Crown Fort completed 2020 with roughly 50,000 small cells on air, and has elevated its backlog of small cells dedicated or below building to roughly 30,000, the corporate’s CEO Jay Brown stated throughout a convention name with traders.
Within the name, the manager additionally highlighted a brand new small cell cope with U.S. provider Verizon. “We’re additionally excited that we’ve expanded our strategic relationship with Verizon by signing a long-term small cell settlement to assist Verizon’s 5G ultra-wide band and 5G nationwide deployment. Beneath this settlement, Verizon has dedicated to lease 15,000 new small cells, representing the biggest small cell award in our historical past and demonstrating the worth of sharing small cell and fiber infrastructure belongings with a number of clients.”
“The Verizon settlement is an actual affirmation of our small cell technique, and so they imagine there’s actual worth in a 3rd occasion offering the infrastructure to them. And I believe we’re in a fantastic place to do this. So we’re targeted on ensuring we ship for them and assist them get their 5G launched,” Brown stated.
Brown additionally stated that the current cancellation of a small cell settlement by T-Cellular won’t have an effect within the agency’s long-term development alternative for its small cell enterprise. “Late final 12 months, T-Cellular notified us that they have been canceling roughly 5,700 small cells that we initially contracted with Dash. Nearly all of the small cells have been but to be constructed and would have been positioned on the similar areas as different T-Cellular small cells as soon as accomplished.”
The corporate presently has a portfolio of 40,000 towers and 80,000 route miles of high-capacity fiber concentrated within the high U.S. markets. “Trying ahead, I’m excited in regards to the development alternative as our clients embark on what’s more likely to be a decade-long funding cycle to develop 5G in what stays the very best wi-fi market on this planet,” the manager stated.
Brown additionally stated that he believed that the start of the launch of 5G expertise creates one other alternative for cell website densification. “I believe the carriers are going to proceed to densify their 4G networks. Along with the funding that they’ve made – that they’re going to make on the 5G aspect, I believe we’ll proceed to see 4G websites deployed.”