Technology Rising, Cell Site Tower Leases Falling
Massive development has occurred in the cellular market over the past quarter century. Beginning it’s life as a gadget that only the elite could afford, the cell phone has become a basic commodity for everyone in all walks of life. This transition couldn’t have taken place without the global growth of wireless networks, the backbone of the mobile phone. For many years, constructing new cell sites and towers was essential for all cellular networks just so they could accommodate the rising demand. Today, market changes and fast-paced technology upgrades have stimulated wireless network providers to reevaluate many of their older cell sites, cell towers, and their wireless leases.