A 30-year-old San Antonio, Texas man was sentenced Wednesday in a federal court to six and a half years in prison for being a felon in possession of a firearm and setting fire to approximately 22 cell towers, according to court records. In a statement, prosecutors said Sean Aaron Smith “maliciously attempted to damage and destroy, using fire, multiple cellular …
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 …
“Rip and Replace” remains in limbo as only five unidentified telecom companies replace Chinese equipment
The Federal Communications Commission (FCC) published a report for Congress, underscoring that only five telecommunications companies have concluded the removal of technology equipment provided by firms closely associated with the Chinese Communist government. Based on the latest status reports and final certifications, the Bureau estimates that approximately 10% of recipients have completed the permanent removal, replacement, and disposal of all …
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 …
Thieves find it more profitable in India to steal the entire cell site instead of stripping cable
Thieves normally specialize in stealing batteries or transmission lines at communications sites in the U.S., but in an incident in India, thieves went for the full monty, stealing the entire cell site. The theft occurred last March but wasn’t reported to authorities until last week in Uttar Pradesh’s Kaushambi district, where a cell tower, standing at 165 feet and weighing …
Crown Castle CEO Jay Brown must go, says Elliott Investment Management, after investing $2 billion
Elliott Investment Management L.P., which manages funds that collectively have an investment of approximately $2 billion in Crown Castle Inc., released a letter and presentation today detailing its perspectives on the company’s history of underperformance and calling for significant changes. One of those adjustments is for the Board of Directors to immediately provide an interim CEO to replace Jay Brown, who has held that position …
Delusional ‘Postmaster General’ serial coax thief Douglas Lee arrested again in North Carolina
In August, Yadkin County NC Sheriff’s Office investigators received a report that someone had climbed a tower in East Bend and cut off several hundred feet of coaxial cable that would likely be sold to a scrap metal firm. In October, another Yadkin County theft of copper cable was reported in Yadkinville. Detectives, with the assistance of AT&T Mobility Services, …
Big policy decisions loom over the future of America’s wireless networks, says WIA CEO Halley
By Patrick Halley, President and CEO, WIA – Wireless Infrastructure Association Access to broadband – fixed and mobile – is table stakes for participation in today’s Internet-driven economy. Hence the billions of dollars coming out of Washington to connect every unserved home in America. That’s good news for consumers who remain on the other side of the digital divide. Beyond a …
After an excellent Q3 financial report by DigitalBridge, the stock unexpectedly falls off a cliff
When American Tower Corporation (ATC)) released its Q3 earnings report on October 26, 2023, analysts were pleased with the company, beating its earnings per share of $1.26 by 11.51%. The company also had a surprise increase in revenue of 2.10% at $2.82 billion. Although ATC cautioned that its 2024 expectations might be slightly lower since annual 5G investments by U.S. …
Following a tech’s death, the industry unites for best practices for wire mesh grips in new NATE advisory
After a 32-year-old tower technician passed away last December in Texas and Wireless Estimator identified that a hybrid cable hoisting grip failure might have caused the fatality, NATE: The Communications Infrastructure Contractors Association engaged a Hoisting Grip Task Team to examine the use of wire mesh grips (WMG), and they provided initial guidance. Those subject matter experts within the industry, …
