Tower Power Telecom operators are hiving off their infrastructure into separate companies, which are commanding heady valuations. Why are they worth so much?
Business Today, September, 2007 by Anand Adhikari
The wireless industry doesn't stand still for very long," began James Taiclet, CEO of 12-year-old American Tower Corporation. Taiclet has just set in motion a conference call with a dozen analysts from his 11th floor office on 116 Huntington Avenue, Boston. The occasion: A discussion on the company's second quarter loss on account of a bankrupt subsidiary. But analysts were keener to learn more about the company's tower business across the globe and the guidance for 2007 from the US's biggest tower company.
American Tower owns some 22,000 towers, which are primarily used to transmit mobile phone signals. But these towers are beginning to find other uses, too. "The much-awaited Apple iPhone was launched. We believe that this product may be the inflection point of a very...
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