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Crown Castle – AT&T And You

On October 20, 2013, Crown Castle entered into a tower leasing agreement with AT&T Mobility. The deal leases 9,700 wireless towers to the company for a term of 28 years, in exchange for $4.85 billion.

Crown Castle also gained the right to acquire the towers outright in the future for $4.2 billion-600 towers will be acquired outright by Crown Castle in the future. AT&T will pay $1,900 per month to access the towers with rent rising approximately 2% per year.

The towers have an average tenant base of 1.6, signifying that the future collocation potential is high. AT&T’s portfolio has significantly higher numbers of towers, with less than 20 years remaining until expiration.

Crown Castle Plans: Crown Castle is expected to be very active in securing the long-term rights under the AT&T towers, and is expected to begin a short and long-term plan to acquire the ability to remain at these locations, either via long-term lease extensions or lease buyouts.

AT&T Lease Terms: The AT&T leases, on average, have significantly less terms remaining than the typical Crown Castle lease, so they are likely to intensely focus on these 9,100 AT&T sites.

Crown Castle Recent History: During 2013, Crown Castle extended over 1,000 cell tower leases and purchased more than 800 via their lease buyout program. It now controls the land beneath almost 70% of its towers for more than 20 years, with an average term of 29 years remaining on its land leases.

Vertical Consultants continues to advise its clients of the opportunities they have regarding their AT&T lease due to the Crown Castle transaction.

If you have been contacted by Crown Castle, then call us today, and we will review your lease and your tower site to see what options you truly have and how to optimize those options.

Vertical Consultants is always open to providing you with not only references from clients we have assisted, but we will let you speak to them directly.

Results Matter: In 2023, Vertical Consultants averaged a 303% immediate increase in rents being received by our clients. We get results by being the only full-service telecom consulting firm that can handle your telecom, real estate and negotiation questions all under one roof. No other consulting firm can say that, nor can they match our results. “Advice is Nice but Results are Better”