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Subscribe • Advertise Tuesday, April 16, 2019Volume 7 | Issue 74
High Flying Tower Market Slows Its RollShares of American Tower (NYSE:AMT) opened 1.2 percent lower premarket yesterday after Wells Fargo Securitiesdowngraded them to Market Perform from Outperform. AMT shares, however, are up 22.7 percent in the past threemonths and up 36.1 percent over the past six.
“Our tower dinner and data center broker events last week, seemed to take a bit of air out of the balloons for Q1strength for both of these sectors,” said Jennifer Fritzsche, Senior Analyst, Wells Fargo Securities. “Our new pricetarget on AMT is $196. The only tower stock we now are recommending is CCI; raising price target to $142. Thetowers peers trade at 23.6x 2019E AFFO and 21.9x 2020E AFFO, by our estimates. The multiples continue to pushand set recent peak levels. Each of the tower stocks are trading at forward year AFFO multiples are the highest wehave seen since 2017 (with AMT’s multiple at a 5-yr high),” she said.
Fritzsche said recent checks have indicated that while spending has continued, it has not realized the growth thatwas hoped for in 2019. She believes spending will ramp in 2020 but much has to be digested before this can beseen. As a result, she believes the setup for tower stocks should be viewed with a more conservative lens as heranalysts struggle to see near-term drivers for further multiple expansion from these levels. Continue Reading
FCC Proposes Update to Ease Fixed Wireless DeploymentsThe FCC proposed Friday to update its rule for over-the-air reception devices (OTARD) to help spur 5G deployment.Among other things, the Commission is suggesting to allow broadband “hubs” – pizza box-sized small cells – onprivate property to serve groups of homes and businesses, helping align OTARD rules with how today’s wirelessbroadband networks are being built.
The OTARD rule was adopted to address a previous use of technology that relied on larger antennas spread overgreater distances. The Notice of Proposed Rulemaking proposes to eliminate the restriction that currently excludeshub and relay antennas from the rule which could help spur infrastructure deployment, including in underserved rural
and urban areas.
FCC Commissioner Brendan Carr said during the vote, “Providing fast internet to underserved communities can be aheavy lift.” He described being at the headquarters of a Wireless Internet Service Provider (WISP) startup, called“Starry,” as it was starting to expand its Boston footprint. He helped workers lift 75 pounds worth of radios andantennas comprising internet head-end gear to the rooftop of an office building. Continue Reading MontanaWhitefish Swimming Upstream on FCC RegulationsResident of rural Montana like their vistas just the way they are now, free of visually distracting cell towerinfrastructure. In an effort to be proactive in maintaining the look of their town, the city of Whitefish is challenging theFCC's authority over the aesthetics of installing broadband components, reports GovTech.com.
Adding small cell boxes around town in anticipation of 5G connectivity might be less obtrusive than building a fullfledged cell tower, but even that compromise does not satisfy many residents. “Why are we concerned?” askedMontana attorney Angela Jacobs. “Because they’re ugly and we’re concerned about the potential they have to beextremely unsightly especially in our downtown.” The National League of Cities agreed noting, “This can result inclusters of small cells that are visually unappealing and detract from the aesthetic of the community.” ContinueReading
Loebsack, Broadband Advocate, to Retire UPDATE U.S. Rep. Dave Loebsack (D-IA) announced he’s retiring at the end of the 116thCongress. Loebsack was first elected in 2006, and will have served a total of 14 years at theend of this congressional session.
A member of the House Energy and Commerce Committee, Loebsack has been an advocatefor rural broadband connectivity and communications and workforce development. He visiteda Crown Castle monopole cell tower site in Le Claire, Iowa last month. The tour coincidedwith the reintroduction by Loebsack and Rep. Markwayne Mullin (R-OK) of theCommunications Jobs Training Act of 2019. Continue Reading
April 15, 2019 at Close
TexasAustin Rejects Tower Siting as Discriminatory Against Multi-Family HousingLast week, the Austin City Council rejected an application to change the regulations for a 90-foot cell tower plannednear a condominium complex and apartment building, reported the Austin Monitor.
The proposed tower is meant to expand bandwidth on the current network, and although the applicant looked forother locations, they had not been successful in finding a spot, according to a representative.
Residents cited health concerns and tower proximity in a petition against the zoning change, reported the Monitor. Ifconstructed, the proposed tower would be less than 200 feet from some apartments; city regulations state that cellphone towers must be at least 200 feet from single-family homes, but just 50 feet from multi-family homes.
One resident argued that the regulations are discriminatory and some Council members agreed. According toCouncilmember Leslie Pool, the city’s telecommunications code language is, “a pretty striking example of disparity,and this makes me very concerned that we’re treating people who live in apartment complexes differently from peoplewho live in single-family homes.” Continue Reading
Aesthetic Deadline for Small Cells Was YesterdayUPDATE The deadline to Adopt and Publish Small Cell Facility Aesthetic Standards closed yesterday. Cities that failto adopt and publish small cell aesthetic requirements by April 15, may lose the ability to impose such standards.
The FCC order addressing the deployment of small wireless facilities became effective on January 14, 2019.Although there have been a number of lawsuits challenging the FCC order, cities should follow the provisions in theorder until they receive judicial guidance that the order is invalid.
While the order preempts some local control over small wireless facilities, the Commission concluded that aestheticrequirements are not preempted “if they are (1) reasonable, (2) no more burdensome than those applied to othertypes of infrastructure deployments, and (3) objective and published in advance.” To be objective, aestheticrequirements, “must incorporate clearly defined and ascertainable standards, applied in a principled manner.”Continue Reading
RWA Appoints Copper Valley Wireless CEO to BoardThe Rural Wireless Association appointed the CEO of Copper Valley Wireless in Valdez,Alaska to its board. James Dunn has over 25 years of telecom industry experience.
“I am ready to roll up my sleeves and get to work to put rural wireless carrier issues on the forefront,” said Dunn.“RWA’s advocacy is critical to create a level playing field and I am committed to getting our voices heard.”
Dunn holds an MBA and law degree from Georgetown University. “With his vast knowledge and experience, he willbe a great addition to our diverse board,” stated RWA President Mike Kilgore.
The board also appointed Jana Wallace, COO of Panhandle Telecommunications Systems, to chair its EducationCommittee.
In MemoriamRon Rackley, Broadcast Engineer and Former AFCCE President
Longtime broadcast engineer Ron Rackley, one of the founding members of consultingengineering firm duTreil, Lundin and Rackley, died last Friday, April 12. John Lyons, presidentof the Association of Federal Communications Commission Consulting Engineers (AFCCE),announced the news.
Rackley was president of the AFCCE in 1987-88, and was the 2006 co-honoree with BenDawson of the NAB Radio Engineering Achievement Award. He was also a board memberand as Vice President of the IEEE Broadcast Technology Society.
Ron also worked for antenna system equipment manufacturer Kintronic Laboratories inBristol, Tennessee, according to his bio on the duTreil, Lundin and Rackley website. He began his career at WFBCRadio and TV, Greenville, SC in 1970, as the Radio Transmitter, Supervisor, and Chief Radio Operator. ContinueReading
KentuckyCounty OKs 911 Tower ExpenditureChristian County Fiscal Court approved three E-911 Advisory Board recommendations last Tuesday that includedfunding for tuning cans and extending the software maintenance contract, according to WKDZ-FM.
Christian County Emergency Management Director Randy Graham says the cost to replace the tuning cans andtransmission equipment at the Oak Grove radio tower site is around $14,000.
MassachusettsMajority Rules: Varsity Wireless Tower Project ApprovedJudge Mark Wolf ruled in favor of Varsity Wireless receiving a permit for a tower intended to close a coverage gap inHamilton, MA. The site is to be located behind the Town Hall, which many town officials celebrated, according toWicked Local.
Per the ruling, “The agreement for judgment between Varsity and the town constitutes a fair, adequate andreasonable compromise concerning the costs and benefits to the town, its citizens, and Varsity.”
“The town will also receive financial benefits, lease payments, co-location fees, and utility payments as a result ofissuance of the permit,” it continues. “In addition, the agreement saves the town future costs of litigation." ContinueReading
Wireless West Opens, Conference Schedule Starts TodayWith the opening golf outing concluded yesterday, hosted by the Arizona Wireless Association at Talking Stick GolfClub, and exhibitors all moved in, the Wireless West Conference opens it schedule of topics today.
Panels with cover the following issues related to the wireless infrastructure industry:
The 5 G's of 5GProject Management vs. Program ManagementFiber "Optics": A Look at the Challenges of a Fiber Optic BuildoutTower HourState of the Wireless UnionTower Workforce Strategies
OntarioCommTech East Announces Award WinnersThe fifth annual CommTech East conference, continues today at the Mississauga Convention Centre in Mississauga,
Ontario with focused panel topics covering the wireless infrastructure industry in Canada. Last night the conferencenamed the winners of various awards:
Canadian Individual Excellence and Innovation in (ICT) Information Communications Technology Award: EricGoulden, President, Telonix CommunicationsCanadian Business Excellence and Innovation in (ICT) Information Communications Technology Award:Antronix Inc., Accepting award, Neil Tang, PresidentCanadian Volunteer of the Year in Information Communications Technology Award: Rob McCann, Founder &President of Clear Cable Networks and the Hamilton Technology Centre2019 CommTech Lifetime Achievement Award in Information Communications Technology: Lawrence Watson,WAN System Integrator, Rogers Communications. Continue Reading
APC Towers: Senior Director, DevelopmentRaleigh, NC
Responsibilities include:
Manage site development, tower/land acquisitions, and collocation opportunities nationwide.Work with the Carriers at the market and regional levels.Coordinate and manage vendors, including site acquisition, environmental, engineering, legal, construction.Forecast site budgets and development schedules.Generate and create budget/financial models for new sites using existing and historical data.Maintain and update files in the document and project tracking databases as required.Lead efforts with Business Development, Project Management, and Operations teams for site walks, generalmaintenance, incoming collocations, and general business operations.Provide direct oversight and maintain trackers for project milestones.
To review job qualifications and apply, click here.
TowerCo - Director of Business Development “Midwest & South Region”
TowerCo is actively seeking qualified candidates with a Business Developmentbackground in the Midwest and South Region. Previous sales experience in BuildTo Suit or Collocation Sales is preferred and someone with a site acquisition and or
project management background is important.
TowerCo is based in Cary, NC and is made up of a highly skilled team of wireless infrastructure professionals.Successful candidates can look forward to being a part of an exciting team in this rapidly growing industry.
We welcome qualified candidates to submit your resume to: [email protected]
Modesto, CA contributed by Caleb Curtis.Email your tower shots or upload them here. Please be sure to include the tower location.
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