Tower Companies Guiding on Lower Growth in 2015
While Q4 organic growth met or beat estimates for all major U.S. tower companies, New Street Research said in a report to investors Sunday that the companies forecast a sharp slowdown in 2015. SBA Communications has had the largest moderation…
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in growth, the analyst report said. The lower growth may be due to declining activity at AT&T, the report said. AT&T has slowed network investment in part because it paused activity leading into the AWS-3 auction and in part because it plans to repurpose newly acquired Leap sites rather than build new ones, the report said. Despite the guidance, the report doesn’t see any changes to long-term industry growth predictions.