American Tower Corporation (ATC) informed the FCC on Monday that their phased approach to transition TV stations to new channels, with an ambitious completion deadline of 39 months, should take into consideration same phase tower assignments, complicated sites, the availability of tower crews, and the assumption that Canadian crews may not be available to assist in the repacking efforts following the spectrum …
Investors shrug off Fool’s American Tower ‘big risk’ report
Last Wednesday, an article in The Motley Fool cautioned investors about a proposed Financial Accounting Standards Board (FASB) change that would be a huge risk to American Tower’s business model, and the author implored the nation’s second largest tower owner to take immediate steps to alert Wall Street as to how they were going to address that concern. As of …
RCom to sell majority ownership of 43,000 towers to Canadian-based Brookfield
India-based Reliance Communications (RCom) has signed an agreement with Canada’s Brookfield Infrastructure group to sell a 54% stake in the company’s tower unit comprised of 43,400 towers for $1.65 billion. American Tower Corporation reportedly had been looking to also acquire RCom’s portfolio. The remaining 49% will be owned by RCom which will continue to be an anchor tenant on the structures. …
Reports of Russia using its cell towers to stretch its defense system might be a stretch
In his rallies and presidential debates, Donald Trump said that he has a way of defeating ISIS and putting Russian President Vladimir Putin in his place. But the real estate mogul says he’s not releasing any further information because he wants to unleash his measures secretly. However, it appears that Russia, which normally keeps its defense system initiatives and actions close …
AT&T’s veiled tower lease ‘threats’ surface again with new onerous requirements
According to a number of news reports that republished information from an article by Fierce Wireless, AT&T is in a full-court press to force tower owners to take new restrictive terms or the carrier might relocate to an alternative site. The articles state that the push to lower rates dovetails with AT&T’s SVP of wireless network design Tom Keathley’s August …
Univision deal adds 66 broadcast towers to Vertical Bridge’s portfolio
Vertical Bridge, one of the largest private owners and managers of wireless communications infrastructure in the U.S, today announced that it has signed an exclusive five-year agreement with Univision Communications Inc. (UCI) to manage a portfolio of 66 premium broadcast towers in key markets located across the United States. Terms of the private transaction were not disclosed. Vertical Bridge’s portfolio …
FCC chief says the path to 5G has challenges and millions of antennas
FCC Chairman Tom Wheeler looked at the past, yesterday at CTIA 21016, to give a vision of the future, while also asking, “What do we need to do seize the 5G opportunity?”. One key requirement, according to Wheeler, would be to get local officials in municipalities to agree to the installation of 5G equipment to support the higher speeds that …
Sprint’s small cell delays may be worse than the industry thinks
By Ken Schmidt Sprint and Mobilitie’s innovative plan to build mini-macros Back in June of this year, the Wall Street Journal (WSJ) ran a story about Sprint’s use of “sidewalk utility poles” as a core element of their efforts to improve the Sprint network while reducing ongoing network operating expenditures. The article suggested that Sprint may have been delaying network …
In Agile agreement, Indiana throws in additional assets to meet tower leasing shortfalls
Agile Networks announced today, along with Indiana Governor Mike Pence, that negotiations have been finalized on an agreement that will license the state of Indiana’s communications infrastructure to Agile. The Indiana Finance Authority board approved the agreement this morning, pending review by the state’s legislative budget committee. The deal will have Ohio-based Agile put up $50 million immediately to Indiana …
In unique deal, CTI picks up 10 towers from Connoisseur Media for $4.1 million
Connecticut-based Connoisseur Media has announced that it struck a $4.1 million deal to sell a “package” of towers to Massachusetts-based CTI Towers. What may be an unusual deal was announced in an unconventional way along with the possibility of creative financing. In place of providing a joint press release announcing the agreement, Connoisseur CEO Jeff Warshaw copied a short article …
Civil lawsuit filed against Verizon as the culprit for tower collapses
A Massachusetts tower owner says Verizon acted without due caution in adding equipment to their tower, causing it to collapse in 2014, and they are suing the carrier for $477,000. In reply to the complaint, Verizon said that the damages were caused by “an act of God, and were not in reason preventable by human foresight, strength or care.” North …
Hugely profitable state-wide tower deal most likely will never be bested
Hybrid fiber optic provider Agile Networks has a sweetheart deal with Ohio’s state officials that will make all tower companies blush with envy. The Department of Administrative Services authorized Agile to sublease space on up to 82 state-owned communication towers that form part of the state’s Multi-Agency Radio Communications System. And with just one tenant on them such as T-Mobile …
Court strips the FCC of its power to preempt state laws
A circuit court of appeals dealt a severe blow to the Federal Communications Commission when it ruled today that the agency could not preempt state laws that restrict the growth of municipal broadband networks. In February 2015, the FCC voted to block laws in North Carolina and Tennessee that prevent municipal broadband providers from expanding outside their service areas. Chairman Tom …
Amended colocation agreement lessens historic preservation reviews and speeds up 5G
The Federal Communications Commission took another significant step to facilitate the deployment of infrastructure critical to ensuring American leadership on next-generation wireless service, or 5G. Building on previous infrastructure reforms, the Wireless Telecommunications Bureau signed an agreement to eliminate historic preservation review for small facility deployments across the U.S. that do not adversely impact historic sites and locations. The agreement …
One ‘tower treasure’ found by a landowner is worth at least a quarter million dollars
Tower techs frequently talk about ‘tower treasures’ that they find at a cell site left by previous crews, from hand tools to rigging blocks, and a host of other equipment. But it’s rare for a homeowner to discover that someone had built a multi-tenant tower designed for someone else and left it installed on his property, while another property owner benefited …
Alaska’s contractors could feel the pinch of GCI’s capex belt tightening
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 …
