Tower Companies and Operators to See Additional Leasing Opportunities Driven by Continued Investments from Major Carriers: Expert Analyst Benjamin Lowe Interviews with The Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - July 23, 2013 - The Wall Street Transcript has just published its Wireless Communications & Telecom Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Mobile Trends in Emerging Markets - 4G Infrastructure Capital Expenditures - Tower Cell Splitting - Global Wireless Spectrum Allocation - 4G LTE and 3G Infrastructure Upgrades

Companies include: American Tower Corp. (AMT), Crown Castle International Cor (CCI), SBA Communications Corp. (SBAC), AT&T, Inc. (T), Verizon Communications Inc. (VZ), Sprint Nextel Corp. (S), Dish Network Corp. (DISH) and many more.

In the following excerpt from the Wireless Communications & Telecom Report, an expert analyst discusses the outlook for the sector for investors:

TWST: Looking ahead, are we looking at more of the same, or are you anticipating any significant changes on the horizon?

Mr. Lowe: My expectation from a growth perspective is for that growth to persist for the next couple of years, and if you look top-down right now in the U.S. primarily, it's the primary area of focus. Right now it's all about 4G LTE buildout by the major national carriers.

Verizon is the furthest along, as they are wrapping up the first phase of that buildout. AT&T is a little bit behind them, and then T-Mobile and Sprint are further behind those two. Expect the initial phase of that LTE buildout to continue over the next year or so.

The next phase is going to shift from the amendment activity, where the carriers are going back and adding new equipment to existing sites, and they will shift from that amendment activity to new site leasing, where they look to put up whole new cell sites on existing towers. We started to see some of that mix shift recently and expect that to continue to shift in back half of this year and then into 2014, and that will help sustain that growth for the overall industry.

Besides that, another key area of focus will revolve around gauging the impact of Sprint accelerating its pace of investment now that the Sprint, SoftBank (TYO:9984), Clearwire, Dish (DISH) saga is in the rearview mirror. Last week the SoftBank CEO indicated that Sprint will spend $8 billion this year and next year, and then ultimately beyond that spend about $6 billion per year in capex, and that's a meaningful increase from the amount of capex investment that we've seen from Sprint over the past couple of years. That is definitely a positive for the group and will help to drive additional leasing opportunities for all the operators.

Beyond that, there are some wild cards out there. The public safety network that has been talked about for a while; that will...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

View Comments (0)