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.
Some landowners with AT&T towers on their property are being contacted by Octagon Towers. Octagon Towers asks the landowner to either extend the AT&T lease or consent to assignment by AT&T to Octagon. Read further to know what you should do about these requests.
What is “future consent” you might ask? It is when a tower company asks for consent before they actually need it. In this case, Crown Castle is sending letters like the one below to landowners who have leases that require consent before something is allowed to happen. SItuations that might require consent include modifications to […]
American Tower has two cell towers on a piece of property in Batavia, IL. A home developer appears to have put together a plot plan to develop 110 houses and 88 multi-family units in an unincorporated area of Batavia. The property has two ATC cell towers located on the south side of the property. The […]
Verizon’s site acquisition agent reached out to our client to propose a “swap of (9) existing radios with (9) new radios”. They suggested to the client that there should be no rent increase for these modifications as it is just replacement of existing radios which care also known as remote radio units or RRU’s. On […]
One of our municipal clients has a water tower with T-Mobile and Sprint on it. T-Mobile has proposed to add antennas and equipment with Band 41 (Clearwire 2500 MHz spectrum) to T-Mobile’s rad center. See the image below with the antennas that service B41. Because the lease the client has with T-Mobile prevents the addition […]
Coupled with low cost of capital and their recent conversions to REITs, tower companies have every incentive to convert leases (long term operating expense) to easements (upfront capital expenditure).
If you have followed our musings over the years, you know that we don’t like the lease renegotiation industry. In the past we have observed some companies (not Lendlease, Tower Alliance, or Softbank/Sprint) use high-pressure tactics, sometimes outright misrepresentations, and downright aggressive salespeople to convince landowners to agree to terms that are not advantageous to […]
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 […]
Zoning Board Questions Whether They Should Be Forced to Allow Three Towers Within 300′ of Each Other First- start by reading this news article about how the Cape Elizabeth, ME planners are dealing with a request from Tower Specialists to build a new tower near an existing Crown Castle tower that has already been slated […]