The tower sector has faced unexpected headwinds in recent months. Since EchoStar's $23B spectrum sale to AT&T was announced on August 26, the sector has declined  ~11% - even amid an interest rate cut that historically benefit tower companies. Investor...

With hyperscalers projected to spend over $320 billion combined in 2025 cap-x (1), the investment community has focused almost exclusively on this high-profile segment. However, this laser focus on "bright and shiny" hyperscale spending risks overlooking a compelling...

The current fiber industry landscape bears a striking resemblance to the cable industry of the 1990s and the wireless sector of the early 2000s. To bury lead: what happened then – is what I think will happen now. The cable and wireless “orphans” got adopted and at the...

Tower stocks have been up ~ 15% (1) year-to-date and have significantly outperformed data centers of late. The reasons for this are not overly surprising: lower interest rates, market rotation toward ‘safer’ investment models, the overhang around...