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Crown Castle (CCI NYSE), American Tower (AMT NYSE) and SBA Communications’ (SBAC NASDAQ) stocks turned lower again this morning after tumbling yesterday. Down $5.21 at 10:30 p.m. today, yesterday, SBAC lost $1.76, closing at $296.90. AMT closed at $248.88 yesterday losing $3.42. This morning the stock was down $4.01. Yesterday’s loss for CCI was $3.80 when the stock closed yesterday …
Tower Systems rebrands with ‘We Rise’ as U.S. legislators and industry executives recognize its founder
Tower Systems, a Watertown, SD-based international tower solutions company, hosted U.S. Senator John Thune, U.S. Congressman Dusty Johnson, FCC Commissioner Brendan Carr and stakeholders representing NATE: The Communications Infrastructure Contractors Association, Lake Area Technical College, municipalities and business for a Rebrand Launch & Ribbon Cutting Event yesterday. “We are thrilled to shine a spotlight on the hard working people who …
Nation’s associations band together to honor tower tower techs on Wednesday’s ‘appreciation’ day
Industry leaders praise essential contributions of tower Technician workforce to global connectivity and 5G economy NATE: The Communications Infrastructure Contractors Association unveiled a commemoration declaring tomorrow, Wednesday, May 5, 2021, as Tower Technician Appreciation Day. For the fifth consecutive year, a day has been set aside by NATE and the industry in order to pay tribute to the important work that communications …
Ericsson launches three-sector radio for efficient site upgrades and capacity boost
Ericsson is launching Radio 6626, a unique three-sector dual-band radio to help communications service providers (CSPs) increase their Frequency Division Duplex (FDD) 5G frequency capacity, even as their site towers already have 2G, 3G and 4G radios. The latest addition to Ericsson’s radio portfolio provides multi-standard and multi-band coverage while lowering costs and reducing footprint – up to 50 percent …
New construction cut out of FCC’s proposed $7.17 billion student broadband program
Acting FCC Chairwoman Jessica Rosenworcel on Friday laid out the proposed rules for the Emergency Connectivity fund that excludes new network construction from a $7.17 billion program meant to help students get and stay online as the coronavirus pandemic drags on, planning to limit purchases to laptops, tablets and Wi-Fi hot spots. New phones were also excluded in the fund …
New Mexico expected to fund blimp broadband study for rural internet
Alphabet Inc.’s Project Loon’s stratosphere balloons received a kick start in 2017 when the company was selected to assist Puerto Rico in providing internet service after Hurricane Maria devastated the island’s cell phone service. However, four years later Alphabet shut down Loon after determining the business is not commercially viable and they couldn’t “get the costs low enough to build …
Senate Commerce Committee passes Telecommunications Skilled Workforce Act
The U.S. Senate Commerce Committee passed the Telecommunications Skilled Workforce Act today, legislation to address the shortage of trained workers necessary to fill next-generation jobs in the telecommunications industry in communities through the country. The Bill, S. 163, introduced by Senators John Thune (R-SD), Jon Tester (D-MT), Roger Wicker (R-MS), Jerry Moran (R-KS) and Gary Peters (D-MI) heads to the full …
Lower satellites will provide SpaceX with higher broadband reach thanks to the FCC
The FCC on Tuesday voted to approve a SpaceX plan to deploy some Starlink satellites at a lower earth orbit than planned as part of its push to offer space-based broadband internet. Elon Musk’s SpaceX had asked the FCC for approval to fly 2,824 satellites at a lower orbit as part of the plan to provide high-speed broadband internet services …
Contractors SatTEL Broadband and SRU Electric are now under AscendTek’s umbrella
SatTEL Broadband Inc. (SBI) in Kent, Wash., and SRU Electric in Cary, Ill., have joined AscendTek and its network of cell tower construction companies in providing 5G installations around the country. AscendTek now builds, maintains and updates cell towers in more than 30 states, including Hawaii, with nearly 100 tower, civil and electrical crews delivering infrastructure projects, large and small, …
Police err on the side of caution in investigating SBA cell tower power failure in NY
WKTV of Utica, New York broke the story Sunday morning that was picked up by area and industry media that police were investigating damage to a cell phone tower on Mohawk Valley Community College property, causing an event that was taking place on campus to be moved to another location. One report stated that the tower was set on fire. …
Former FCC Chair Pai joins private equity firm Searchlight as its TMT rainmaker
Searchlight Capital Partners, L.P. (Searchlight), a leading global private investment firm, announced the appointment of Ajit Pai, former Chairman of the Federal Communications Commission as its 13th partner and a prospective board member of a number of Searchlight’s existing investments in the technology, media, and telecommunications (TMT) sectors. Searchlight’s U.S.-based TMT investment companies include Consolidated Communications, Global Eagle, Hemisphere Media …
Repeater Communications/InSite Wireless Group alum announce the formation of RCG Tower Group
Earlier this month, Paul Eisenberg and Michael Lifland, former Co-Presidents of Repeater Communications Group, LLC and Division Presidents of InSite Wireless Group, LLC announced the formation of RCG Tower Group, LLC. This new venture, similar to Eisenberg and Lifland’s prior collaborations, specializes in generating triple net lease revenue streams for landlords by leasing, developing, acquiring and operating co-located rooftop, in-building …
Terra Towers’ lawsuit against Torrecom alleges Peppertree and Goldman conspiracy
Majority shareholders of the telecommunications infrastructure firm Continental Towers LATAM Holdings Limited have filed a lawsuit against the Weston, FL-based company Torrecom Partners, LLC. The complaint alleges a conspiracy in coordination with Continental’s minority shareholders, Goldman Sachs and Peppertree Capital Management, to depress the company’s value and force a merger that would enable Continental’s minority shareholders to squeeze its majority …
Long Island town believes it has the right to deny applications for nodes with ugly antennas
The Town of Hempstead in Long Island, NY, last week aggressively replied to a summary judgment bid from Crown Castle that accused Hempstead of unfairly blocking the towerco from building 48 DAS nodes. In their response, Hempstead said that on January 18, 2017, Crown Castle submitted applications for the first 14 of 48 DAS nodes in the town’s right-of-way. The …
Verizon signs C-band deals with Crown Castle and SBA Communications
Verizon inked deals with Crown Castle and SBA Communications, two vertical realtors already hosting Verizon infrastructure equipment, to speed deployment of C-band equipment in preparation for the launch of 5G Ultra Wideband and fixed wireless broadband service on this newly acquired spectrum. Verizon secured an average of 161 MHz of C-band spectrum nationwide in the recent FCC auction, which will allow Verizon to …
Pittsburgh is ‘illegally’ pocketing $580 on street light small cell fees says AT&T in a lawsuit
AT&T is suing the City of Pittsburgh for allegedly failing to meet the FCC’s shot clock requirements and for asking excessive fees for new cell structures in the city’s rights-of-way. The carrier states that the fees and delays for installing small-cell network equipment along city roadways have prevented AT&T from providing service to the area and violates the federal Telecommunications …
With over 100 towers installed, VIKOR removes many remote learning challenges for Navajos
With school districts relying on remote learning to minimize the spread of COVID-19, broadband internet is an essential component of student success. Add canyons, mountainous terrain, and uninhabited wilderness to the equation, and connecting students to online learning resources becomes seemingly impossible. This is the exact issue the San Juan School District, located on and near the Navajo Nation in …
Early vertical realtor David Grain pulls together $3.75 billion in investment funding
Washington, D.C.-based Grain Management, a leading private investment firm focused on broadband technology and the global communications sector, announced today that it has closed on $3.75 billion in funding the past year, exceeding its targets for purchase of spectrum and other investments. Grain participated in the Federal Communications Commission’s Auction 107 (“C-Band Auction”), the largest auction of mid-band 5G spectrum …
American Tower shocks industry analysts with its planned acquisition of China Tower for $17.4 billion
Boston-based American Tower Corp. (ATC) is close to inking an agreement to buy China Tower Corp. Ltd. for $17.4 billion, a huge deal that will see ATC acquiring China Tower’s 2.2 million towers, expanding ATC’s 186,000 worldwide towers by 1,100 percent, according to a Forbes report today. The well-kept secret took the industry by surprise, and analysts are still trying …
From monopoles to barber poles, NWSA adds a new certification to buoy lack of broadband funding
President Joe Biden unveiled a $2 trillion plan yesterday to rebuild the nation’s aging infrastructure dubbed the American Jobs Plan, with $100 billion earmarked to build universal high-speed broadband infrastructure. However, the White House did not say how they plan to move the package through congress, nor provide a timeline on when they want it passed. Earlier this month, 30 …
