The company said it has canceled 7000 greenfield small cell nodes, likely leading to an asset write-down charge of $125 to $150 million in the fourth quarter, which will affect the annual net income ...
Inflation and rising interest rates have forced wireless carriers to tighten their budgets following the initial rollout of the 5G network, impacting demand at tower leasing companies like Crown ...
Cell towers and other infrastructure facilitate wireless communication and data transmission, enabling mobile phone networks to function effectively. Many cell phone tower REITs choose to own and ...
(Corrects paragraph 1 of Oct. 16 story to say cancellation of some contracts weighed on forecast and not slower tower leasing activity. Adds forecast range in paragraph 4 and changes dateline to Oct ...
Inflation and rising interest rates have forced wireless carriers to tighten their budgets following the initial rollout of the 5G network, impacting demand at tower leasing companies like Crown ...
SBA Communications raised its annual forecast for adjusted funds from operations on Monday, anticipating a steady wireless carrier activity on the back of growing demand for 5G network.