T-Mobile and Crown Castle have agreed to expand their long-term, strategic relationship to allow the tower to deploy additional small cells within its existing footprint and light up small cells in new markets. The arrangement will assist T-Mobile in enhancing 4G LTE network capacity while preparing for 5G.
“This agreement expands our long-term partnership with Crown Castle,” said Neville Ray, Chief Technology Officer for T-Mobile. “By installing additional small cell locations, our customers will have an improved wireless experience with LTE and as we migrate to 5G.”
This agreement will add significant infrastructure to both existing markets as well as new markets.
“Our expanded agreement with T-Mobile strengthens our longstanding relationship and provides a variety of economic benefits to local governments, businesses, and consumers in new and existing markets,” said Jay Brown, Chief Executive Officer, Crown Castle. “We look forward to continuing to support T-Mobile’s growth by investing in infrastructure assets to meet their network needs for years to come.”
Wells Fargo Securities analyst Caleb Stein said the announcement is validation of Crown Castle’s strategy of providing fiber and small cells, along with macro towers. Additionally, AT&T announce an expanded relationship Crown Castle in April of this year.
“Thus, we believe CCI has a strong relationship with those two carriers and view the expanded agreement with TMUS
as further proof. As we have noted before, given CCI’s strategic decision to being a fiber owner and turnkey small cell provider, we view CCI as uniquely positioned to provide carriers network solutions where other tower companies
have yet to make a priority,” Stein wrote in an Equity Research Flash Note.