Massachusetts-based CTI Towers, Inc., a wireless tower operating company in which Comcast Ventures is majority owner, has jumped back into the tower space following their announcement today that it has acquired 120 communication towers from Vyve Broadband, a Rye Brook, N.Y.-headquartered mid-sized MSO with towers in Okla., Kan., Ark., and Wyo. The deal, expected to close by year-end, will provide …
Digital Bridge and Stonepeak complete ExteNet Systems’ $1.4 billion recapitalization
ExteNet Systems, Inc., a leading independent provider of distributed networks enabling outdoor and indoor wireless connectivity, announced the successful completion of its recapitalization efforts, initially announced in July. The acquisition is led by Digital Bridge Holdings (Digital Bridge) and Stonepeak Infrastructure Partners (Stonepeak), which together head the consortium that invested or arranged over $1.4 billion capital, inclusive of equity and …
Phoenix Tower International closes its 600 T-Mobile tower buy
Phoenix Tower International (PTI) announces that it has closed its transaction with T-Mobile to acquire the ownership or management rights relating to over 600 wireless communication tower sites including the exclusive right to manage and operate the sites from T-Mobile. Terms of the transaction remain confidential between the parties. TD Securities LLC served as M&A Advisor to PTI and provided …
Mobilitie and Digital Bridge vie for ‘largest’ infrastructure bragging rights
Mobilitie LLC, announced it has closed a $325 million debt investment. Led by CIT Bank, N.A., and TD Securities (USA), LLC, the investment will continue to fuel the exponential growth of the company’s distributed antenna systems, small cell, communication tower and Wi-Fi business investments. The Newport Beach, California-based company took the opportunity in its press release last week to state …
Carriers say they’re being strong-armed with onerous Long Island lease requirement
Carriers leasing space on Riverhead, New York’s water towers have filed federal lawsuits claiming the Riverhead Water District is trying to “strong-arm” them into paying more by not allowing technicians onto the properties to repair and upgrade equipment until they agree to the new terms which the carriers believe are too high MetroPCS has leased space on the water tower …
Vertical Bridge picks up 200 Nsight towers, raising its count to almost 3000
Vertical Bridge, the largest private owner and manager of wireless communication infrastructure in the U.S., today announced it has closed a transaction to acquire the rights to over 200 wireless communications towers from Nsight Tower Holdings, LLC (“Nsight”), a major telecommunication service provider in the Midwest. Vertical Bridge will have the exclusive rights to lease and operate the portfolio of …
Tower owner skates on $231,000 in FCC fines by playing the wolf at the door card
Johnson Towers Corporation (JTC), an owner-operated Florida company, agreed to a consent decree with the Federal Communications Commission to pay $3,000 in three installments of $1,000 each year for not installing obstruction lighting on two antenna structures and update registration information with the FCC to show the dismantlement of a third tower. The company’s owner, Dan L. Johnson, agreed that …
SBA Communications sees 2016 growth outpacing 2015’s full year projections
In providing SBA Communications Corporation’s Q3 earnings report today, President and CEO Jeffrey Stoops said, “Our backlogs continue to grow, and our initial 2016 outlook reflects a higher domestic organic growth rate than we now expect for full year 2015. Our portfolio continues to grow as well. We now own over 25,000 sites.” “Our customers remain active,” Stoops said, “and …
One tower is surely not in step with American Tower’s upbeat Mexico outlook
American Tower Corp. CFO Tom Bartlett said during the company’s Q3 analysts’ conference call on Friday that Mexico had 90% wireless penetration, but only had 45% smart phone saturation. He also said that the growth potential was excellent since, “We believe, like Brazil, that the market needs twice the number of towers to support 4G over the long term.” He …
American Tower cautions investors that their MLA with AT&T isn’t expiring in 2016
In American Tower Corp.’s investors’ conference call this morning, EVP and CFO Tom Bartlett cautioned analysts that their master lease agreement (MLA) with AT&T was not expiring in 2016 when he was questioned by one caller regarding the expiration. Bartlett said he had seen that statement in some write-ups, but it wasn’t correct. In August, SVP and Treasurer Leah Stearns …
Crown Castle will reinstate gag order keeping them from discussing carriers
Crown Castle CEO Ben Moreland said yesterday during the company’s Q3 conference call that Crown’s executives used to refrain from speaking with any specificity about carrier deployments, but “over the last couple of years, we’ve sort of relaxed that standard, and probably spoken a little bit too much occasionally around specific carrier deployment plans.” But Crown’s easing of carrier build …
American Tower’s Viom deal puts their India tower count ahead of the U.S.
American Tower Corporation is paying $1.16 billion to buy a controlling stake in the Indian tower operator, Viom Networks. The deal, which was widely expected will see American Tower taking a 51 percent stake in the Indian firm, which currently owns and operates approximately 42,200 towers and 200 indoor distributed antenna systems across India. American Tower’s existing Indian portfolio of …
One towerco to own a mind-boggling 1.5 million towers in China in a $34 billion deal
Every large tower owner dreams of the day when they can boast that they’re the largest in the world. Those hopes were dashed yesterday with the announcement that the big three telecommunications operators in China have agreed upon an infrastructure-sharing joint venture, China Tower Corp. According to Barclays, the total tower count will be a staggering 1.5 million towers. The …
FCC Commissioner’s new tower builds is based on a hazy crystal ball
Commentary — Making subsidies more flexible and removing legal hurdles are two of several changes the Federal Communications Commission should make to advance wireless infrastructure development, FCC Commissioner Michael O’Rielly said Wednesday at the Competitive Carriers Association conference in Ft. Lauderdale, Fla. Another adjustment they should consider is providing their Commissioners with research that they’ve unearthed to provide direction rather than …
Central States Towers picks up $75m in new debt and equity financing
CIT Group Inc. announced that CIT Communications & Technology Finance served as sole lead arranger and administrative agent in a senior secured credit facility to Central States Tower (CST), a leading middle market operator and developer of wireless communications towers and a portfolio company of Sweetwater Capital, LLC. Terms of the transaction were not disclosed. “We have maintained a strong …
Tennessee tower consolidator G. Larry Wells dies at age 50
Chattanooga, Tenn. businessman G. Larry Wells Jr. died at his home in Hixson last night. He was 50. Wells, a native of Dayton, had developed a network of cell towers through his Wireless Properties firm. Wells had over 28 years of experience in the wireless communications industry. He began his career in 1985 when he operated a successful cellular telephone …
American Tower topples an Oklahoma tower while its sole tenant was broadcasting
UPDATE: Sept. 25, 2015 – Dale Bolton, High Plains Public Radio’s director of programming and operations, said today that he has been informed that an American Tower Corporation representative had called another individual within his organization on Friday afternoon prior to taking the KGUY tower down the following morning for safety reasons. However, Bolton said,”They were unable to get to Guymon to …
Clear Channel Outdoor Americas and Vertical Bridge announce landmark partnership
Vertical Bridge, the largest U.S. private owner and manager of wireless telecommunication infrastructure and Clear Channel Outdoor Holdings, Inc., a subsidiary of iHeartMedia Inc., today announced the signing of an exclusive multi-year agreement for the management and marketing of wireless deployment on Clear Channel Outdoor America’s (CCOA) billboards and other out-of-home assets in 45 of the top 50 U.S. markets. …
Time Warner’s fiber-optic backhaul supports close to 20,000 of the country’s cell towers
Charter Communications’ bid for Timer Warner Cable appears to have little opposition, and the $55 billion deal might be approved by the FCC by the end of the year. Included in the sale are two important industry assets, towers and backhaul. Although Time Warner’s total of 653 structures hasn’t grown considerably over the years, but will be complemented by Charter’s …
New top 100 U.S. tower owners unveiled with some first-time players and loss of a key owner
Wireless Estimator released today its top 100 tower companies in the U.S. that identifies the same three top consolidators as in previous years, American Tower Corp., Crown Castle International and SBA Communications taking the lead. Although first place American Tower is slightly ahead of Crown in the Top 100 U.S. Tower Companies list by less than 200 towers, it is an …
