We’ve all seen the advertisements where Verizon shows the map of their coverage compared to AT&T, Sprint, and T-Mobile. The map is supposed to illustrate the number of towers Verizon has equipment on, proving they have the best, most-reliable coverage in the nation. This map makes T-Mobile angry. “I want to decimate that ad campaign from Verizon,” T-Mobile Chief Technology Officer Neville Ray said to CNET in an interview Thursday. The company is taking legal action against Verizon, claiming that the campaign doesn’t accurately reflect T-Mobile’s network. Verizon’s coverage map only shows LTE capabilities of the company. Since Verizon and AT&T are almost complete with their rollouts, they have the advantage over Sprint and T-Mobile. “We prefer to compete in the marketplace, not in the courts. Our customers know what a true nationwide 4G LTE network experience feels like, map or not,” said a Verizon representative. But Ray argues that the map suggests that those few T-Mobile dots on the map represent all of the carrier’s coverage, and excludes its 2G Edge network, as well as its HSPA+ coverage, which T-Mobile considers 4G. (Source: CNET) T-Mobile has a goal to cover 250 million people by the end of the year, but Ray said he wants to push it to 280 million sometime next year.
March 24, 2014 | 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
The county officials of St. Louis, Missouri have put off construction on an emergency cell tower due to a lawsuit that the city of Sunset Hills filed against the county. The city filed the lawsuit on September 4th to get a preliminary injunction against the construction of the communications tower. The county owns the land where the potential site is for the tower to be built.
“As proposed, the emergency communications tower would be one of roughly 25 towers being located throughout the county as part of St. Louis County’s new emergency communications network. In its suit, Sunset Hills claims St. Louis County lacks the authority to construct and operate the tower within the city without approval from city officials,” the Callreported.
The city officials want the county to look for other locations that would be better for the cell site. The judge has schedule a trail Friday to determine the outcome.
October 2, 2013 | Tower-Pro
If you tried to access the FCC’s website yesterday you realized that along with the government shutdown the FCC shutdown as well taking their website with it. Even the FCC tweeted, “We’re sorry, but FCC will not be tweeting or responding to @ replies during the government shutdown.” So what exactly does this mean?
Well the FCC posted their Plan for Orderly Shutdown Due to Lapse of Congressional Appropriations and it explains that, “Suspended activities include, among many others: Consumer complaint and inquiry phone lines cannot be answered; consumer protection and local competition enforcement must cease; licensing services, including broadcast, wireless, and wireline, must cease; management of radio spectrum and the creation of new opportunities for competitive technologies and services for the American public must be suspended; and equipment authorizations, including those bringing new electronic devices to American consumers, cannot be provided.”
However, the FCC explains that telecommunications companies must continue to use the Network Outage Reporting System, which will remain available during the shutdown. These companies will still be able to filed reports of telecommunication service disruption because this information is essential to maintain and improve the reliability and security of the telecommunications infrastructure.
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October 2, 2013 | Tower-Pro
Last week, the Federal Communications Commission released a report proposing an action to improve the wireless network reliability during disasters. They plan to do this by, “requiring wireless service providers to publicly disclose the percentage of cell sites within their networks that are operational during and immediately after disasters,” the FCC explains.
The FCC does understand that some wireless service interruptions may be unavoidable during emergencies but the goal is to minimize the number of interruptions. “For example, Superstorm Sandy disabled approximately 25 percent of cell sites in the affected region, with more than 50 percent of cell sites disabled in the hardest-hit counties, yet not all wireless networks were equally impaired,” the report noted. It was also mentioned that the practices that these wireless service providers use could play a role in the variation of the reliability of the structure during natural disasters.
“The FCC’s proposal would require wireless service providers to submit to the FCC, for public disclosure on a daily basis during and immediately after disasters, the percentage of operational cell sites for each county within a designated disaster area. Information yielding these percentages is already included in voluntary reports that wireless service providers submit to the FCC daily during disasters, albeit on a presumptively confidential basis and as part of a larger set of data,” the report explained.
September 30, 2013 | Tower-Pro
xG Technology Inc. delivers cognitive radio network technology that meets the world’s rising demand for reliable and affordable wireless broadband, while making more efficient use of scarce spectrum assets. With the amount of broadband spectrum dwindling, products like xG’s xVM and xAP are useful in the radio network.
The xVM (xMax Vehicle Modem) has received FCC certification by way of a Grant of Equipment Authorization so it is authorized to be sold in the U.S., while the xAP (xMax Access Point) is waiting for the final paperwork to be completed by the FCC. It is expected to be received soon so all the required FCC testing will be completed.
“The xVM seamlessly connects smartphones, tablets, notebooks and other devices to the Internet via an xMax cognitive radio network,” xG Technology explained in a press release. “While primarily developed for vehicle usage, the xVM may also be externally mounted in fixed locations like parks or other outdoor areas to provide WiFi and wired Ethernet access for use in monitoring, surveillance, machine-to-machine (M2M) and other applications.
The xAP is different from the xVM because it is a compact base station that communicates wirelessly with xG’s xMod and xVM to create an all-IP, high-capacity, high-performance wireless access point that will be able to deliver wide area coverage when there is significant interference.
“We are extremely pleased to have the xVM so closely follow the xMod in receiving FCC approval for commercial delivery and use,” said John Coleman, CEO of xG Technology. “The xVM’s rugged design is well-suited for deployment in public safety, homeland security, utilities and military applications. Now that all xMax radio products have successfully passed FCC testing, we will soon deliver product to customers, once we receive final certification paperwork for the xAP in the coming few days.”
September 25, 2013 | Tower-Pro