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Towers & Cells

Towers and cell sites are the physical foundation of mobile coverage — the masts, rooftops, small cells, and passive infrastructure that host radio equipment. This space is shaped heavily by towercos, independent companies that own and lease sites to operators, turning infrastructure into a distinct asset class. Densification for 5G, the rise of small cells, shared infrastructure models, and edge facilities at tower sites are reshaping how coverage and capacity are built and financed. For operators, site strategy affects cost, coverage, and speed of deployment; for towercos and investors, it’s a business in its own right. This channel covers towers and cell sites — towerco activity, densification, small cells, and shared and neutral-host models — with analysis of how the physical layer of mobile networks is evolving and who controls it.

In this episode of 5G Talent Talk, Carrie Charles speaks with Ken Schmidt, President of Steel in the Air, Inc. Steel in the Air provides guidance to thousands of clients across the United States on cell tower and cell site leases. Ken’s many years of experience has led him to become a pivotal thought leader in the industry, using his knowledge to guide hundreds of municipalities through the complexities of cell tower lease issues. His expertise also extends to assisting private and public landowners, as well as major entities in the airline, subway, university, and public utility sectors. They discuss the increase in activity the wireless industry has seen in the first half of 2024 as well as how master lease agreements between public tower companies and wireless carriers have changed significantly, with carriers now looking to alternative private tower company models for more favorable terms. Ken also shares his thoughts on how the meteoric rise of AI will change the telecom industry and how individuals can adapt. Being open and willing to change is crucial for both survival and success.
Discover the latest shifts in the telecommunications landscape, from Casa Systems' strategic bankruptcy and the DoD's consideration of 3GHz spectrum release, to Airspan's financial resurgence, Huawei's robust earnings against Qualcomm, Jio's milestone in 5G subscribers, and the repercussions of AT&T's significant data breach. In this 187th episode of The G2 on 5G, we cover: 0. Intro
1. Casa Systems files for bankruptcy as it attempts to reorganize its 5G core, RAN and cable assets
2. Is the DoD preparing to release 3GHz spectrum for 5G or 6G applications?
3. Does Airspan’s reorgainztion breathe new life into the once high flying provider of Open RAN and small cell infrastructure?
4. Is Huawei on the road to recovery with its latest $99 Billion earnings? What does it mean for Qualcomm?
5. Reliance Jio hits 100 million 5G subs, will it double down on spectrum to maintain its lead?
6. AT&T data breach impacts 73M customers
In this episode of 'The 5G Guys' podcast, hosts Dan McVaugh and Wayne Smith discuss the rapidly changing landscape of telecommunications infrastructure and 5G technology with guest Hugh Odom, the founder of Vertical Consultants. The discussion plunges into the transformation of carrier models for property owners, the influence of municipalities and private networks, and the necessity of regulation. Important subjects touched upon include the carriers versus tower companies' different business models, the introduction of small cells in the public right of way, and the realization of telecommunication services as the fourth utility. In the backdrop, Hugh Odom offers educated insights on the future of how business gets done between cellular carriers and tower companies and the building and landowners they do business with to procure leases for building their infrastructure.  Hugh shares his perspective on the need to shift the cell site leasing model to be more considerate of the needs and rights of the property owners who are leasing to the cellular carriers. 
Investors seeking to maximize their profits from the potential of 5G should consider a multi-pronged approach and invest in companies that provide 5G network equipment, tower infrastructure, semiconductors, and hyperscalers as well as 5G mobile network operators. Here are the top companies across the sectors that are leading global public/private network rollouts.
Dive deep into how Radisys Corporation is navigating the dynamic landscape of Open RAN and 5G technologies. With their innovative strategies, they are making monumental strides in advancing the deployment and implementation of scalable, flexible, and efficient solutions. Get insights into how they're leveraging small cells, private networks, and strategic collaborations within the 5G ecosystem.

Frequently Asked Questions

What’s the difference between a macro cell tower and a small cell?
A macro cell tower is a traditional, tall structure, often 50 to 200 feet or more, covering a wide geographic area with relatively high transmission power, historically the standard building block of cellular coverage across both rural and urban areas. A small cell is a much smaller, lower-power unit, often mounted on light poles, utility infrastructure, or building walls, covering a limited area, typically just a city block or a portion of a building, deployed specifically to fill coverage gaps or add capacity in dense urban environments where macro cells alone can’t deliver sufficient performance, particularly for high-band 5G signals that have a much shorter effective range than the lower-frequency signals macro towers traditionally relied on.
Who actually owns cell towers, the carriers or someone else?
Ownership varies considerably. Specialized tower companies, including major firms like American Tower and Crown Castle, often own and manage the physical tower structures themselves, leasing space on a given tower to multiple competing carriers who each install their own separate radio equipment on that shared structure. In other cases, particularly for smaller or older towers, a carrier may own the tower structure directly rather than leasing space from an independent tower company. This separation between tower ownership and the carriers using that tower has become increasingly common over recent decades, letting independent tower companies specialize in building and leasing tower space while carriers focus investment on radio equipment and network technology.
Why has 5G driven such a significant increase in small cell deployment?
High-band 5G frequencies, which offer the fastest speeds, have a much shorter effective range and struggle more to penetrate buildings compared to the lower-frequency signals earlier network generations relied on more heavily, meaning carriers need considerably more, smaller cell sites deployed closer together to deliver consistent high-band 5G coverage, particularly in dense urban environments. Rather than a single macro tower covering a wide area as might have been sufficient for earlier network generations, achieving comparable 5G coverage in a city often requires deploying many additional small cells throughout that same area, mounted on existing infrastructure like utility poles, to fill in the coverage gaps a smaller number of macro towers alone wouldn’t adequately address.
What factors determine where a new cell tower or small cell actually gets built?
Several factors influence where new tower or small cell infrastructure actually gets built. Population density and existing network traffic patterns heavily influence where carriers prioritize new coverage or capacity investment, since areas with more potential subscribers or higher existing congestion generally justify investment more readily. Local zoning regulations and permitting requirements, which vary considerably by municipality, can significantly affect both where infrastructure can legally be built and how long approval actually takes. Existing infrastructure availability matters too, since mounting a small cell on an existing utility pole is generally faster and cheaper than constructing an entirely new structure, making suitable existing infrastructure a meaningful practical factor beyond purely theoretical coverage planning.
How tall is a typical cell tower, and why does height matter for coverage?
Cell tower height directly affects how far a radio signal can travel before obstacles like buildings, trees, and terrain block or weaken it, since a higher antenna position generally has fewer obstructions blocking the signal’s path to nearby devices, allowing a single tower to cover a wider geographic area than a lower-mounted antenna could achieve. This is why macro cell towers in flatter, more rural areas, where covering a wide area with fewer total sites is the priority, are often built taller than the small cells and lower-mounted equipment more commonly used in dense urban environments, where the priority shifts toward adding capacity and filling specific coverage gaps rather than maximizing geographic coverage radius from a single site.
Why do some communities resist new cell tower or small cell construction?
Community resistance, sometimes called NIMBY opposition, typically centers on a few recurring concerns: aesthetic objections to towers or equipment being visually unappealing within a residential or scenic area, property value concerns among nearby residents, and in some cases, lingering public concern about potential health effects from radio frequency emissions, even though the scientific and regulatory consensus generally finds current cellular infrastructure operates within established safety limits considered protective of public health. These concerns can meaningfully slow down infrastructure deployment timelines, sometimes requiring carriers to pursue alternative site locations, modify proposed designs, or navigate extended local permitting and public hearing processes before a project can move forward to construction.
What’s a DAS (distributed antenna system), and when is it used instead of a tower?
A distributed antenna system, or DAS, uses a network of smaller antenna nodes connected to a shared set of radio equipment, distributed throughout a building or defined area, rather than relying on a single tower or small cell to provide coverage. DAS systems are commonly deployed inside large, complex buildings like stadiums, airports, hospitals, and office complexes, where a single external tower or small cell wouldn’t adequately penetrate deep into the building’s interior, and where the high density of simultaneous users during events, like a packed stadium during a game, requires more localized capacity than nearby outdoor infrastructure could practically support. DAS deployments are typically installed and often co-funded collaboratively between the building owner and one or more carriers.
How does tower and small cell infrastructure factor into 5G and future 6G coverage plans?
Continued tower and small cell infrastructure investment remains foundational to delivering on both current 5G coverage and capacity goals and future 6G plans, since no amount of advanced spectrum technology, AI optimization, or software-defined network capability can overcome a fundamental lack of physical infrastructure in a given area. As 6G is expected to potentially use even higher frequency bands than current 5G high-band spectrum for some of its most advanced capabilities, even denser small cell deployment may ultimately be needed in certain areas, continuing and likely accelerating the broader densification trend 5G has already driven in many urban environments. This makes physical infrastructure planning a consistently necessary companion investment alongside more software-focused network capabilities.

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