Author Archives: Dewey K. Shay

A Brief Word From the CEO…

I attended CTIA in Las Vegas in late May. What struck me was the de-emphasis on macro sites and tower-based infrastructure in the agenda and (much) heavier focus on small cell sites. Small site infrastructure means both DAS and simply … Continue reading

Posted in Cell Site Technology, Key Events in the Wireless Industry | 1 Comment

A Brief Word From the CEO….

So the good news is the strong are strong and getting relatively even stronger! The bad news? The weak are getting even weaker. Bids for MetroPCS and U.S. Cellular leases are few and far between and no one buys Nextel. … Continue reading

Posted in Cell Site Property Value, Mergers and Acquisitions | Leave a comment

The Rich Get Richer (and the Poor Get Poorer)

What is absolutely true in the world of tower ground leases and rooftop antennae leases is that the stronger carriers’ leases are becoming relatively more valuable as the lesser carriers’ leases become less valuable. Why? AT&T and VZ are the … Continue reading

Posted in Cell Site Property Value, Economic Value | 1 Comment

A Brief Word from the CEO…

Since my last posting, it is now entirely clear that T-Mobile’s network upgrade is that company’s most important priority – and this make MetroPCS rent very, very vulnerable. T-Mobile will be able to service the former MetroPCS subscribers with their … Continue reading

Posted in Key Events in the Wireless Industry, Mergers and Acquisitions, Sprint | Leave a comment

A brief word from the CEO…

There have been 2 major cell site industry events in the past few weeks: (1) the merger of MetroPCS into T-Mobile, and (2) a sale of USCell customers and network to Sprint in certain Midwest markets. Both events will result … Continue reading

Posted in Key Events in the Wireless Industry, Mergers and Acquisitions | Leave a comment

A Brief Word From the CEO…

There are several key events that have happened recently in the wireless industry but the biggest is Softbank’s investment in Sprint and T-Mobile’s backdoor IPO through MetroPCS. Both events will mean network consolidation. T-Mobile and MetroPCS will now have overlapping … Continue reading

Posted in Key Events in the Wireless Industry | Leave a comment

Network Consolidation

The disclosure in May that AT&T and Cricket held merger talks recently underlines an important point – a principal risk to cell site value in the next year to 5 years is all forms of network consolidation. For example, it … Continue reading

Posted in Economic Value | 1 Comment