Cell tower infrastructure companies American Tower, Crown Castle, and SBA recently released their Q3 2024 financial results.
American Tower
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This end’s the company’s 17-year presence, which began 17 years ago when JWTTC was part of the American Tower team!
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Data Center activity remains robust under CoreSite
Crown Castle
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Analysts had questions about the time that had passed for its strategic review and potential disposition of its fiber business
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Crown Castle agreed to cancel 7,000 small cell nodes, reducing future CAPEX in the
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SBA
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Increased its presence in Central America with a cell tower purchase of over 7,000 cell sites from Millicom International Cellular, at an initial cash purchase price of $975 million
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SBA will leverage it’s backoffice at it’s headquarters in Boca Raton to support
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SBA is seeing less “build-to-relocate” tower development activities
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Inventory of portfolios of cell towers for sale in the United States is relatively low
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SBA has a comprehensive MLA with AT&T, and open to do with others if there is mutual benefit
