Keyword: Crown Castle International
According to Moffett, tower tenancy levels are a main factor in the return on investment of tower companies.
Wells Fargo analysts noted that while some tower companies had suggested a possible slowdown in organic growth, the firm's concerned the trend could linger into 2020.
Crown Castle sees major opportunity for its small cell business, despite short-term delays and challenges posed by local authorities.
With Dish’s commitment to enter the wireless market as a new facilities-based fourth national carrier, its planned 5G network build is a positive for tower companies, some analysts say, though perhaps not a major boon in the near term.
Crown Castle boosted its yearly guidance after experiencing more tower activity than expected in the second quarter, but delays at burdened municipalities slowed down the company’s small cell construction timelines.
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The good times appear set to continue for the nation’s tower companies, at least according to some Wall Street analysts.
At the start of 2018, analysts predicted a dramatic upswing in wireless capex. Now, though, the capex situation looks decidedly less rosy.
Edge computing company Packet announced that it has broken ground on its first Boston edge computing data center location.
Crown Castle said it will now build up to 15,000 small cell nodes in the coming year, marking a 50% jump from its previous projections.