Thursday, July 13, 2017
Telecom Carriers Fight Over Coveted Leasing Space on NYC Street Lamps
Street lamps in New York City – upwards of 250,000 of them – are valuable real estate for telecom companies, their carrier partners and their infrastructure, especially small cells. Several of these companies have franchise deals with the city, coveting prime space on the poles, and wait all year to bid for them. After back and forth communication with the administration of Mayor Bill de Blasio, these companies have grown frustrated and alarmed by the city’s lack of urgency, according to Crain’s New York Business.
With unlimited data plans and increased streaming, carriers need to expand wireless capacity. The companies are trying to bring better service to customers – and obtain more clients in the process – by adding the small cells near customers and increasing spectrum capacity. With only 4,000 poles reserved via bidding to date, there is ample opportunity for more leasing space. Typically poles reside at intersections and industry experts estimate that monthly charges for light-pole use might go as high as $400 during this next round. Continue Reading