Crown Castle announces new CEO, better than expected numbers
Crown Castle International announced both its fourth quarter financial results as well as plans for a new CEO this week. The company's CFO Jay Brown is set to take over as both CEO and president from Ben Moreland beginning...
Report on Sprint network hit tower stocks hard
A now highly disputed article from Re/Code reported Sprint would be moving away from traditional cell towers and instead focus on microwave backhaul and "government owned properties." The report sent investors in tower companies and people all across the...
Stocks for Sprint and major U.S. tower companies fell dramatically after rumors the carrier was moving away from macro sites surfaced late last week. Sprint’s stock dropped 9% on Friday while American Tower, Crown Castle and SBA Communications lost 3%, 6% and 8% respectively.
The...
Telco aims to close deal in June; bids from Cellnex, F2i, others
Telecom Italia received three non-binding offers for the company’s 45% stake in telecoms tower unit Inwit, Italian newspaper La Stampa reported. Â
According to the report, Telecom Italia expects to complete a transaction by...
Verizon Communications hopes to raise more than $2.5 billion through the sale of 48 data centers, according to Reuters. The carrier got into the data center business in a big way in 2011 with the $1.4 billion purchase of Terremark, but now may be...
Net income declined, according to American Tower Q3 financial report
In a recent earnings call, American Tower executives reported a year-over-year decline in net income, but is betting on a growing market in India with a $1.21 billion acquisition of Viom Networks.
During the quarter,...
PCIA’s HetNet Expo brings together mobile operators, tower companies, equipment vendors, infrastructure service providers, legal experts and industry analysts. At this year’s show, it was clear that the distinction between distributed antenna systems and small cells is blurring, as carriers look for network architectures...
Small cells that can support more than one mobile operator have the potential to change the wireless landscape, particularly indoors. With more than one carrier tenant paying rent, small cells become attractive investments for neutral host providers and tower companies. Indoor small cells have...
AT&T's government contract, Verizon's small cell progress
1. AT&T signed a five-year contract with the U.S. Census Bureau, which will use the carrier's LTE network and "Internet of Things" services to enable census data collectors to use mobile devices. As many as 20,000 people will...
American Tower takes controlling stake in Indian tower company
American Tower made a power move in India this week, agreeing to buy 51% controlling stake in Indian tower company Viom Networks for 76 billion rupees ($1.17 billion). This is not the company's first entry into...
Remote radio heads, better antennas, digital DAS and shared baseband resources help operators reduce the cost of ODAS
Outdoor distributed antenna system solutions enable operators to offer coverage and support capacity requirements in places that the macro network cannot reach. In dense urban areas, especially those with...
American Tower pays school board $900,000 cash
In a deal that seems more appropriate when dealing with Tony Montana than a school board, American Tower entered into a perpetual easement agreement with Stevenson High School in Livonia, Mich. The company will give the school a one-time payment of...
Xiaomi changes device sales strategy
Less than three months after launching in Brazil, Chinese smartphone maker Xiaomi tapped carrier Vivo to sell its Redmi 2 device. The move represents a change in Xiaomi’s strategy; initially the manufacturer said it would only sell its smartphones direct through...
The Federal Reserve's recent decision to leave interest rates unchanged – for now – is a good one for the wireless tower industry.
A capital-intensive industry, the three major tower companies earn most of their revenue by leasing out space on communications towers they own or control, so there’s...
Last year, active tower sites in the U.S. declined for the first time ever, according to analysts at SNL Kagan, but the setback is expected to be temporary. The tower business is healthy, but it is also going through some big changes. Three of...
Wireless carriers value suppliers who can offer a full suite of solutions and who have deployment expertise. Companies that supply and deploy wireless infrastructure are responding to this demand by teaming up, hoping to gain market share and create scale that will help them...
Tower companies appear to be outspending carriers
U.S. carriers have been selling their tower portfolios to raise cash for spectrum purchases and deployment, and the move away from infrastructure ownership may extend to small cells and distributed antenna systems as well. Two of the three...
Vertical Bridge buys 43 towers
Vertical Bridge and one of its subsidiaries announced this week it will be entering into an agreement to purchase 43 towers from Townsquare Media. The towers are set to be purchased for $22.8 million in cash, subject to closing adjustments.
“We are...
 Auto accident claims climber lives, memorial fund set up
Five tower climbers from Wingate Communications were driving in a pickup truck in Brooksville, Fla., this week when a box truck ran a stop sign, hitting the truck full force. After impact, a large amount of transmission fluid, gear oil...
Crown Castle, American Tower, SBACÂ report Q2 earnings
It's that time of year when the tower industry's largest companies report their earnings for the second quarter of 2015.
First up is Crown Castle. The company's net income increased from $23 million to a staggering $1.1 billion, largely due to the...
SBA Communications recently surprised some investors with news that it will sell its stake in ExteNet Systems, and today the company shed some light on the decision during its second-quarter earnings call. SBA Communications CEO Jeffrey Stoops said that it had doubled its initial...
American Tower said today that it already has more than 900 lease applications in the pipeline for the tower portfolio it recently acquired from Verizon. The nation's largest wireless carrier recently sold its towers to American Tower for $5.0 billion.
American Tower shared an update...
As cellular and wireless networks become more integrated indoors, network architects are designing systems that can work together, and recruiters are looking for engineers and installers who have skill sets in both areas.
American Tower is hiring distributed antenna system RF optimization engineers to maintain...
The company aims to sell additional towers in six African markets in the coming months
Indian telecommunications group Bharti Airtel has obtained nearly $1.3 billion from the sale of its telecommunication towers in five African markets. In a note to the National Stock Exchange of...
