SBA Communications and American Tower Corporation announced today that they will be announcing their 3rd quarter earnings within the next few weeks. SBA will release their results on Monday, November 4th after the market closes and they will host a conference call on Tuesday, November 5that 10:00am to discuss the results. SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central and South America. By “Building Better Wireless”, SBA generates revenue from two primary businesses – site leasing and site development services. SBA’s primary focus is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts.
American Tower will announce their 3rdquarter results at 7:00am on Wednesday, October 30, 2013. Their conference call will be held at 8:30am that same Wednesday to discuss the results. American Tower is a leading independent owner, operator and developer of wireless and broadcast communications real estate. American Tower currently owns and operates over 61,000 communications sites in the United States, Brazil, Chile, Colombia, Costa Rica, Germany, Ghana, India, Mexico, Panama, Peru, South Africa and Uganda.
October 16, 2013 | Tower-Pro
Yesterday, Deutsche Bank reiterated their “outperform” rating for American Tower Corporation (AMT). This means the analysts believe that the American Tower Stock is going to do better than the market return.
Before Deutsche Bank released their rating, CEO James Taiclet Jr. sold 100,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $72.73, for a total value of $7,273,000.00. Following the completion of the sale, Taiclet now directly owns 100,041 shares in the company, valued at approximately $7,275,982. You can view the form filed with the Securities and Exchange Commission here.
American Tower’s 52-week high is $85.26 and their 52-week low is $67.89. The AMT stock closed at $74.64 yesterday. Analysts at Nomura upgraded American Tower’s rating from “neutral” to “buy” back on September 16th; whereas the analysts at Maquarie boosted the price target from $84 to $88 on September 17th, giving American Tower an “outperform” rating.
American Tower released their 2013 Q2 earnings on July 31, 2013. They reported a core growth of 18.1% with a total rental and management revenue growth of 15.7%. The company expects the new business and core organic growth trends to remain favorable due to the carriers deploying networks worldwide.
October 15, 2013 | Tower-Pro
The major wireless carriers along with the tower companies are working together to build up our wireless infrastructure so mobile coverage is easily accessible. AT&T and American Tower have asked the City-County Planning Board of Winston-Salem, North Carolina to change its ordinance and allow communication towers to be built within residential areas.
“Consumers are relying on their wireless devices today for communications, shopping, and accessing information, and will rely on them even more in the future,” said Clifton Metcalf with AT&T. “To meet consumers’ demands for reliable connections, better mobile coverage and faster mobile speeds, wireless carriers must erect various types of antennas in multiple locations.”
If the City-County Planning Board allows this ordinance to pass, then companies will be permitted to construct cell phone towers in residential areas as long as they are concealed. This will help increase the mobile coverage in the area. Access to mobile broadband is becoming increasingly necessary as people switch from landlines to mobile devices. More than one of every four American homes (26.6%) deserted their landline telephone service and now rely exclusively on wireless service. (Source: Wireless Substitution) and CTIA—The Wireless Association reported that, “U.S. wireless data traffic grew 123 percent from 2010 (388 billion megabytes) to 2011 (866.7 billion megabytes).”
Members of the wireless industry, such as AT&T and American Tower, are working with cities, states, and federal governments to reduce the restriction companies must face when proposing to build a cell tower in residential and sometimes even commercial areas.
October 14, 2013 | Tower-Pro
Even though it seems that everyone is connected through mobile phones, there are approximately 1 billion people in the world that do not own a cell phone according to Kerry McQueeney of the Daily Mail. This means that wireless services aren’t going anywhere. They will continue to expand until they reach remote parts of the globe connecting people in a way they never thought possible. If you are looking at investment opportunities, you should consider the wireless tower industry.
Communication towers are being constructed all over the world, especially in the United States, in order to meet the demand for mobile communication. So much of our daily life takes place online, which many people now access via their cell phones. Without these communications towers, accessing this technology on the go wouldn’t be possible.
Tim Beyers of the Daily Finance strongly urges you to invest in American tower. “Analysts see American Tower growing its earnings base by about 25% annually over the next five years,” Beyers notes. It was estimated that there were 6.6 billion mobile phone subscribers worldwide at the end of 2012, and this number has been increasing approximately 9% each year. This trend suggests that the need for mobile broadband and communications is only going to increase. More and more devices, like tablets, are being connected to the 3G and 4G mobile networks in order to access the Internet anytime, anywhere.
“I’m not expecting a let-up anytime soon. Why? There’s just too much business online. A June study published by eMarketer put total 2013 e-commerce sales at $1.2 trillion for the full year, with emerging markets such as Indonesia experiencing the fastest growth. The entire Asia-Pacific region is on track to produce $388 billion in online sales, up 23% year over year,” Beyers explained.
With so much information moving online along with the ability to communicate with people across the world, watch TV, listen to music, and purchase almost anything you could ever want the wireless industry isn’t going anywhere for the time being. The top tower companies in the United States will continue to build up their infrastructure in order to keep up with demand.
October 14, 2013 | Tower-Pro
At the PCIA’s 2013 Wireless Infrastructure Show in Hollywood, Florida earlier this week the four CEO’s of the major tower companies gathered to discuss hot topics within the industry. John Adelstein wanted to know why the focus of these companies is mostly domestic.
“We’ve built a foundation in the US and try to deploy US mobile into emerging markets. We look at the financial risk and the economical risks involved with those markets. There are usually no tower companies in emerging markers, but this is our home base and we’ll always look to enhance our infrastructure and further develop here in the U.S. as well as internationally,” Steven Marshall, Executive Vice President and President, U.S. Tower Division of American Tower.
Ben Moreland, CEO and President of Crown Castle, explained that, “The North American market is the most attractive market in the world. We’ve added over 7,000 sites last year. We’re certainly looking into other markets in North America. We’ve looked at South America and Eastern Europe but we’re going to stay with our strategy to become a leader in the North American market.
Jeff Stoops of SBA Communications noted that, “We decide where we want to capitalize the company. It’s all about creating the most value for our public shareholders.”
It was agreed upon that the tower industry is a global industry, but deciding which markets to expand in depends on the goals of the companies and whether or not it makes the most sense financially for the public shareholders and the company at large.
October 10, 2013 | Tower-Pro