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 behemoths of the industry with over 100 million subscribers each. Even players such as Sprint and T-Mobile have fewer than 50 million subs these days. The AT&T and Verizon scale gives them the ability to invest more in network development making their sites (and leases) relatively more valuable. Next time – what if your lease is from MetroPCS, U.S. Cellular or a lesser carrier?

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