Posts in:October, 2014

Wireless Carrier consolidation finally starting to effect cell tower leases?

Posted October 31, 2014 by admin

Yesterday Crown Castle International (CCI) announced its quarterly results. I want to focus on one part of the results that will be a direct impact to some current cell tower lease owners. Crown Castle Reports Third Quarter 2014 Results, Provides Outlook for 2015 and Announces Increase to Common Stock Dividend HIGHLIGHTS   – Announces increase in dividend rate to $3.28 per common share annually, or 75% of 2015 expected AFFO – Exceeds third quarter Outlook for Adjusted EBITDA and AFFO – Provides 2015 Outlook with growth muted by headwinds from tenant non-renewals associated with carrier consolidation More specifically this statement: “….based on recent conversations with AT&T, Sprint and T-Mobile, we are now expecting a significant amount of tenant non-renewals as the carriers Continue reading…

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Cell Tower Site Count and lease counts are mostly inaccurate.

Posted October 24, 2014 by admin

Surprisingly, there is no sure fire cell site location count in the United States. This is one of the reasons why it’s difficult to track cell site leases and cell site values. The FCC doesn’t require cell towers to be registered if they are below 200 feet. Here is a recent cell tower count of sites over 200 feet by state.  This chart can be misleading since most of the cell sites in the urban areas are below 200 feet. The most recent cell site count puts the amount of cell site locations in the United States around 350K locations. This also includes rooftop and water tanks as well. Cell site values will vary wildly depending on the location and Continue reading…

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