TELECOM TOWERS MARKET ANALYSIS

Market News

Global Telecom Towers Market - Recent Developments

1. On August 31, 2022, American Tower Corporation and Verizon Communications Inc. announced that they have signed a new overarching lease agreement, facilitating Verizon’s ongoing 5G network deployment across American Tower’s extensive U.S. portfolio of communications sites. American Tower Corporation is an American real estate investment trust and a sole proprietor of remote and broadcast communication framework in a few nations overall and is settled in Boston, Massachusetts. In 2022, it is ranked 375th on the Fortune 500. Verizon Communications was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Verizon Communications is headquartered in New York City and with a presence around the world, generating revenues of $133.6 billion in 2021. The company offers voice, data and video services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control. The agreement between American Tower Corporation and Verizon Communications Inc. is a simplified contract that will drive mutual growth and value over a multi-year period through the collaborated efforts of both the companies.
2. On December 26, 2022, according to a report by com, the Ministry of Railways made its telecom services available to private businesses, permitting them to construct towers on Railways-owned land. The Union Cabinet lowered the criteria for railroad land license fees (LLF) in an effort to attract private investment months earlier. This step has been taken in order to promote the widespread use of 5G technology across the country and contribute towards the ‘Digital India’ initiative.
3. On February 03, 2023, according to a Business Standard, telecom provider Bharti Airtel increased its direct stake in Indus Towers by acquiring 23.01 percent of the shares held by its wholly-owned subsidiary Nettle Infrastructure. Bharti Airtel currently owns 47.95 percent of Indus Towers. The telecom operator earlier owned a 24.94% stake and 23.01% through its subsidiary Nettle Infrastructure. The increased stake in Nettle allows the company to have a higher involvement and power in the decision-making ability within the company.
4. On July 22, 2022, during a conference call with investors, Crown Castle's CEO Jay Brown stated that the company expects to double the rate of small cell deployments by 2023 in comparison to the 5,000 nodes it expects to deploy by the end of 2022 in order to meet the growing demand from its customers. This is due to the fact that 5G networks require small cells on a large scale. T-Mobile US and Crown Castle International signed a new 12-year agreement earlier this year to help T-Mobile expand its nationwide 5G network and gain access to Crown Castle's towers and locations for small cells. T-Mobile US will further expand the 5G network's reach to serve customers across the U.S. in accordance with the terms of the agreement, which includes 35,000 small cells.