Crown Castle purchased the rights to over 7,200 T-Mobile cell towers on September 28, 2012. This transaction led to Crown Castle acquiring the exclusive right to lease and operate these cell sites for over 25 years, with an option to purchase these cell tower assets at the end of the agreement.
T-Mobile originally, like most wireless carriers, constructed their towers for the primary purpose of serving their equipment needs in a particular area. T-Mobile towers have only about one and a half tenants per tower site, leaving enormous growth potential for Crown Castle and their use of these sites.
T-Mobile Lease Features: The typical T-Mobile cell site lease has, on average, significantly less term remaining than the typical Crown Castle lease, and less than 2 tenants per tower site. The 7,200 T-Mobile cell tower sites are expected to be a priority for Crown Castle.
Crown Castle Recent Actions: During 2013, Crown extended 1,000+ tower leases and obtained more than 800 via their lease buyout program. Crown Castle controls the land beneath 65% of its towers for more than 20 years, with an average term of 30 years remaining on its land leases.
Vertical Consultants continues to advise its clients of the opportunities they have regarding their T-Mobile 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 provide you not only references from clients we have assisted but we will let you speak to them directly.
Results Matter: In 2020, Vertical Consultants averaged a 302% 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”