The year 2012 will be good for the tower sector, said a...
The year 2012 will be good for the tower sector, said a Wells Fargo report Wednesday. Wells Fargo expected steady capital spending from the major carriers, led by Verizon Wireless and AT&T. The industry is still in the early innings…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
of wireless data consumption and 4G adoption, the report said. Towers play an “integral role” in supporting wireless data growth, the report said. Wells Fargo reiterated its “Outperform” ratings on American Tower and SBA Communications. Several analysts expected T-Mobile to sell its towers. The carrier declined to comment, a spokesman said. While T-Mobile doesn’t have 4G spectrum, it may begin to modernize its cell sites and get better efficiency out of its existing spectrum, the report said. That would be “a material change” from 2011 where T-Mobile spent limited capital following the March announcement of its plan to be acquired by AT&T, the report said. The “directional change” of T-Mobile is positive for the tower sector overall, it said.