Verizon Communications has hired TAP Advisors LLC to look into a sale of network assets including its cell towers, according to a Reuters report.
Verizon Communications was opened up to the possibility of selling its wireless towers because of AT&T's agreement last year to sell and lease 9,700 of its cell towers to Crown Castle in a $4.85 billion deal, according to Verizon Communications CFO Fran Shammo. Financial analysts think that Verizon has around 12,500 to 15,000 towers and could be looking to sell a substantial portion of those.
Crown Castle CEO Ben Moreland said the tower company thinks that small cells represent a similar growth opportunity to what the industry saw with regular cell towers in the early 2000s.
ORLANDO, Fla.--AT&T Mobility, Verizon Wireless and other carriers are likely going to bid billions of dollars for AWS-3 spectrum in an FCC auction of those airwaves later this year. And as auction winners deploy networks over their spectrum during the next few years, that's going to translate into big business for tower companies, according to a tower executive.
Startup firm M2M Spectrum Networks is aiming to launch a purpose-built M2M network using licensed spectrum later this year with the hope of stealing away M2M business from Tier 1 wireless carriers by giving vendors cheaper prices and a dedicated network for their data.
By the middle of next year most Tier 1 carriers' macro LTE buildouts are expected to be largely completed. Some carriers, such as AT&T Mobility, have indicated that the next phase of network evolution, to LTE Advanced, will be largely the result of software upgrades to existing network equipment. However, in an interview with FierceWireless, Crown Castle CEO Ben Moreland contended that despite that trend, there will still be a lot of cell site activity and amendments in the next few years.
AT&T agreed to sell and lease 9,700 of its cell towers to Crown Castle in a $4.85 billion deal, capping months of speculation about such a transaction and coming amid a flurry of tower-related deals.
AT&T is reportedly close to agreeing to sell its tower portfolio to Crown Castle. According to Bloomberg, the terms of the deal have not been finalized and could still fall apart.
HOLLYWOOD BEACH, Fla.--Further consolidation in the U.S. cell tower market will come from carriers choosing to sell non-core wireless tower assets and not from tie-ups between publicly traded tower companies, according to SBA Communications CEO Jeffrey Stoops.
Mobile operators are not going to suddenly stop investing in their networks once they've fully deployed LTE, said Jay Brown, CFO of tower company Crown Castle International.