Towers Page 4

Towers

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.

Crown Castle Q1 2022 Towers Fiber T-Mobile

Crown Castle Q1 2022: T-Mobile Rises to 37% of Annual Revenue

Crown Castle announced Q1 2022 earnings, disclosed ROIC yields for its towers and fiber segments, and revealed financial impacts of its T-Mobile agreement.
EdgePoint edotco PLDT Towers Philippines

DigitalBridge’s EdgePoint, edotco Spend $1.5bn on PLDT’s 5.9k Towers

EdgePoint Infrastructure and edotco Group agreed to acquire 5,907 telecom towers in the Philippines from PLDT Inc, for $1.47bn USD (77bn Philippine pesos).
Phoenix Tower Towers Ventures TAEC

Phoenix Buys 202 U.S. Sites via Tower Ventures, Expands Services with TAEC

Phoenix Tower International (PTI) purchased 202 United States sites through Tower Ventures Holdings III, LLC and acquired Technology Associates EC (TAEC).
Winity Telecom Patria Ipiranga

Patria’s Winity to Deploy Wireless Sites at Ipiranga’s Gas Stations in Brazil

Winity Telecom, backed by Patria Investments, signed an agreement with Ipiranga for the right to build wireless sites at its 7.1k gas stations in Brazil.
Axicom AustralianSuper Singtel Australia Tower Network ATN

Axicom: AustralianSuper, Singtel Buy Macquarie’s A$3.6bn TowerCo in Australia

Australia Tower Network (ATN), which is owned 70%/30% by AustralianSuper and Singtel, will acquire Axicom from Macquarie for A$3.58bn ($2.68bn USD).
DigitalBridge Telenet Towers Sites Belgium

DigitalBridge Buys Telenet’s 3.3k Towers in Belgium at €745m Valuation

DigitalBridge is acquiring the mobile telecommunications tower business of Telenet Group, which comprises a nationwide footprint of 3,322 sites in Belgium.
Cellnex Phoenix Tower Rooftop Sites France

Cellnex Divests 3.2k Rooftop Sites in France to Phoenix Tower

Cellnex Telecom agreed to divest 3.2k rooftop sites in France to Phoenix Tower International (PTI) per French Competition Authority (FCA) closing remedies.
IHS Holding Towers Q4 Full-Year 2021 Outlook 2022 Oil

IHS Holding Q4 2021: Oil Price Headwinds Impact Earnings

IHS Holding announced Q4 and full-year 2021 earnings and updated on its outlook for 2022, tower portfolio, and the impact of oil prices on its business.
Brookfield Infrastructure Digital Portfolio Towers Data Centers Fiber

Brookfield Infrastructure Details Digital Portfolio Companies

Brookfield Infrastructure Partners (NYSE: BIP) details its portfolio investments in digital infrastructure, including towers, data centers, and fiber.
Ardian TIM INWIT Daphne 3 Towers Italy

Ardian Makes €1.3bn Binding Offer for TIM’s INWIT Towers Stake

TIM received a binding offer from an Ardian consortium to purchase shares in Daphne 3, which holds a 30.2% stake in INWIT, a tower company in Italy.