Feb 07, 2017 - 07:22 AM
You should be careful- in some cases, we believe that American Tower may imply that Nextel is decommissioning their equipment but without saying they are actually terminating their lease with American Tower. However, Sprint may have other needs for the site. So while Nextel is technically leaving, Sprint may be still on the tower.
However, there are clearly situations where Nextel is terminating and American Tower has no revenue on the tower. To be sure- just ask American Tower whether they will have any revenue at all on the tower after Nextel decommissions. If they can't or won't tell you- that isn't a good sign. If they say directly there is no revenue on the tower, then more than likely telling the truth.
If you need help evaluating this- please reach out to us with the details. If we can't help- we will let you know.