



Q1 2025 Earnings for the "Big 3" - AT&T, Verizon, T-Mobile
Read on for an overview of earnings reports from Q1 2025 for Verizon, AT&T, and T-Mobile.

Part Three of a Three-Part Series: JW Tower & Telecom's 2025 Outlook on SBA Communications Tower & Land Acquisitions
Part 3 of 3: SBA Communications. SBA actively manages its land interests, with 72% of its 39,749 towers (17,464 domestic, 22,285 international) situated on land they own or control with terms exceeding 20 years.

Part Two of a Three-Part Series: JW Tower & Telecom's 2025 Outlook on American Tower's Tower & Land Acquisitions
Part 2 of 3: American Tower. For American Tower in 2025, it is aggressively prioritizing the acquisition of land beneath its U.S. towers. When it comes to M&A and cell tower acquisitions, the company has signaled its intent to stay active in the market but, at least publicly, does not see any significant portfolios to their suiting at this time.

Part One (A) of a Three-Part Series: Crown Castle Steven J. Moskowitz terminated as CEO of Crown Castle
Part 1 of 3: Crown Castle. On March 24, 2025 Crown Castle announced that Steven J. Moskowitz will be terminated as CEO of Crown Castle and that Daniel K. Schlanger, Crown Castle's current CFO will serve now serve as Interim President and CEO of Crown Castle.

Part One of a Three-Part Series: JW Tower & Telecom's 2025 Outlook on Crown Castle's Tower & Land Acquisitions
With Crown Castle’s recent decision to divest its fiber and small cell business, the company has signaled a renewed commitment to becoming a pure "tower play" enterprise.

Analysis of Q4 2024 Earnings: ATC, SBA, and Crown Castle
The 2024 Q4 and full-year 2024 financial results for the "Big 3" U.S. publicly traded cell tower companies—American Tower (ATC), Crown Castle, and SBA Communications—have recently been released, revealing strategic shifts.

Crown Castle Announces Agreement to Sell Fiber Segment to EQT and Zayo for $8.5 billion
Crown Castle recently announced it has entered into a definitive agreement to sell its small cells and fiber solutions businesses to affiliates of EQT Active Core Infrastructure fund and Zayo Group Holdings Inc. for approximately $8.5 billion.

Has Tower Alliance or another party contacted you on behalf of the cell tower company?
Major owners of publicly traded cell tower companies often engage firms such as Tower Alliance, The Lyle Company, Md7, Smartlink, Nextier, and other authorized agents to negotiate leases for the land beneath their towers.

T-Mobile increases access to 600MHZ spectrum with lease from Grain Management
T-Mobile remains keen on increasing its access to low band spectrum, recently leasing 600 MHz spectrum from Grain Management. Spectrum is crucial for the wireless industry, enhancing service depth and quality.

Q4 2024 Earnings for the "Big 3" – AT&T, Verizon, T-Mobile
AT&T, Verizon, and T-Mobile each reported solid, if not strong Q4 2024 earnings. Looking ahead to 2025, AT&T plans the largest capital expenditure, followed by Verizon with a slightly smaller investment, and T-Mobile with significantly less spending.

What is the purpose of the lights on cell towers?
You might have noticed that some cell towers are illuminated while others are not. This can be observed while driving, walking, or even if you have a cell tower lease on your property.

FCC approves T-Mobile and SpaceX's plan to provide service from space. Will satellites replace cell towers?
On November 26th, 2024, the FCC approved SpaceX and T-Mobile's plan to provide wireless service facilitated satellites in space.

UScellular Agrees to Sell Spectrum to AT&T
Following recent deals with T-Mobile and Verizon, US Cellular has now reached an agreement with AT&T to sell a portion of its retained spectrum licenses.

Q3 2024 Earnings for American Tower, Crown Castle, and SBA
Cell tower infrastructure companies American Tower, Crown Castle, and SBA recently released their Q3/2024 financial results.

Q3 2024 Earnings for the "Big 3" – AT&T, Verizon, T-Mobile
Earnings were released for the "Big 3" of AT&T, Verizon, and T-Mobile this week.

UScellular / T-Mobile – What's Next?
T-Mobile made a significant announcement in May of 2024, announcing an agreement to acquire US Cellular's wireless business and a portion of its spectrum.

UScellular / T-Mobile Transaction – Landlord Cell Tower Lease Impact?
What does the proposed transaction mean for landlords with a US cellular lease on their property?