Do you ever see cell towers becoming obsolete? We are blessed to have significant monthly income from a cell tower and the 3 ground leases that have. What are the chances of my cell tower leases going away because of cell towers becoming obsolete? I have been offered several cash lump sum buyout offers from tower lease buyout firms from New York and California, and I've also been called about our AT&T lease and T-Mobile lease by two companies that are telling us we need to help the carriers lower their operating expenses and they seem to be almost saying that if we don't agree to lower our rents that they can't guarantee our cell tower will remain in place. It seems like a shakedown but I don't understand enough about the technology to reason with them.
Has anyone else on this forum experienced the same thing?
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