Monday, March 7, 2016

Wall Street Firm Sees Slow Down Ahead For Towers

Wells Fargo Securities analysts last week downgraded the growth rate for the tower sector. The concern is carriers are avoiding network contracts until 5G standards are finalized, and the FCC’s incentive auction is complete.
In a research note, quoted by Fierce Wireless, the analysts noted, “Bottom line — we believe the industry is facing some growing pains right now in the U.S. Will it pass? Yes, we believe so.” They went on to say, “We believe the carriers are pushing back and new incremental growth will be harder from here as we wait for the spectrum auctions, FirstNet, and 5G decisions and standards all get sorted out.”  Continue Reading

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