Crown Castle Closing In on Sale of Fiber Business
Crown Castle, under the leadership of CEO Steven Moskowitz, is reportedly nearing the sale of its fiber business.
Verizon Signs $3.3B Cell Tower Lease Deal with Vertical Bridge
Following Verizon's recent announcement of its planned acquisition of fiber provider Frontier, the company has now partnered with Vertical Bridge to sell 6,339 of its cell towers.
Cell Towers Around Town
In the Greater Denver metropolitan area, wireless carriers utilize various types of infrastructure for cell towers, including self-support towers, monopoles, monopines, canisters, stealth steeples, rooftops, small cells, strand mounted small cells, and other applications.
What is a cell tower lease buyout?
A cell tower lease buyout is a transaction where a property owner sells their rights to a cell tower lease to a third party in exchange for a lump sum payment. This means that instead of receiving regular rental payments from the wireless carrier, the property owner receives a one-time, upfront payment in exchange for the lease.