Sprint/Nextel Landowners Receive Cell Tower Lease Renegotiation Letters

It appears that BlackDot has been retained by Sprint/Nextel to help renegotiate the cell tower ground leases. For those of you unfamiliar with Blackdot, they were previously retained by Cingular and AT&T after the merger to approach landowners with whom Cingular had a cell tower lease and attempt to renegotiate the lease down on the basis of duplication and/or additional expense of equipment upgrades. [Read more…]

Carriers Looking for "Minor Changes"

Many cell tower owners and site owners have been approached by site acquisition agents for Cingular (trademarked- no affiliation to Steel in the Air) who has recently merged with AT&T. This carrier is requesting the option of doing minor maintenance or the simple change out of a few lines/antennas on the cell tower or rooftop cell site. [Read more…]

Market for Cell Towers Red Hot

In recent weeks, we have heard evidence that the market for existing tower portfolios is red hot. Towers are bought and sold on the basis of a multiple of annual net cash flow. The multiples on recent deals for cell towers have been steadily increasing and are approaching rates that are significantly higher than those seen in the last four years. [Read more…]

Cingular AT&T Sued for Cell Tower Lease Renegotiation Letters

Cingular was sued by the City of Parma, Ohio for letters that they have sent to the landowners who have cell tower leases with them. These letters essentially imply that by renegotiation the lease rate down, that the landowner will put themselves in a better position when Cingular starts terminating the duplicative tower sites that they have after the AT&T Wireless merger. [Read more…]

Interesting Cell Phone Statistics

Some statistics provided by CTIA that I found interesting.

When the industry started, only 23 wireless phone conversations could occur simultaneously in the same service area. As demand grew, the FCC changed its position and promised the industry that “if the technology to build better mobile phone service works, we will increase the cellular phone frequencies allocation, freeing the airwaves for more mobile phones.” [Read more…]

Spectrasite to be the target of an acquisition?

9/23/2015 Update

 

In early-2005, we speculated on which cell tower company would end up purchasing Spectrasite (the contenders are listed below).  In May of 2005, Spectrasire Communications, a rival cell tower company, was purchased by American Tower (AMT) for $3.1 billion. The acquisition expanded American Tower’s global portfolio to over 22,000 owned communications sites including over 21,000 wireless towers, 400 broadcast towers and 100 in-building DAS (Distributed Antenna System) sites. [Read more…]

Tallest Towers in the World

I came across a website with the tallest structures in the world-and included the top 10 (all towers) or so for your perusal. This list is courtesy of www.answers.com.

648.38 m
Warszawa radio mast, Konstantynów, Poland (destroyed 1991)
628.80 m
KVLY-TV mast, Blanchard, North Dakota
627.89 m
KXJB-TV mast, Galesburg, North Dakota
624.50 m
KXTV/KOVR Tower, US
615.10 m
KLDE-TV mast, Angleton, Texas
610.00 m
Petronius Platform, Gulf of Mexico
610.00 m
WITN-TV mast, Grifton, North Carolina
610.00 m
KATV-TV mast, Jefferson County, Arkansas
609.60 m
WECT TV6 Tower US
609.60 m
KOLR/KOZK Tower US
609.60 m
NYT Broadcast Holdings Tower US
609.60 m
American Tower Management US
609.60 m
Des Moines Hearst-Argyle TV Tower US

A Wireless Carrier Sending out Threatening Letters to Landowners

A unnamed wireless carrier who has recently merged has been sending out letters to landowners with leases for a cell tower on their property alleging that due to consolidation of assets, that the landowner must take a 45% to 75% reduction in rent if they want to continue receiving any income. The letter is written in a way to suggest that if the landowner fails to renegotiate the lease, that there is a significant chance that the lease will be terminated. [Read more…]