What Do 2020 Tower Buyers Look For?

During the last half of 2019 and early 2020, SteelTree Partners advised on the sale of several tower portfolios ranging from individual towers to mid-sized private portfolios. Some are traditional carrier led tower builds in highly difficult zoning areas with limited competing structures while some others can be best described as rural, unprotected by zoning, […]

Our Wireless Forecasts For 2020

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 […]

What Makes Cell Towers Competitive?

Recently, Fierce Wireless ran an article about AT&T’s threat to public tower companies about how “successful” their tower development project with Tillman Infrastructure has been.  The article cites a Morgan Stanley report which claims that “On a national basis in a 0.5-mile radius, ~65% of towers have no competitor and just ~15% have more than […]

AT&T Wants to Buy Your Tower! (Well, Not Really)

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 […]

Weird Revenue Sharing Clause

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 […]

How the sale of Verizon towers will impact leaseholders

WHY VERIZON’S TOWER SALE WILL SET THE MARKET Verizon has hired an investment bank to assist it with the possible sale of its tower assets.  Macquarie Securities analyst Kevin Smithen estimates that there are 12,500 towers that might be part of the offering.  We suspect that the actual number will be smaller than that but […]