tylakewalker

Crown Castle and the Tower Operators: The Foundation for Next-Gen Wireless

Joe,
Nice article

Nathan,
I think most of the risk would be borne by the company generating the signal (carrier) or the antenna manufacturer not the owner of the steel (tower company) Additionally, I would imagine the lawsuits would generally target the deeper pockets (carriers). Furthermore, radio stations have been generating much more powerful wireless signals for much longer and to my knowledge they have not been successfully sued for damages resulting from RF radiation.

All,
The biggest risk with CCI is the eventual bankruptcy of Sprint Nextel. All of those global signal towers acquired were once upon a time owned by Sprint. So it follows that Sprint antennas will be located on almost all of the former Global Signal towers. When Sprint Nextel goes belly up all of that lease revenue goes away. You can't enforce a lease on a bankrupt lessee.

I have professional experience negotiating and placing antennas on all of the tower companies facilities for all of the carriers and Crown Castle is the best tower company. After I quit working on developing wireless infrastructure I made one investment in wireless telecom and that was a long position in CCI.