Image Source: American Tower
Structure of the Wireless Telecom Services Industry
Most firms in the wireless telecom services industry lease antenna space on communication sites/towers to wireless service providers, radio and television broadcast companies, and tenants in other industries. Tenant leases are typically long-term, noncancellable, have high renewal rates (98%+) and include attractive built-in annual rent escalations. Tower operators enjoy consistent demand for their sites, have high operating leverage (incremental costs to add new tenants are minimal), and require little capital expenditures to maintain their communication sites. We like the structure of the group.
We have dropped coverage of the Wireless Telecom Services Industry.
We cover other telecom stocks: Telecom Services: BCE, CTL, DCM, EQIX, FTR, S, T, TMUS, VOD, VZ, WIN