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 …
South Florida Broadband Careers Awareness Day is expected to set the national template for other states
South Florida will host the first national Broadband Careers Awareness Day, a broadband industry coalition led by Broadband Careers and supported by Junior Achievement of South Florida and Neptuno USA, Corp. Open to the public at no charge (REGISTER HERE), the promoters have provided an opportunity for telecommunication companies, education providers, industry associations, and representatives of state, local, and federal …
Telecoms get rip and replace extension, but China-controlled equipment may be with us past 2024
The FCC has granted five telecom companies’ requests for additional time to “rip and replace” Chinese-manufactured equipment due to a shortfall of funding, supply chain issues, and workforce shortages due to factors beyond their control. The agency agreed to delay their deadlines, extending them all into 2024 with the following new dates: WorldCell, May 20, 2024; Mediacom, January 15, 2024; …
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, …
TechDash Telecom shutters its doors, swelling unemployment, but some companies are still hiring
After Fredericksburg, TX, TechDash Telecom ran out of cash when investment funding fell through, and they were aware that one of their lenders would be shortly filing a lawsuit since a note for $4,000,000 had matured, and the company was in default for nonpayment, the turnkey infrastructure company closed its doors on September 11, 2023, according to information obtained by …
AT&T CEO says not to worry, but new Verizon lead cable lawsuit tackles climbers’ future harm
AT&T’s CEO John Stankey said yesterday at a technology conference that tests conducted at several sites where the carrier has abandoned lead-clad cables have shown no risks of a public health crisis. His statement comes shortly after AT&T and Verizon investors filed similar securities fraud lawsuits after The Wall Street Journal published articles exposing that toxic cables are still in …
