It’s a fact that the demand for connectivity increases as more and more devices require a wireless connection. In the UK, there are at least 23,000 cell towers, which is undoubtedly a considerable number, though perhaps it doesn’t sound as staggering compared to the 300,000 built in the US in the past 20 years. However, it’s also true that companies can go bankrupt or are often bought by others. In the event of a merger between two wireless carriers, existing cell sites risk being decommissioned.
So, what happens to your lease with a wireless carrier if the company suddenly goes bankrupt?
We don’t need to tell you that 3G and 4G coverage isn’t available everywhere. While technology is definitely changing fast and, 3G/4G rollouts have been going on for years, some places still do not have coverage. Even if you buy the best or the newest smartphone on the market, you’re still not guaranteed fast network service throughout Canada.
In fact, before 4G is complete, 5G will be introduced. You can learn more about 5G by reading our article What is 5G and how will it impact your life for the better?
Have you been wondering whether entering into a lease buyout transaction affects ownership of your property? As the leading cell tower and rooftop antenna lease investment firm in the world, we want to put your mind at ease. In order to do this, we feel it’s important to clarify the difference between your property rights and contractual rights. Once you understand how these differ, we’re convinced you’ll appreciate how partnering with APWireless Canada is a win-win situation.
Given that your contract with the wireless carrier, your property and APWireless Canada are different, their legal roles are not the same.
Are you considering selling your cell site lease to a lease prepayment company? Before you move forward, it’s important to realize that not all cell tower or rooftop antenna lease buyout companies have relationships with carriers the way we do or will offer you the same favorable terms.
APWireless Canada prioritizes a good relationship between wireless carriers and cell site owners, developing long-term partnerships that benefit all three parties involved: the cell site owner, the wireless carriers and the cell site lease investment firm. As professionals in the field, we only seek out win-win-win solutions.
As the leading cell site lease investment firm in the world, APWireless currently has over 4,000 cell sites worldwide. The bigger our presence, the bigger our voice in the industry, which motivates carriers to want to work with us. What does this mean for you as the landlord of a cell site? More cell sites in better locations increase wireless carriers’ efficiency for new site colocations.
It’s worth noting that as mobile technology changes, wireless infrastructure needs to be upgraded to keep up with the demands and remain efficient. You can find out about the transition to 5G and its impact by reading the article What is 5G and how will it impact your life for the better? How will this affect current wireless infrastructure?
The world of investment goes beyond stocks and bonds. As demand for cellular network usage and the expectation of uninterrupted access to the internet continue to grow, cell tower and rooftop antenna leases become an increasingly strong financial asset and a great way to diversify your investment portfolio. Cell towers need to be placed close to each other so users can stay connected as they travel across the phone grid. There are millions of cell sites across the world, which translate into just as many investment opportunities. If you were approached by a wireless carrier to have their infrastructure installed on your property in exchange for a monthly payment, would you consider entering into a cell tower lease agreement?
Have you started hearing about 5G but aren’t quite sure what it is or why we need it? Technology changes very rapidly. If you’re a non-digital native, perhaps a Xennial or a younger Gen Xer, you probably started using mobile phones in your teens, long before the smartphone came along. Since then, chances are you’ve owned your fair share of devices, and with each new mobile phone upgrade, you have experienced a new iteration of technology. These days, we practically consider a stable internet connection a basic necessity (How did we even survive without 24/7 access to the internet?), and it’s not just our mobile phone and computer that require a mobile internet connection. We don’t need to tell you that technology makes life easier, but perhaps you’re wondering how 5G will make your life better.
You probably already know about the benefits of receiving a cell tower lease buyout in exchange for your cell site rent, but are you still wondering what the actual terms entail? Whether you’ve already signed a contract with APWireless Canada or are still deciding if it’s the right thing for you, learning more about the terms and conditions of a cell tower lease buyout is sure to give you peace of mind.
Your Property Remains Your Own
A cell tower lease buyout does not affect the ownership of the property in any way, nor the rights that the wireless carrier has in the lease agreement. As the property owner, you will receive a prepayment in the form of a lease buyout in exchange for the right to receive future cell site rent from the carrier.
It’s important to note that APWireless Canada buys the rights to receive cell tower or rooftop antenna rent for a specified period of time. This means that the right to receive rent for your cell site will revert back to you once this period ends.
Have you received an offer of purchase on your cell site lease? Are you wondering whether the smart move is to take it?
Cell site leases vary greatly, from county to county and provinces to provinces, but the one thing they have in common is that the rewards are often reaped in the long run. You can decide to cash in early and receive a substantial up-front lump sum for your lease. APWireless Canada can provide you with a cell tower lease prepayment in exchange for the future rent that you would receive for the cell site on your property. What you do with this money is entirely up to you and the possibilities for reinvesting it are endless.
Did you know that, as a property owner, you can have multiple cell site leases with different wireless carriers? Network sharing has many benefits for wireless carriers, including, reducing costs and providing or expanding coverage in congested areas where space for cell towers or rooftop antennas may be limited. Network sharing can even have a positive impact on the environment, thanks to the optimization of scarce resources.
The APWireless Canada team spent the day with Charles Sousa, the Minister of Finance for the province of Ontario, volunteering to support yet another important community program.
The Mississauga Food Bank is the central food bank that provides food for over 183,000 meals each month. Half of all this food is fruit, vegetables, meat and dairy products. Thousands of individuals and families across Mississauga rely on us every day.
This is just one of many great ways APWireless has been giving back to communities across Canada.
New 5G technology is arriving with alarming speed! Much like the jump from 2G to 3G, 5G will be a revolutionary step for today’s society. The network coverage will be much larger than what has been previously offered to consumers across the globe including remote parts of the world. Along with increased coverage, loading speeds will be 100 times faster (www.cnet.com). So fast that you can download HD movies in mere seconds! As smart phones and tablets become more prominent, Ericsson Canada Chief Technology Officer, Dragan Nerandzic, said on June at the Canadian Telecom Summit that mobile video traffic will grow 55 per cent annually in the next five years (www.financialpost.com). Wireless networks will be able to use this advanced 5G technology to accommodate an expected increase of over 1,000 times more data usage, and more than double the amount of broadband subscriptions (www.lightreading.com).
- – APWireless Canada is currently promoting a No Cost, No Obligation Site Lease Evaluation from August 1st to December 31st, 2016, a $500.00 value.
- – APWireless Canada has over 100 years Telecommunications Industry knowledge combined
- – Learn more about your Cell Tower Lease, your cell Site and the potential value of this asset
- – This Cell site Lease Evaluation could save you Hundreds of Thousands of Dollars
- – Know your rights when dealing with cellular providers
- – Know fair market value when dealing with wireless carrier providers
- – APWireless Canada has National Canadian Industry Experts
What to look for when negotiating the renewal, it seems that recently some of the Cellular Providers in Canada are inserting “Consent Language” into their renewals this Language generally reads like this:
Wireless networks are tremendously complex and are changing continually. Without a crystal ball, no one knows for certain if a given site is going to remain operational long-term, or if there are going to be additional carriers coming. If someone tells you otherwise, ask for proof!
We’ve become the leading cell site lease investment firm in the world by understanding the industry better than anyone and informing landlords like you about your options. What we know is that there is no indication US carriers are interested in entering the Canadian market (reference business.financialpost.com) and that tower and equipment consolidation in Canada is a reality (Shaw Communications recently announced the purchase of Wind Mobile, plus Bell and Telus already share some network assets).
There will be winners and losers as this plays out. The winners will be the landlords who are able to eliminate risk through a lease buyout and put the proceeds to use today in a way that creates more personal value. The losers will be the ones who stick their head in the sand and choose to ignore their alternatives.
As a cell tower or rooftop antenna lease owner, otherwise referred to as the landlord, it is important to understand the structure of and terminology within your lease. While we can’t cover all lease terminology, we can help demystify the legal language of the most common terms within your lease, license, rooftop, or other surface use agreement. Having reviewed thousands of these agreements, we have found the following terms to be used in the majority of cell site leases: Option, Easement, Use, Term, Termination, Rent, Taxes, Utilities, Indemnification and Insurance, Default, Assignment and Subletting, Right of First Refusal, and Amendment.
Leases will generally define a period of time that allows the tenant to do their due diligence. Typically this appears early in the lease and is called the “option” or “option period”. It describes the area to be considered and should also state a certain period of time—usually 1 year—for their due diligence and the consideration to be paid in order to make the agreement binding. At this point the landlord is locked in and gives full rights of use to the tenant, should they choose to take it. The option section will also provide some information as to what the due diligence will entail.
Along with the defined area to be leased, the carrier or tower company will also need access to the site and available area to run fiber, utilities, or other underground cables or equipment to operate the site. Additionally, the type of easement to be granted (access, utility, etc.) and the location of said easement will be identified here.
Wireless carriers realize that building more traditional macro cell towers is not always a viable solution due to the large amount of space these installations require, along with the high price of building and maintaining them. The answer just might be in small cell technology. With a small footprint, this new alternative for higher capacity data can provide a range of 10 meters within urban areas, and up to 2 km for more rural locations. Although small cells have not yet gone mainstream, they are on the rise as the best solution to deal with traffic in high-density areas in a reliable, inexpensive, and easy-to-install way.
Money today is literally worth more than it will be in the future in terms of what it will buy you. In 1985, before you drove to the grocery store to buy a liter of milk for $0.98, you would complain about spending $0.54 per liter to fill up the tank of the car you had just purchased for $8,300. Today, milk costs an average of $2.20, you are more than happy to spend $0.90 per liter at the pump, and buying a new car will put a $32,500 dent in your bank account. You can largely thank inflation for this.
But inflation isn’t entirely to blame for rising costs nor does it explain why in 1985 the average home in Toronto sold for $109,000, whereas today the median home price in the city has now risen to $600,000! There are countless reasons why costs skyrocket with time, including popularity, world events, diminishing resources, natural phenomena, technology, etc.
With ever-increasing speeds, accessing the web from your mobile device has become even more convenient and sometimes faster than using your home computer. This is the type of technology that brings “mobile” lifestyle to the next level, giving us the ability to do anything from anywhere.
For years smartphone ownership has been on the rise, with 80% of adults owning at least one smartphone and spending about 11 hours a day with electronic media. Without network expansion, this increase in data demand can negatively affect the performance of your smartphone by reducing speeds. We can probably all agree, it is extremely frustrating trying to visit a page or watch a video and the data just isn’t working. We want our internet to be faster; we need our internet to be faster. Our everyday lives changed after the introduction of 3G technology and mobile data usage, and with the spread of 4G LTE, life will just get better. So what makes 4G LTE so great?
Although it is celebrated on different days all around the world, we all come together with the same intent, to honor the social and economic achievements of hardworking men and women over the decades. This celebration goes above and beyond the recognition of the individual worker and takes pride in the accomplishments of those individuals who have fought together through activism and labour movements. Pushing for fair wages, improved working conditions, shorter work days/weeks, and children’s rights in the working world.
With the increased practice of holiday sales, backyard barbecues, mini vacations, and plenty of rest and relaxation on this three day weekend, the true meaning of Labour Day can get a little hazy. We, however, cannot forget the importance of this occasion as a time to reflect on the courage of the working people who brought us Labour Day and the many working benefits we enjoy today. This Labour Day, enjoy your day off in whichever way you choose, but let’s also take a moment to reflect and appreciate the team of working individuals that make our lives function day-to-day. Doctors, Fire-Fighters, members of the Military are widely recognized and appreciated, as they should be, but we should also cherish the workers that are not often remembered.
When I began my career in the Telecom Industry with ClearNet in the late 1990s cell phones were in their infancy. Just being able to make a phone call from almost anywhere was amazing.
At that time ClearNet marketed itself under the tag line “The Future is Friendly”, offering both analog and digital coverage and billing by the second rather than the minute. Over time devices have changed from being able to make a simple phone call to being able to text and now email, Facebook, Twitter, Google, YouTube, and Instagram. Changes in technology have created a challenge for cellular providers to deliver necessary bandwidth for these new devices; smartphones that we use today take up the bandwidth of 35 dual-mode phones of yesterday!