The wireless carriers are actively seeking to add right-of-first-refusal clauses (ROFR) to their new and extended cell site lease agreements. Verizon includes standard ROFR language in its cell tower leases that gives them the right to match other offers. The language is overly broad and as such, many landowners don’t like it. As it was, […]
Steel in the Air’s 2022 Predictions for Cell Tower Leasing and Valuation. While 2021 certainly impacted many industries negatively, the wireless industry wasn’t one of them. This past year was a particularly strong year for tower companies and landowners. Looking forward into 2022, we see more of the same. Wireless Service Provider Predictions. Wireless service […]
We regularly review requests from carriers for cell tower lease modifications on our client’s structures and towers. One of the hurdles we find in doing so is the inconsistency of the information that is provided. Some site ac vendors waste a significant amount of time sending over ridiculous consent letters for leases that clearly spell out that […]
When is a Building Permit Required for Equipment Changes? In recent years, our clients have experienced a number of requests for modifications to existing cell sites. Both tower owners and rooftop owners are getting these requests from the wireless carriers to upgrade their cell sites. Typically these upgrades are for 5G or other advanced wireless […]
Earlier this month, we did our Wireless Industry Forecasts for 2021 webinar, which is available for viewing here, along with some other webinars about the industry that we did in 2020. While there were a few forecasts related to wireless leasing in the webinar, we thought it might be helpful to pen a blog post […]
Getting What You Deserve from your Cell Tower Lease! Missing Income: Electric and tax reimbursement clauses in cell site leases. In the standard cell tower lease, most of the compensation comes from rent, which typically increases over the course of the lease due to escalation. In a small percentage of leases, the landowner may receive […]
Radio Frequency energy or RF has been in the news and is not likely to go away. Between 5G and COVID-19 conspiracies and more antennas RF will continue to be a hot button topic. How can you educate yourself? There are a few online resources, free of charge, with reputable RF energy information. However, they […]
We reviewed the Elliott Management slickly produced attack on Crown Castle ($CCI). In short, Elliott believes that CCI has underperformed its peers, American Tower (AMT) and SBA Communications (SBAC). While the underperformance is clear, I also think that Elliott’s analysis omits to give proper credence to the opportunity that fiber/small cells may provide to Crown Castle that its peers will miss.
AT&T (via BlackDot), is contacting tower owners and landowners and trying to convince them to renegotiate their leases. If you have read our previous content- there isn’t much new to this renegotiation story except for the following letter that they provided to one of our clients. The highlighted part is the interesting part- AT&T claims […]
American Tower announced earnings earlier this week and we reviewed their earnings call transcript to get a better feel about what went right and wrong for American Tower. (Mostly right) Here are 10 of our observations. American Tower confirmed guidance for 2020. While many industries and companies are withholding guidance for 2020 due to the […]