T-Mobile US signs 12-year lease with Crown Castle

T-Mobile US signed a new 12-year agreement with Crown Castle International to support the continued build-out of T-Mobile's nationwide 5G network with increased access to Crown Castle's towers and small cell locations. 

“T-Mobile’s expanded alliance with long-term partner Crown Castle will fuel acceleration of our nationwide network build and provide synergies that we can further invest into that build – all in support of our Un-carrier mission to truly deliver 5G FOR ALL,” said Neville Ray, president of Technology at T-Mobile. “This agreement is another integral piece of T-Mobile’s ongoing efforts to rapidly expand what is already America’s largest 5G network. We won’t stop focusing on reaching even more customers and delivering fast 5G speeds to more people – every day and into the future.”

"We're excited to build on our long-standing strategic relationship with T-Mobile as we work closely with them to continue to deploy their next-generation 5G network," stated Jay Brown, Crown Castle's chief executive officer. "T-Mobile and Crown Castle are ideal partners for this next phase as wireless network architecture continues to densify. We believe T-Mobile's significant long-term commitment to utilize our comprehensive infrastructure consisting of towers, small cells and fiber will enable our collective teams to quickly meet future network demands."

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Everynet launches LoRaWAN network across U.S.

 Everynet launched its LoRaWAN Internet of Things (IoT) network in the United States.  The first phase of Everynet’s national network rollout will include the top 36 metropolitan areas and key logistics corridors across the United States, expected to go live by the end of 2021. 

Everynet will operate as a neutral-host, enabling mobile network operators (MNOs), mobile virtual network operators (MVNOs), application service providers (ASPs), managed service providers (MSPs) and internet service providers (ISPs) to offer carrier grade Low-Power Wide-Area (LPWA) IoT services to their customers. 

Everynet will utilize Crown Castle’s infrastructure which includes more than 40,000 cell towers and nearly 80,000 route miles of fiber. Everynet’s 15-year commitment ensures that LoRaWAN customers, across the U.S., can easily go live on the network to monetize their deployments such as smart sensors or monitoring tools.

In addition to the U.S. market, Everynet networks are live in Brazil, Indonesia, Spain, United Kingdom, Italy, Puerto Rico, Ireland and Iceland. Everynet also participates in the LoRa Alliance global association that offers roaming to more than 27 countries across the globe. Everynet has also collaborated with Semtech, a leading supplier of high performance analog and mixed-signal semiconductors and creator of LoRa technology.

“Expansion to the U.S. market is an important part of our global development. Our ultra-low-cost networks are already live across the globe, and we are pleased to enable nationwide, no CAPEX, turn-key IoT networks for our CSP partners,” said Lawrence Latham, CEO of Everynet. “Everynet networks deliver carrier grade connectivity, with built-in resilience, security and meaningful SLAs without any need for network CAPEX from our wholesale customers.”

“It was an easy decision to work with Everynet to build out their LoRaWAN IoT connectivity. We both see the long-term value of LoRaWAN in the U.S. and embrace shared infrastructure access for customers. We look forward to helping Everynet go live with a much-needed network,” said Paul Reddick, vice president of strategy, business and product development for Crown Castle.

“Our work with Everynet extends back many years and across many different geographies. As a company, we are committed to helping our customers address real world challenges and make the world a better, sustainable planet,” said Mohan Maheswaran, president and CEO of Semtech. “Everynet’s network launch will allow even more IoT applications and use cases leveraging LoRa to hit the U.S. market – everything from smart refrigeration and asset tracking to water conservation and utilities management.”

http://www.everynet.com

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Crown Castle and Verizon enter long-term 5G Small Cell commitment

Crown Castle has signed a new long-term agreement with Verizon to support Verizon’s 5G Ultra Wideband and 5G Nationwide deployment. Specifically, Verizon has committed to lease 15,000 new small cells from Crown Castle over the next four years. Once installed, the small cell leases will have an initial term of 10 years.

“Verizon has led the industry in 5G deployment and has been at the forefront of building a strong ecosystem of stakeholders who will continue to drive forward this essential platform for innovation,” said Gina Cacciatore, Executive Director of Network Engineering and Operations for Verizon. “This agreement with Crown is an important component of our 5G expansion plans and will advance the infrastructure requirements for many more people to access this revolutionary technology.”

“We are excited to expand our longstanding strategic relationship with Verizon with this significant small cell agreement,” stated Jay Brown, Crown Castle’s Chief Executive Officer. “We look forward to continuing to support Verizon’s growth as they deploy 5G Ultra Wideband and 5G Nationwide, and we believe our ability to offer a comprehensive solution with towers and small cells at scale provides us the best opportunity to deliver value as we support their wireless infrastructure needs.”

• Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. 
• In December 2020, T-Mobile US, notified Crown Castle it was cancelling approximately 5,700 small cells contracted with Sprint Corporation ("Sprint Cancellation") prior to its merger with T-Mobile. The majority of the cancelled small cells were not yet constructed and, upon completion, would have been located at the same locations as other T-Mobile small cells. The Sprint Cancellation resulted in T-Mobile accelerating payment of all contractual rental obligations associated with the approximately 5,700 small cells as well as the payment of capital costs incurred to date.

DISH signs tower lease with Crown Castle

Monday, November 16, 2020    

DISH signed a multi-year agreement with Crown Castle to lease space on up to 20,000 communication towers. As part of the agreement, DISH will receive certain fiber transport services and also have the option to utilize Crown Castle for pre-construction services. The agreement encompasses leases on towers located nationwide, helping DISH facilitate its buildout of the first open, standalone and virtualized 5G network in the U.S. Financial terms were...

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Crown Castle's Q1 site rental revenues grew 5.5% yoy

Crown Castle's mobile tower site rental revenues grew approximately 5.5% to $1.310 billion, from first quarter 2019 to first quarter 2020. There was a net loss of $185 million, down 4% from a year earlier.

Capital expenditures during the quarter were $447 million, comprised of $13 million of discretionary land purchases, $21 million of sustaining capital expenditures and $413 million of discretionary capital expenditures. The discretionary capital expenditures included approximately $319 million attributable to Fiber and approximately $87 million attributable to Towers.

Jay Brown, Crown Castle’s Chief Executive Officer: "We believe our ability to offer towers, small cells and fiber solutions, which are all integral components of communications networks and are shared among multiple tenants, provides us the best opportunity to generate significant growth while delivering high returns for our shareholders. We believe that the U.S. represents the best market in the world for communications infrastructure ownership, and we are pursuing that compelling opportunity with our comprehensive offering. As we look forward to what will likely be another decade-long investment cycle for our customers with the deployment of 5G, I am excited about the opportunity we see for Crown Castle to deliver long-term value to our shareholders."

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Crown Castle raises its financial outlook

Crown Castle reported Q2 site rental revenues of $1,238 billion, up 6% from $1,169 billion for the same period a year earlier.

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 75,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market.

"We delivered terrific results in the second quarter that exceeded our expectations and reflect the strong demand for our unmatched portfolio of towers, small cells and fiber assets," stated Jay Brown, Crown Castle’s Chief Executive Officer.  "We believe our ability to offer towers, small cells and fiber solutions, which are all integral components of communications networks and are shared among multiple tenants, provides us the best opportunity to generate significant growth while delivering high returns for our shareholders.  We remain excited about our ability to continue to generate attractive growth and returns for our shareholders as we remain focused on delivering dividend per share growth of 7% to 8% per year.

"We entered 2019 with momentum building on the tower side of the business, and I am excited that we are experiencing even higher levels of tower activity than we expected, which is driving an increase to our full year 2019 Outlook.  Our current tower leasing activity is our highest in more than a decade, and we believe this level of activity will carry into next year.  Additionally, we are constructing small cells for our customers as they invest in their current networks while beginning 5G deployments.  The significant increase in small cell deployments is straining the response time of municipalities and utilities, resulting in longer construction timelines than we previously experienced.  These pressures are most acute in several top markets where we are seeing the highest volume of activity.  Due to the elongated construction timelines, we now expect to deploy approximately 10,000 small cells in 2019, which is at the low end of our prior expected range of 10,000 to 15,000, but approximately 30% more than what we delivered last year.  We expect the increase in tower activity, offset by longer small cell timelines, to generate higher expected AFFO per share growth of 8% for 2019, up from our prior Outlook of 7% growth and at the high end of our long-term growth target."

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T-Mobile to deploy small cells on Crown Castle properties

T-Mobile and Crown Castle are extending their long-term, strategic relationship to cover the deployment of additional small cells within their existing footprint and light up small cells in new markets.

T-Mobile will use the small cells to enhance 4G LTE network capacity and prepare for 5G deployments.

“This agreement expands our long-term partnership with Crown Castle,” said Neville Ray, Chief Technology Officer for T-Mobile. “By installing additional small cell locations, our customers will have an improved wireless experience with LTE and as we migrate to 5G.”

“Our expanded agreement with T-Mobile strengthens our longstanding relationship and provides a variety of economic benefits to local governments, businesses, and consumers in new and existing markets,” said Jay Brown, Chief Executive Officer, Crown Castle. “We look forward to continuing to support T-Mobile’s growth by investing in infrastructure assets to meet their network needs for years to come.”

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AT&T and Crown Castle expand strategic relationship

AT&T and Crown Castle announced a new and expanded long-term leasing deal for wireless network infrastructure.

Under the new agreement, leasing management and operations are streamlined to improve the efficiency and flexibility under which AT&T can deploy new technologies and increase network capacity. In addition to macro sites, the new agreement covers small cell deployments. Financial terms were not disclosed.

The companies said the new agreement will enable AT&T to speed up the deployment of 5G technologies and the execution of our FirstNet build.

"This agreement marks a significant milestone in our relationship with Crown Castle," said Susan Johnson, executive vice president – Global Connections and Supply Chain, AT&T. "It establishes a market-based framework and simplifies the lease management and administration process. This will allow us to streamline network projects to better serve our customers."

"We are pleased to expand our longstanding strategic relationship with AT&T," said Mike Kavanagh, Chief Commercial Officer, Crown Castle. "We look forward to continuing to support AT&T's growth by providing our infrastructure assets to meet their network needs for years to come."

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Crown Castle Completes Tower Deal with AT&T

AT&T and Crown Castle completed a previously announced  $4.85 billion deal under which AT&T will lease the rights to approximately 9,100 of its company-owned wireless towers to Crown Castle.   The deal also includes the sale of approximately 600 AT&T towers to Crown Castle.

Under the terms of the leases, Crown Castle will have exclusive rights to lease and operate approximately the towers, including the option to sublease to other carriers. The average term of the lease rights is about 28 years. As the leases expire, Crown Castle will have fixed price purchase options, totaling approximately $4.2 billion, for these towers based on their estimated fair market values at the end of the lease terms.

AT&T will sublease capacity on the towers from Crown Castle for a minimum of 10 years for $1,900 per month per site, with annual rent increases of 2 percent. AT&T has the option to renew up to a total of 50 years. AT&T will also have access to additional reserve capacity on the towers for future use. AT&T expects the additional capacity will help it continue to meet growing demand for mobile Internet services. The transaction will have no impact on the customer experience.

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AT&T and Crown Castle Sign $4.85 Billion Tower Deal

AT&T and Crown Castle announced a $4.85 billion deal under which AT&T will lease the rights to approximately 9,100 of its company-owned wireless towers to Crown Castle.   The deal also includes the sale of approximately 600 AT&T towers to Crown Castle.

Under the terms of the leases, Crown Castle will have exclusive rights to lease and operate approximately the towers, including the option to sublease to other carriers. The average term of the lease rights is about 28 years. As the leases expire, Crown Castle will have fixed price purchase options, totaling approximately $4.2 billion, for these towers based on their estimated fair market values at the end of the lease terms.

AT&T will sublease capacity on the towers from Crown Castle for a minimum of 10 years for $1,900 per month per site, with annual rent increases of 2 percent. AT&T has the option to renew up to a total of 50 years. AT&T will also have access to additional reserve capacity on the towers for future use. AT&T expects the additional capacity will help it continue to meet growing demand for mobile Internet services. The transaction will have no impact on the customer experience.

“This deal is good for AT&T and our shareholders,” said Bill Hogg, Senior Vice President — Network Planning and Engineering, AT&T Services Inc. “This deal will let us monetize our towers while giving us the ability to add capacity as we need it. And we’ll get additional financial flexibility to continue to invest in our business, maintain a strong balance sheet and return value to our shareholders.”

http://www.att.com
http://www.crowncastle.com/index.aspx

• In December 2012, Crown Castle purchased approximately 7,200 towers from T-Mobile USA for $2.4 billion in cash.  
  
• Also in 2012, Crown Castle International acquired NextG Networks for approximately $1.0 billion in cash.  NextG, which specialized in outdoor distributed antenna systems ("DAS"), had over 7,000 nodes-on-air and a further 1,500 nodes under construction. In addition, NextG had rights to over 4,600 miles of fiber. Over 90% of NextG nodes were in urban and suburban locations, with 80% in the top ten US metropolitan areas, including New York, Los Angeles, Chicago and Dallas Fort Worth.

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