Home > Sprint Decommissioning
Every cell tower lease has an escape clause in favor of the cell tower company and wireless carriers. In the event a cell tower is no longer needed by the wireless carriers, they make sure that they have the right to terminate the lease. This is true with all of Sprint’s cell tower leases, currently undergoing review. Since the T-Mobile merger with Sprint, tower decommissioning letters have been sent to thousands of property owners announcing the date by which the tower will be decommissioned. The result is that property owners will stop receiving rental checks thereafter.
Many property owners consider this to be bad news, however, we see this as a potential opportunity for something bigger on the horizon. The tower lease will define how and when the tower is to be removed. Depending on the location, design type, and cell coverage by different wireless carriers in the area, there may be an unseen opportunity for the landlord that needs to be explored. If you have been contacted by T-Mobile to terminate your Sprint lease, we suggest you utilize Terabonne’s resources to explore potential opportunities to understand how to turn this seemingly unfortunate event into a financial windfall for you. We do not charge a fee to explore these opportunities together. Please contact us anytime.
Your Options In Early Terminations
Property owners often believe they have no options in an early tower lease termination. We believe otherwise. We will know the details after we review the lease documents and tower design criteria. We are happy to conduct a review and discuss options that are available to you. We never charge a fee unless and until we deliver value to you. Please contact us below.
Your message was successfully sent. We will contact you within 24 hours, likely sooner.
A ROFR grants the tower owner the right to match an offer by some third party who makes an offer to purchase your lease that you accept.
Crown Castle, American Tower ATC, SBA Towers are the “Big Three” tower companies.
Attorneys retained by wireless carriers authorized to review legal terms but never allowed to negotiate financial nor technical terms of the lease because they lack the technincal skills.
A person who specializes in land use matters well knowledgeable in its jurisdictional requirements.
A person hired by the wireless carrier to contact property owners to discuss lease terms. This role has evolved to be landlord facing rather than lease negotiations.
Geographical areas depicted in a circle (ring) drawn by radio frequency (RF) engineers defining the areas requiring new cell towers and technical parameters surrounding such designs.
Companies who build towers and lease back to wireless carriers. These companies almost always receive Search Rings from wireless carriers defining where carriers need towers to be built.
Radio Frequency engineers who specialize in the radio wave propagation. These are the engineers to define cell tower locations.
Companies that purchase cell tower leases with the purpose of repackaging (aggregating) them in a larger portfolio and selling them for a profit at a later time.