Tillman Infrastructure, LLC, a leading provider of wireless communication infrastructure, announced this morning the completion of a financing package totaling $1 billion. The proceeds will refinance existing loans and provide additional growth capital to support the infrastructure needs of its wireless carrier and wireless infrastructure service provider (WISP) customers. “The Tillman Infrastructure team continues to deliver industry-leading solutions for our customers,” said …
Department of Labor’s new rule could transfer $1.5 Billion to workers in overtime pay
A new rule from the US Department of Labor unveiled on Tuesday will extend overtime eligibility to millions of salaried workers by raising the salary threshold in two phases. Starting July 1, the threshold will be set at $43,888 annually or $844 per week. It will increase to $58,656, or $1,128 per week, beginning January 1, 2025. According to the …
Sweeping FTC rule to eliminate noncompetes could boost wireless sector employment
UPDATE: Following the announcement of the FTC’s final rule, the U.S. Chamber of Commerce swiftly filed a lawsuit challenging the prohibition of non-compete clauses. The lawsuit contends that the FTC lacks the necessary authority under the FTC Act to regulate unfair competition methods. Moreover, according to the “major questions doctrine” as interpreted by the U.S. Supreme Court, the rule should be …
Russian missile successfully kayos a Kharkiv TV tower as tower tech warriors risk their lives to restore networks
On March 6, 2022, a Russian fighter jet attacked a television station in Kharkiv, Ukraine, releasing eight 1,100-pound bombs at the station’s 790-foot tower and the adjacent building. Despite substantial damage, the broadcasting infrastructure was quickly repaired, and operations resumed. However, a strike yesterday by a Russian cruise missile has now destroyed the upper portion of the fifth-tallest tower in Ukraine, achieving the …
DigitalBridge’s corporate move to downtown Delray Beach will provide an uptown setting for its employees
When a large corporation moves to a new headquarters, it’s often a problem for employees who have to relocate. Still, DigitalBridge’s announcement today that it is moving its entire staff north to a new mixed-use complex is being welcomed by employees since the move to Delray Beach from its Boca Raton, FL headquarters is less than six miles further or …
ISP given a $10,000 fine for lying about coverage said they didn’t take the time to read the FCC’s guidance
A broadband provider has agreed to a $10,000 settlement with the Federal Communications Commission (FCC) after confessing to falsifying its service area information. The provider, Jefferson County Cable (JCC) based in Toronto, Ohio, admitted inaccurately claiming it provided fiber services in regions it had yet to reach. Additionally, it has been revealed that the company submitted incorrect data to the …
‘Inchworm’ tower erectors’ desert demo video shows how robots can easily build lunar telecom towers
GITAI USA Inc. (GITAI), the space robotics trailblazer, unveiled a game-changing giant leap for moon construction automated tower erectors. They’ve pulled off a stellar first by showcasing their robot squad building a 16.5-foot-tall cell tower, mimicking moon-like conditions. This feat was a team effort with KDDI Corporation, a telecom giant from Japan, cheering from the sidelines. (SEE VIDEO BELOW) Here’s the …
Verizon’s Fresno faux brick building cell site is a slight to the community and an eyesore, residents say
OPINION — “What the’ x&!*’ is that monstrosity?” a member of the “For the Love of Downtown Fresno” Facebook group asked. “Looks like low-quality brick wallpaper,” commented another member. “This looks like crap, and if this is the finished version, I cannot believe the forward, thinking people who designed that,” a third member remarked. “It needs advertisements,” a fourth post …
Phoenix Tower International enters Ireland after acquiring Cellnex’s 1,900 towers for $1.1 Billion
Spanish telecom infrastructure company Cellnex has announced the sale of its Irish mobile tower unit to Boca Raton, Florida-based Phoenix Tower International (PTI) for about $1.1 Billion, equivalent to a multiple of around 24x EBITDA. This move comes as Cellnex, which currently manages approximately 1,900 tower sites in Ireland, aims to consolidate and simplify its corporate structure as part of …
Shentel strikes a $310 million deal with Vertical Bridge to sell its tower portfolio of 226 sites
Shenandoah Telecommunications Company (Shentel), a prominent provider of broadband services, including cable TV across the Mid-Atlantic region, has announced a significant transaction with Vertical Bridge Holdco, LLC, a company based in Boca Raton, Florida, led by President and CEO Ron Bizick. Shentel will sell its tower portfolio and operations to Vertical Bridge for $310.3 million in cash. This deal, expected …
Crown Castle boots Boots Capital and Ted Miller’s turnaround fiber plan to the curb
Twenty-two years after stepping down as Crown Castle’s leader, co-founder Ted Miller wanted back one of his old jobs. Still, after the company reviewed his resume as an applicant for Chairmanship and his plans to turn around the company’s lagging stock price, they rejected his employment on Tuesday. Crown Castle said it had confirmed that Boots Capital Management, LLC, which …
Murphy Tower Services and FieldSync Technologies’ strategic merger ushers in a new era for telecom
After a year of collaboration and proven innovation, Murphy Tower Service, a leading provider of construction and maintenance services, and FieldSync, a next-generation tower analytics provider, announced at NATE UNITE 2024 this morning a strategic merger that heralds a significant opportunity to provide services to their clients in the industry. However, both companies will maintain their well-established separate brand identities. “By joining …
Newly minted NATE UNITE customer diversification workshops will help its members thrive in today’s uncertain telecom landscape
With severe carrier capex cuts resulting in depressed earnings for many industry companies because they are too reliant on just a few customers, diversification becomes a critical strategy for sustainability and growth. NATE: The Communications Infrastructure Contractors Association, aware that many of its members are dependent on a limited client base, wants to assist them by presenting the organization’s 1st …
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 …
Study reveals 73% of underground fiber deployment’s cost is in labor, 67% for aerial
The Fiber Broadband Association has announced the results of its 2023 Fiber Deployment Cost Study, conducted by Cartesian, which provides the industry’s benchmark to help fiber broadband service providers evaluate their cost profile and identify areas of inefficiency. FBA’s comprehensive study identifies that, on average, labor contributed to 73% of underground build costs and 67% of aerial costs. The study also provides regional …
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 …
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 …
T-Mobile’s holiday contractors’ bonus: Up to a 50% cut in pricing because they paid too much in the past
In mid-November, T-Mobile began contacting construction contractors nationwide to submit their pricing for a proposal in 63 markets to agree with catalog pricing, ranging from a sector frame installation in Arkansas at $692 to $1,196 in California, according to documents viewed by Wireless Estimator. The variables in pricing make sense based on states or locations with higher pricing due to …
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 …
FBA and WIA spotlight TIRAP’s remarkable growth: From one company in 2017 to currently 100 employers
The Fiber Broadband Association (FBA) is celebrating the Wireless Infrastructure Association (WIA) and its Telecommunications Industry Registered Apprenticeship Program (TIRAP) as it signed an agreement with its 100th industry employer. FBA and other telecommunications companies and industry organizations work with WIA to develop apprenticeship programs accredited by the U.S. Department of Labor (DOL), including training for a broad range of career paths, including …
