On August 16th, Sprint/Nextel spoke about their WiMAX plans during an investor call entitled “Sprint Ahead: The Technology Summit Call”. The Sprint/Nextel WiMAX plans which they have named XOHM (pronounced zoam) are optimistic at best. [Read more…] about With XOHM, Sprint’s WIMAX Plans Are Optimistic
We have received recent inquiries from AT&T cell site owners who have been approached by Blackdot to renegotiate their leases. Of course, there is a new pitch, because the old pitch that the merger between AT&T and Cingular was going to cause terminations just doesn’t ring true anymore. [Read more…] about AT&T to Build Cell Sites in McDonald’s Arches?
It appears that the subprime issues will have an impact on the wireless/tower sector particularly regarding cell phone tower acquisitions and cell phone tower lease buyouts– especially for the mom and pop side of the industry. We suspect that 1/4 to 1/3 of the new tower being built this year come from Mom Pop tower companies or individuals. [Read more…] about Subprime impact on Cell Tower Valuations and Cell Tower Lease Buyouts
My apologies to Bruce Benson from FTI Consulting for ripping off the title of his fascinating white paper entitled- “Couch Potato Famine- Prospering Through an Era of Disruptive Change In Media.”
His article is an excellent analysis of the impact of three forces that will profoundly impact the distribution of media and which I believe will have an equally great impact on the wireless industry. He points to Open Standards, the Proliferation of Broadband, and the Emergence of Many to Many Networks. The article describes how YouTube and its role in content aggregation is crumbling the “walled garden of the broadcast paradigm”. The ability for users to immediately create and distribute media to a wide user base is already starting to have the impact of of nominalizing the large incumbent producers. [Read more…] about Google will Prosper in an Era of Disruptive Change in Media (and Wireless Telecommunications)
I read a fascinating article about the increase in the number of cell phone towers in India. According to this article in the Economic Times- there are currently 110,000 cell phone towers in India currently – however, there will be 90,000 added for 2007 and another 90,000 added for 2008. Compare this with the 180,000 or so cell phone towers in the United States currently, and the 15,000 to 20,000 that will be added each year in 2007 to 2008. [Read more…] about Think there are too many cell towers in the US?
In late 2005, Global Signal announced the lease of 6600 Sprint towers and the sublease back of the towers by Sprint. One of the questions that we pondered during that time was how this lease would be interpreted if the underlying ground lease between the ground owner and Sprint prohibited subleasing. In a number of cases, Global Signal’s response was to simply craft a site management agreement and not sublease the tower. [Read more…] about Global Signal Sprint sublease questioned in IL Court
Just an interesting note from a Crown Castle presentation to a Lehman Brothers conference:
Wireless capital expenditures for the years from 2007-2010 are expected to remain relatively flat at $28 Billion in 2007, $27 Billion in 2008, $27 Billion in 2009, and $27 Billion again in 2010. [Read more…] about Wireless Carrier Expenditures Estimated 2007-2010
According to a New York Times article on WIFI enabled cell phones (and many other articles of similar nature), T-Mobile is gearing up to offer a dual mode phone that lets the user “seamlessly” switch between a WIFI network in the home or office (read: anywhere that the phone has been previously configured to use that network with proper security). [Read more…] about T-Mobile offers WIFI/Cellular dual mode phone
A landowner sold their cell phone tower lease to Wireless Capital Partners. The Wireless Capital Partners lease assignment and successor lease provided that they controlled the rights to the cell phone tower lease for 30 years. The lease actually has only 26 years remaining, so Wireless Capital Partners received 26 years under the assignment of lease and 4 years under a successor lease. A successor lease provides for the rights vested under the current cell phone tower lease after the expiration of the current lease. [Read more…] about Crown Castle offers landowners who sold to Wireless Capital Partners the "opportunity" to extend their cell tower ground lease.