The analysts at Pacific Crest Securities prefer the wireless tower companies to the mobile carrier any day of the week. According to Michael Bowen and Trevor Upton, “While the carriers, Verizon Communications, AT&T, Sprint and T-Mobile US, have stabilized a bit, we remain cautious on the group and prefer the wireless towers, SBA Communications, Crown Castle International and American Tower.T-Mobile’s promotion of 4G tablets for the price of Wi-Fi tablets ended in May, but its discounted data plans for tablets remain. In all cases, two-year data plans were required to take advantage of the free or discounted tablets. We expect these free or heavily discounted tablets to boost tablet net additions, which should bolster overall net additions. We believe this will make it difficult to see the underlying net addition trends.” While the mobile carriers are seeing muted-revenue and average-revenue-per-user impact, the wireless tower companies seem much more reliable to researchers.
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