A U.S. District judge ruling today cleared the way for a T-Mobile/Sprint merger. Tower operators (CCI, SBAC, AMT) would see a headwind to leasing activity as the combined company eliminates redundant towers but this would happen over time as contracts expire – mitigating this are concessions to the merger that could boost near-term leasing activity. Dish (which would acquire Sprint’s prepaid wireless business) and the New T-Mobile have each committed to extensive 5G build-outs as part of the DoJ’s merger-related agreements.
Sarah Kanwal
Equity Analyst, Director
Direct: 617.226.0022
Fax: 617.523.8118
Crestwood Advisors
One Liberty Square, Suite 500
Boston, MA 02109
$CCI.US
[category equity research]
[tag CCI]