Tower Leasing Drought Ends as Spectrum Flows Out

By J. Sharpe Smith, Inside Towers Technology Editor

The tower industry went through a number of years from 2014 to 2019, where leasing and tower builds were pretty slow, Bob Paige, Vertical Bridge Executive Vice President of Mergers and Acquisitions and Corporate Development, said during the Tower Panel presented by Vogue Towers at last week’s South Wireless Summit in Nashville. But that is over now. “Last year, we and the public tower companies had a record year.  We're certainly off to a good start this year as well,” Paige said. The formula for this uptick is simple, according to Paige. “When the carriers spend $120 billion on spectrum, which they did over the last three years, they are going to put the 180 MHz of spectrum that they acquired to work,” Paige said. Continue Reading