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The team at Vertical Consultants is operating with normal business hours and services. If you need assistance with your cell tower lease, do not hesitate to reach out by phone or email.
Was Coronavirus Caused by 5G?
Have you recently heard that 5G caused Coronavirus? While that myth has been fully debunked by scientists and fact checkers there is no doubt Coronavirus is now impacting most industries, cell towers included. What does that impact look like for telecommunication companies, cell tower companies, and cell tower lease holders?
Inevitably, during any crisis some industries find even more opportunity available; such is the position of telecommunication companies today. That’s because each day more people are being told to work from home, schools are closing, and people are using technology to relieve the isolation from social distancing.
Increased Need for Capacity
More people on wireless networks means more capacity needed and more towers, as well as upgrade to existing towers. Just last week, Verizon announced a detailed plan to increase capex by $500 million.
For investors, CNBC recently suggested that tower stocks are a good buy because more data will be used and we could be leaning toward a trend of virtual offices moving forward too.
What If You Have A Tower On Your Property?
If you have a tower on your property, be sure to keep an eye out for additional equipment installations. New equipment may also mean additional revenue for the tower company. If your lease is structured correctly, that will mean additional revenue for you as well.
If you have been approached about placing a tower on your property, be sure to get all the facts before you sign a lease agreement. The tower company may attempt to use the troubles on Wall Street to get you to accept a lower offer and unfavorable terms.
What A Recession Could Mean
While an economic recession would certainly impact us all, the tower companies may be leveraging this unfairly to fool people into making poor decisions. These decisions will impact you, your land, and your family for decades to come — long after the coronavirus is under control and the economy has rebounded.
As we all wait to see how the virus impacts our lives and economy, there is no need to wait to secure your cell tower lease, renewal, or buyout. If you’re considering any of these options, be sure to get expert advice and avoid missing out on potentially hundreds of thousands of dollars.
The tower companies have experts on their side. Shouldn’t you?
Contact us for a free lease review.