Last Updated on January 12, 2021 by Henry John
5G Tower Companies have a major role to play in the deployment of 5G technology and they are playing that role. The major cell tower companies are going all in on 5G technology, buying and installing 5G infrastructures; making big moves for a big payday.
According to MarketStudyRepot LLC, Worldwide 5G network and tower deployment market was worth USD 1934.45 million in 2019 and is projected to showcase an appreciative growth rate over 2020-2025.
If you’re interested in investing in 5G Cell Tower Companies, here are 4 5G Tower Stocks to consider:
1. Crown Castle International Corp (NYSE: CCI)
Crown Castle owns, operates, and leases towers and other infrastructure for wireless communications.
It offers significant wireless communications coverage to every major US market and to substantially all of the Australian population.
The company owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions.
2. American Tower Corp (NYSE: AMT)
American Tower Corporation is a holding company. The company conducts its operations through its directly and indirectly owned subsidiaries and joint ventures. It is a wireless and broadcast communications infrastructure company that owns, operates and develops communications sites.
Its primary business includes leasing antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. This business is its rental and management operations.
It also offer tower-related services domestically, including site acquisition, zoning and permitting services and structural analysis services, which primarily support its site leasing business and the addition of new tenants and equipment on its sites.
The company is one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 181,000 communications sites.
3. Cellnex Telecom ADR (OTCMKTS: CLLNY)
Cellnex Telecom, S.A. operates infrastructure for wireless telecommunication in Spain, Italy, the Netherlands, France, Switzerland, the United Kingdom, and Ireland.
The company operates through three segments: Telecom Infrastructure Services, Broadcasting Infrastructure, and Other Network Services.
It offers co-location services in its infrastructure allowing mobile carriers to install their telecommunications and wireless radio broadcast equipment; and multi-operator telephony network solutions for open and closed environments through distributed antenna systems and small cells technologies.
The company also provides broadcasting network services, including digital terrestrial television (DTT), hybrid DTT, satellite DTT services, and premium DTT services; FM and digital radio services; and Internet media services, such as online multiscreen video solutions, online business support solutions, and content distribution services, as well as site rental services.
In addition, it offers data transportation services comprising satellite transportation, digital terrestrial circuits, Amazon direct connect, and Internet throughput services; security and emergency networks, terminals, and control centers; smart communication networks consisting of wireless broadband, irrigation management services in rural settings, and Internet of Things services; smart services for city management; and engineering/consulting, and operation and maintenance services.
The company serves mobile network operators, broadcasters, and other public and private companies. As of December 31, 2019, it operated through a portfolio of 36,471 sites and 1,995 nodes.
4. SBA Communications Corporation (NASDAQ: SBAC)
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa.
The company generates revenue from two primary businesses site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.
Its site development business offers wireless service providers and operators assistance in developing their own networks through site acquisition, zoning, construction, and equipment installation.
SBA owns and operates towers in Brazil, Canada, Costa Rica, Ecuador, El Salvador, Guatemala, Nicaragua, and Panama.