With 5G Starting, Crown Castle Sees Leasing Increase
Crown Castle is seeing an uptick in tower leasing as 5G launches, with a 30 percent increase over last year, CEO Jay Brown said Thursday on a Q2 call. "Expansion of the uses of wireless networks will require ubiquitous, low…
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latency, high speed connectivity, which we believe will extend demand for our towers for many years to come.” Brown warned that construction timelines have grown longer -- 18-36 months, compared with prior average of 18-24 months. “Elongated construction timelines” mean Crown Castle will likely deploy about 10,000 small cells in 2019, at the low end of the expected range of 10,000 to 15,000, he said. FCC orders last year helped speed construction only in some markets, he said. Brown said the company won’t be able to deploy all of the fiber needed for 5G: There will be “a number of players in this space, including the wireless carriers, who are going to build significant amounts of fiber and probably share that among themselves.”