Thursday, August 29, 2019

T-Mobile Halts Construction and Extends Payment Terms

Reports from various Inside Towers sources have confirmed that T-Mobile, at least in several major markets, has put new builds on hold and has asked contractors to put off invoicing into 2020. Citing the delayed merger with Sprint as the major factor, one industry executive said small contractors working for the carrier will, “feel the pain.” T-Mobile was unavailable for comment.
The carrier late last week sent out emails to tower construction companies and contractors informing them that T-Mobile will solely concentrate on 5G-related PO’s and non-5G-related work will be paid at 120 days and not the normal payment terms which vary by contractor company.


“Additionally, these companies are being asked to supply materials (in many cases $15K to $20K per job), pay for cranes up front, and then they can only mark those up five percent,” said one contractor who wished to remain anonymous. Continue Reading

No comments:

Post a Comment