T-Mobile Looking to Co-Locate on Verizon TowersComments Off on T-Mobile Looking to Co-Locate on Verizon Towers
American Tower completed their acquisition of 11,448 Verizon tower assets for approximately $5.053 billion in cash. On the most recent conference call, Chairman, President, and CEO James D. Taiclet, Jr., said, “Our experience to-date with the Verizon towers is confirming our valuation assumptions on the attractiveness of those sites’ locations, pent-up demand for both co-location and amendment activity and the quality of those assets.” According to FierceWireless, Leah Stearns, American Tower’s treasurer and head of investor relations, noted that T-Mobile has been actively submitting co-location applications on those sites. T-Mobile has been aggressively deploying their A-block spectrum of the 700 MHz band, so they have been submitting a lot of amendments to the tower company. Stearns also explained that the Verizon towers are on average 30%, or more, taller than the other carrier tower portfolios, which gives American Tower more space to lease to customers.
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