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Crown Castle to Benefit from Sprint Upgrade?  

Investor’s Business Daily noted that there could be an upside for Crown Castle now that Sprint has announced their network upgrade. “The next phase in Sprint’s 4G network upgrade will likely use small-cell technology, an approach Verizon Communications has also taken,” IBD explained. Crown Castle has stepped up their small cell game. “Similar to towers built in the late 1990s and early 2000s, we are focused on building small cell networks in the most attractive locations in the US, in places like Manhattan, Washington DC, Southern California and Chicago. As mobile data demand grows, the necessity of small cells increase as evidenced by our growing pipeline of over 2500 anchor builds and colocations on existing systems, which have been awarded to us, but are not yet in construction,” Jay Brown CFO at Crown Castle said on the April 23 conference call. “Today, inclusive of our acquisition of NextG in 2012, we have invested approximately $1.7 billion in small cells. Our current yield on investment is 7%, inclusive of our $1 billion investment in NextG at an initial yield of approximately 4%. With our leadership position of over 14,000 nodes on air or under construction, and 7000 miles of fibre, we are winning new opportunities and driving yields up on our existing investments in small cell networks.”


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Judge Rules in Favor of Manatee County Decision

Residents of River Club in Manatee County, Florida, will be happy to know that a 150-foot tower won’t be coming to town. Last month, Judge Elizabeth Kovachevich, of the U.S. District Court Middle District of Florida, Tampa Division, ended a five-and-a-half-year fight over plans to build a 150-foot concealed tower. Vertex Development wanted to build the tower at the River Club Golf Course, but the application was denied in December 2009. “I think it’s a good outcome because it allows the county to have greater clarity for tower applications coming forward in the community,” Chief Assistant County Attorney Robert Eschenfelder, who handled the case, told Your Observer.


Not So Relieved  

The Relief Nursery in Springfield, Oregon, gives aid to at-risk children and families, and employees are concerned about a proposed Verizon cell tower near the facility. The Springfield City Council will discuss the tower proposal at their meeting this evening. The Eugene Weekly reported, “Executive Director Kelly Sutherland and others at the Relief Nursery are worried that a proposed Verizon cell phone tower might pose a danger to the children and families who come there for the therapeutic nursery school and other classes [offered].”


American Tower Closes Airtel Transaction  

Last week, American Tower announced that it has closed its previously announced acquisition of 4,700 communication sites in Nigeria from Bharti Airtel Limited. “We are pleased to announce the launch of our operations in Nigeria while expanding our relationship with Airtel, one of the leading multinational operators in the world,” said Jim Taiclet, Chairman, President and Chief Executive Office, said in November 2014 when the deal was announced.


Mon, July 6, 2015

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