We provide the latest Towers news, analysis and opinion. In the Towers sector we cover companies including American Tower (NYSE: AMT), Crown Castle (NYSE: CCI), SBA Communications (NASDAQ: SBAC), Cellnex Telecom (BME: CLNX), and Vertical Bridge. Within Towers, we focus on the sub-sectors of wireless cell towers, TV & radio broadcast towers and mobile sites located on billboards.
Our towers news discusses how towers serve as the core network and the current underpinning of 4G/LTE networks. Further, towers are also central to the performance of 5G networks. Towers news includes updates on increased carrier activity to support rising data usage, technological upgrades, and new spectrum deployment.
These wireless carriers lease vertical space on the tower so that they as tenants can place their communications equipment on the tower. Each tower has the capacity to support 4 to 6 of these different tenants.
Within our towers news coverage, we also discuss the business model of towers. Specifically, how towers are characterized by recurring revenue, rental escalators, long-term contracts (initial term of 5 to 10 years), high operating leverage / incremental margins, low maintenance capital expenditures and leases to investment-grade counterparties.
Beyond the traditional wireless carriers, our towers news scope also extends to companies that lease space on towers to TV and radio broadcasters, public safety, and Internet of Things providers.
Overall, there are 154k towers, with 350k+ tenants operating in the United States. This makes the tower sector an incredibly diverse market to share towers news, analysis and opinion, on a daily basis.