during construction due to what appeared to be limited use of personal fall protection. But many of them photographed without any harness on didn’t appear to …
Vertical Bridge uses 1,500 tower sites to close on $321 million in funding
Vertical Bridge, the largest private owner and manager of wireless communication infrastructure in the U.S., today announced it has closed on a $321 million asset-backed securities offering led by Deutsche Bank Securities and Barclays. The issuance, which is secured by more than 1,500 Vertical Bridge tower sites across the U.S., gives the company additional flexibility to continue its real estate …
Communications Sales & Leasing to acquire Tower Cloud
Communications Sales & Leasing, Inc. (CS&L) announced today that it has entered into a definitive agreement to acquire privately-held Tower Cloud, Inc. for $230 million in cash and stock. Tower Cloud is a leading provider of data transport services, with a particular focus on providing infrastructure solutions to the wireless and enterprise sectors, including fiber-to-the-tower backhaul, small cell networks, and …
US Cellular gets a wrist slap for violating FCC environmental rules
The Federal Communications Commission (FCC) notified United States Cellular Corporation (USCC) last Thursday that it had failed to comply with the Commission’s regulations regarding the National Environmental Policy Act of 1969 (NEPA) and other federal statutes when it constructed a tower in Harvey, Ill., and New Buffalo, Mich, in 2007 and 2008. The agency said the carrier did not file …
Sprint’s small cell deployment snags seen related to permitting difficulties
Sprint’s plans to deploy up to 70,000 small cells throughout the country have hit a number of permitting roadblocks, according to an article by Ryan Knutson of The Wall Street Journal published Tuesday that indicates that the Overland Park, Kan.-company is struggling to roll out its small cell densification network project. Sprint’s primary contractor for the turnkey installations is Mobilitie …
Vertical Bridge deal adds 1,000 building opportunities to its portfolio
Vertical Bridge, the largest private owner and manager of wireless communications infrastructure in the U.S., today announced the signing of an exclusive five-year agreement with The RMR Group to market and master lease telecommunications sites at more than 1,000 RMR managed buildings. Terms of the transaction were not disclosed. The RMR Group’s managed assets include hotels, travel centers, healthcare, senior …
Key executives at WIA: The tower biz is still where you want to be
When the Wireless Infrastructure Association’s (WIA) annual “View from the Top” presentation kicked off at yesterday’s Dallas, Tex. conference, audio problems kept the packed audience craning their necks for about 10 minutes to hear what was being said. But when WIA President and CEO Jonathan Adelstein restarted the session from the beginning, it was crystal clear to attendees that 2016 …
TowerCo eyes new acquisitions and build-to-suits after its $244 million tower sale to Grain
Company officials at TowerCo have announced the sale of 253 towers and 95 other assets to Grain Infrastructure II, L.P., a private equity firm in Sarasota, Fla., for $244 million. The sale marks the third portfolio of towers and assets sold by TowerCo since 2008 when the company sold 430 towers to SBA Communications for $193.5 million. The sale elevates …
Blue Sky gets additional funding as Vertical Bridge gets an additional 275 towers
Peppertree Capital Management has increased its funding commitment to Blue Sky Towers from $80 million to $120 million as towerco Vertical Bridge and General Communication, Inc. also announced today that they have signed an agreement to acquire 275 sites from GCI’s wholly-owned subsidiary, Alaska Wireless Network (AWN). “We are very proud of our accomplishments to date and consider ourselves fortunate to …
An engineer’s report has officials on edge over a possible tower failure
UPDATE: May 4, 2016 – Paulding, Ohio village officials have determined that a 400′ guyed tower is not a danger to the community after reviewing a second engineer’s report, and have opened Fairground Rd. As suspected, the reported overloads were due to the fact that the newer ANSI/TIA-222-G standard includes more stringent ice requirements, compared to the 222-F standard which was …
