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 […]
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 […]
As we do every year around this time, we provide our predictions for what we expect to happen in the upcoming year. Some of our predictions are safe and some are not. Some end up being correct and some aren’t. 1. 5G Continues to Underwhelm Consumers (For Now) . Wireless service providers launched their commercial […]
A number of our clients have ground leases with Crown Castle that contain revenue sharing clauses. They contacted us recently to ask why their lease payments went down or up. Typically, the rent payment adjustments are being made because of what Crown Castle is referring to as adjustments in their master lease agreements with their wireless […]
A client of ours owns more than a few cell towers that have AT&T as a collocation tenant. They recently received this letter, yet another in a long line of letters that threaten the tower owner with some dire consequence if they don’t renegotiate or sell their tower to AT&T. In this case, the threat […]
One of our clients received a proposal from a tower company that included a revenue share clause. Generally, revenue shares are not proposed by wireless carriers and even less so by tower companies. However, because our client is a governmental entity, I assume the tower company figured it would be better to put a revenue […]
As we look back over the first half of 2017, there has been much non-activity on the merger front. Many people (myself included) expected greater merger and acquisition activity but other than a few fiber related transactions, nothing material has transpired. Sprint and T-Mobile are still separate companies, and DISH has not merged with or […]
We had heard previously that AT&T wasn’t willing to allow lease optimization firms to send out letters on its letterhead without disclosing that the letter did not include actually come from the AT&T. A client just received a letter though that clearly does not include anything identifying that Md7 (a lease optimization company) is […]
A municipal client, who has multiple public safety towers upon which Verizon is colocated, received a call and letter from a Verizon representative asking for reduced lease rate terms and escalation. The letter is on Verizon letterhead and does not make clear the relationship between Accenture and Verizon but refers to the Accenture employee or […]