Wireless Carriers (“Wireless Communications Service Providers” or “Mobile Network Operators”)
Currently there are four major wireless carriers in the US to date: AT&T, Verizon, Sprint, and T-Mobile, as well as a handful of smaller wireless carriers. These companies own and/or operate infrastructure that provides service such as cell service, internet service, wireless voice messaging, and broadband service.
Wireless carriers have several means of providing services to their subscribers. They use cellular sites such as cell towers, rooftops, or other structures such as water tanks, billboards, church steeples, and scoreboards in sports stadiums. Wireless carriers can own their own towers. Recently, some of the wireless carriers have sold some of their towers to cell tower companies. Sometimes it is more efficient and the correct monetary move for the cell tower company to take over ownership and management of the tower.
On occasion, the wireless carriers may contact you as opposed to the cell tower company. Reaching out to you directly is not necessarily a bad thing. They reach out to you for several reasons:
- To construct a new tower on your property by means of securing a lease for your land or structure.
- To Extend the existing lease term before its expiration
- To modify the existing lease terms
- To expand the lease site by adding more land to the lease compound which can accommodate additional equipment
- To discuss the need for collocation or sublease agreements of third parties which often require your consent for the new sublease.
We will review the proposed agreement given to you and determine the most beneficial options. We will take into consideration the independent value of your property as it relates to the wireless carriers needs. This is a crucial step as it will help determine the rent structure you will receive as well as any additional increases you can get during the life of the lease.
With the right negotiations you and the wireless carrier will come to optimal terms that will provide you with a solid foundation of a long and prosperous partnership. As in any partnership, beneficial terms for each side must be reached for the partnership to thrive. This is a long lasting decision that will impact your property and its value for years to come.
|Verizon Wireless||123.5 (August 2014)||Verizon Communications|
•Includes Cricket Wireless
|116.6  (August 2014)||AT&T|
•Includes Boost Mobile, Virgin Mobile USA, Assurance Wireless, and Clearwire
|54.3 (August 2014)||SoftBank Corporation (80%)|
•Includes MetroPCS and GoSmart Mobile
|50.5 (August 2014)||Deutsche Telekom (74%)|