Keyword: Crown Castle International
Raymond James upgraded American Tower to "outperform," saying it's in a good position as the world grapples with the coronavirus pandemic.
Analysts predict its small cells and tower businesses should increase over the year now that the T-Mobile and Sprint merger has solidified.
U.S. tower companies saw some relief with Judge Victor Marrero’s approval of the T-Mobile/Sprint merger, with shares rising on the news Tuesday.
Vapor IO raised $90 million to build out its Kinetic Edge platform throughout the country.
Crown Castle could be poised to narrow the performance gap in coming years between itself and tower REIT peers, according to MoffettNathanson.
Ericsson is investing in training programs so the U.S. industry has enough skilled technicians to climb towers.
As Crown Castle reported third-quarter earnings, the tower company also disclosed a probe by the SEC related to its services business.
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.