Over the course of the last 25 years, the cellular industry has experienced tremendous growth. Cell phones have graduated from an ultra-expensive communication device to an inexpensive commodity. The cellular network – the foundation that all cell phones depend upon for service – has rapidly expanded as well. Cellular networks have spent much of the past 25 years leasing property, building “cell towers,” and establishing “cell sites” as quickly as possible in order to meet demand. Today, changing cellular technologies are causing cellular networks to re-organize their cell sites and towers (and their leases).
When cellular phone technology first began to gain popularity, the rush was on to build a cellular network as quickly as possible. Most of this expansion occurred during the first and second generations of cellular technology during the late 1980s and 1990s. During these days, cell towers and cell sites were often chosen based on location. Certain properties and buildings offered “ideal” coverage, and cellular networks often paid exorbitant lease rates for these “ideal” spots because the cellular technology of the time was simply too limited to work anywhere else.
But as the expression goes “times, they are a changin’.”
Today’s third …