Have you been contacted about an 5G LTE upgrade lease amendment to your existing cell site lease or other cell tower lease amendment? Long Term Evolution is also known as the 4th generation of wireless technology, hence the names LTE / 4G. But forget 4G, that is so 2012. In 2017 we can expect 5th Generation 5G LTE and more small cells and DAS (distributed antenna systems) networks to be built. Increasingly, landlords should expect to be receiving cell site lease amendments as some of the major cellular carriers including AT&T, Verizon Wireless, Sprint, Metro PCS and T-Mobile are currently expanding their network capacity by integrating an LTE network overlay. LTE Long-Term Evolution is just a fancy industry buzzword for adding capacity to their already robust wireless networks. Many of you may better understand LTE from the sales and marketing gimmicks on TV, where the carriers advertise their smart phones for sale being 4G capable. LTE and 4G and 5G (aka 4th or 5th Generation), are pretty much synonymous.
The 5G fifth generation LTE technology provides faster data for the multiple services they are trying to sell you, and offers a vast network capability, an improved end-user experience and a simple architectural design that results in a lower operating cost to maintain for the carriers.
What this Long Term Evolution 4G/LTE and 5G/LTE means for landlords with an existing cell site lease, is that some of the carriers will require additional space for telecom cabinets and or wireless antennas at their existing facilities to provide this much needed overlay architecture. Of course in many cases the cellular carriers will try to slip this past landlords as a mini modification and or upgrade, and landlords need to turn to a professional that can review the carrier’s construction designs as well as their lease terms to judge what the carrier and property owner’s specific rights are at a particular cell tower site.
In many cases a landlord may be able to improve their financial return on their cell tower lease due to the need for additional space, or at least be able to modify and improve some of the language or terms in their existing cell tower leases pertaining to tax assessments, etc. that can be improved due to current market needs.
In many instances carriers will simply send out a letter informing you of the LTE upgrade or send you a letter of intent notifying you of this issue and ask you to execute the document. Please do not sign anything put in front of you relating to any sort of LTE upgrade amendment or cell site lease upgrade without first receiving the review and approval of a cellular leasing industry expert.
Now that the T-Mobile / AT&T merger is off the table, T-Mobile needs to aggressively pursue building out a 4G network to compete. Additionally, in 2017 we expect AT&T and Verizon Wireless will be performing large-scale expansions and 5G LTE upgrades (5th Generation) to their networks with Sprint to follow suit later in 2017-2018 and beyond. We encourage wireless landlords to contact us here at Tower Genius toll-free at 888-313-9750 if you have any questions about having your cell site lease amendments or LTE Upgrade Lease Amendment reviewed or negotiated.
Tower Genius is and independent telecommunications consulting company and is neither an agent nor contractor and is not affiliated with AT&T, Verizon Wireless, Sprint or any other cellular carrier providing Long Term Evolution 4G LTE upgrades. We are the leaders in providing wireless landlords and property owners LTE upgrade lease amendment review and negotiation services in all major USA and Canadian wireless markets.
Find out from Tower Genius how we help landlords and property owners in the USA and Canada maximize cell site lease values and get the best possible terms for: