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…] about Market for Cell Towers Red Hot
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…] about Cingular AT&T Sued for Cell Tower Lease Renegotiation Letters
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…] about Interesting Cell Phone Statistics
Projections from the Stanford Group suggest that there will be between 14,000 and 15,000 cell sites turned on in 2005 across the United States by the largest Wireless Service Providers. [Read more…] about Cell sites on air for 2005
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…] about Spectrasite to be the target of an acquisition?
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.
Warszawa radio mast, Konstantynów, Poland (destroyed 1991)
KVLY-TV mast, Blanchard, North Dakota
KXJB-TV mast, Galesburg, North Dakota
KXTV/KOVR Tower, US
KLDE-TV mast, Angleton, Texas
Petronius Platform, Gulf of Mexico
WITN-TV mast, Grifton, North Carolina
KATV-TV mast, Jefferson County, Arkansas
WECT TV6 Tower US
KOLR/KOZK Tower US
NYT Broadcast Holdings Tower US
American Tower Management US
Des Moines Hearst-Argyle TV Tower US
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…] about A Wireless Carrier Sending out Threatening Letters to Landowners
It has come to my attention that a large carrier is selling the land that they own under their cell towers. This carrier who bought land for cell tower locations back in the cellular days has now concluded that they no longer need to own the land under the towers. [Read more…] about Beware Carriers Selling Land Sites
A client of mine forwarded to me some documentation that was provided by Cingular and AWS regarding “average ground rent” rates for cell tower leases for a state in the NW. The documentation consisted of a “appraisal” and I use that word loosely and a spreadsheet of 6 different cell tower locations with their ground rents shown. [Read more…] about Carriers Sharing Ground Rent Rates
I came across the Consumer’s Union website – the not-for-profit organization that publishes Consumer Reports. Entitled www.hearusnow.org, the website delves into what is best for the consumer in regards to wireless and other issues related to telecom. [Read more…] about Hear Us Now- Consumer’s Union Website