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Not Folk-Loor, CTG Receives Funding

Communications Tower Group, a wireless infrastructure tower company, headquartered in Charlotte, North Carolina, announced that it has received funding commitments from Indigo Capital and MCM, Inc. Indigo Capital is a New York-based private equity fund and MCM is one of the largest, privately held wireless infrastructure providers in the Northeastern U.S. MCM and Indigo Capital have extensive experience investing together in the tower sector. Since 2010, they have jointly started successful tower businesses in six countries throughout Latin America that have grown to more than 2,000 towers in operation or under development.


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Solid Start for CCI  

Late Wednesday, Crown Castle reported their first quarter earnings. Industry analysts had a lot to say after the earnings were released, and after CCI held their quarterly conference call:

Colby Synesael of Cowen and Company, noted, “Crown reported good 1Q15 results including AFFO/share at the high-end of guidance after backing out some timing benefits that weren’t contemplated in guidance.


iTraq, the New Cellular Tracking Device

By Michelle Choi, an insider at Lease Advisors

Tracking devices and apps like Lapa, Tile, and Guardian are gaining popularity for their ability to help locate missing valuables and even people. A new tracking device that uses cellular triangulation as opposed to GPS or Bluetooth technology is in its final stages of crowd funding and development, ready to be shipped to consumers this June. iTraq, about the size of about five credit cards put together, is unique because it uses cell towers to report its location anywhere in the world (except Japan and Korea, which lack the network).


Google Launches MVNO

Google unveiled their wireless service yesterday afternoon. The service, called Project Fi, was initially reported in late January and confirmed at the Mobile World Congress in Barcelona, Spain, early last month. It was reported that Google was in talks with Sprint and T-Mobile to use their networks and operate as a mobile virtual network operator (MVNO). However, analyst reports indicate that this new service will make more change than dollars. Colby Synesael of Cowen & Company wrote, “As expected, Project Fi is partnering with Sprint/T-Mobile as the Google service looks to intelligently place the consumer on the best/strongest network available where possible (whether it’s a Wi-Fi hotspot or the Sprint/T-Mobile carrier 4G LTE networks). As such, the differentiator for Project Fi will be its ‘networks of networks’ where a consumer can make a call on a Wi-Fi hotspot (encrypted for security) and can seamlessly transition to either carriers’ LTE cell network as the consumer moves locations depending on who offers the strongest signal.”

“While Google may not be targeting huge numbers of subscribers, their entry into this market is very important, because it has the potential to disrupt the wireless industry in much the same way Google Fiber prompted changes in the cable and broadband industries,” said Rajeev Chand, head of research at Rutberg & Company, an investment bank focused on the mobile industry. (The Wall Street Journal)