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 …
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 …
NWSA sunsetting practical exams at the end of 2023 to benefit technicians and employers
The National Wireless Safety Alliance (NWSA) announced today that as of January 1, 2024, the organization will cease conducting TTT1 and TTT2 practical examinations in favor of enhanced written-only testing through online remote proctoring. In keeping with NWSA’s objective to continuously improve the fairness, validity, and reliability of its trade certification process, the NWSA Boards of Governors and Directors, following …
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 …
Dish Network stock dives following its CEO’s resignation, financial woes, and a steep drop in subscribers
Dish Network Corporation stock swung to a loss again this morning to $3.47 from yesterday’s close of $3.51, a severe loss from $17.16 where it traded last November. Dish reported a Q3 2023 loss of 26 cents per share on November 6, a surprise to Wall Street. Dish finished the quarter with 8.84 million pay TV subscribers, down from 8.904 …
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. …
Two more telecoms receive rip and replace extensions, one says it has problems paying its contractors
The FCC has extended the deadline for two more companies to rip and replace Huawei and ZTE Chinese-made network equipment in the Secure and Trusted Communications Networks Reimbursement Program. Both companies said the lack of funding was their primary concern, causing one company to delay contractor payments. However, last week, the Biden administration asked Congress for an additional $3.1 billion to “fully …
Eric Chase resumes CEO leadership of Ontivity; Ian Stringfellow is appointed as its COO
Ontivity, a leading national provider of wireless infrastructure services, has reappointed Eric Chase as Chief Executive Officer. The company said in a statement that the leadership move will fuel the company’s culture of growth. In September, Ontivity acquired Infinity Construction Solutions of Buford, Georgia. The company was integrated into Ontivity member company CMS Wireless. Chase takes over the reins from …
SpaceX says AT&T and RWA’s opposition to satellite direct to cell is a ‘desperate 11th hour campaign’
AT&T and the Rural Wireless Association (RWA) have coordinated “a desperate, 11th-hour campaign” to prevent SpaceX from testing its mobile coverage from space in partnership with T-Mobile with “baseless procedural claims while offering no substantive reasons” for denying its special temporary authority (STA) approval, SpaceX said in a filing with the FCC. Although Dish isn’t a voting carrier member of RWA …
