A new year brings new budgets! Early indicators in U.S. carrier budgets point to a continued bullish market (carrying over from 2014). While there are some natural fluctuations in multi-billion dollar construction forecasts – the overall outlook remains strong. We want to share with you carrier-by-carrier predictions provided below.
AT&T To Decrease Cap Ex Slightly
According to a recent article by RBC Capital Markets, AT&T will reduce cap ex from $11.5B to $10B in 2015. There is an anticipated slow down in leasing from AT&T however if you were a fly in the wall in my office you wouldn’t think so. There are many new AT&T new site build projects coming online where landlords can benefit from using cell tower lease experts such as Airwave Advisors.
Verizon To Keep The Course
Verizon’s cap ex levels for 2015 appear to keep the course with levels from 2014 at $11 billion. Verizon is focusing strongly on in-fill projects in urban markets installing small cell, DAS, and other solutions to compliment their macro network.
Sprint Holding Fairly Steady
The always uncertain future of Sprint remains a mystery however their cap ex slightly decreases from $5.26B to $5.2B. We have seen Sprint primarily conducting operations out of their Overland Park, Kansas office with some staff in local markets. In November of 2014 Sprint announced layoffs of more than 450 employees. 140 of which were network engineers and 70 of which were project and program managers.
T-Mobile Slightly Increasing Their Budget
T-Mobile is forecasted to slightly increases their budget from $4.37B to $4.64B. We have seen T-Mobile pro-active in constructing new cell towers in urban markets while upgrading their existing infrastructure. There are rumors in the industry that they will be more aggressive in construction after the first quarter.
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***The blog post above is offered strictly as an opinion***
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About Nick G. Foster
Since founding Airwave Advisors® in 2014, Mr. Foster has added value to over 400 clients ranging from the State of Nevada, City of Beverly Hills, to Habitat For Humanity. Mr. Foster focuses on cell tower lease renewals, buyouts, new lease negotiation, and cell site lease management. Prior to starting Airwave Advisors® Mr. Foster founded and led the Cell Site Services Group within nationwide commercial real estate services leader Cassidy Turley (now known as Cushman & Wakefield).