SBAC - Who's Investing In Mission-Critical Cell Tower REITs?
2024-03-06 07:00:00 ET
Summary
- AT&T Inc. experienced a major network outage that affected tens of thousands of customers, highlighting the reliance on cell phones for communication.
- Cell tower real estate investment trusts, or REITs, play a crucial role in providing the infrastructure for wireless communication.
- American Tower, Crown Castle, and SBA Communications are three cell tower REITs worth considering for investment due to their stability and potential for growth.
You don’t need to be an AT&T Inc. ( T ) customer to know what happened with its service the other week.
It made national news across all the big platforms. For its part, CNN’s first piece on the topic, “5 Things to Know About the Massive AT&T Network Outage,” explained how:
“Tens of thousands of Americans had trouble making phone calls, sending texts, reaching emergency services or even accessing the internet on Thursday [February 22] because of a nearly 12-hour AT&T network outage.
“And at least one police department reported that its 911 line was briefly flooded with people dialing to see if their calls would go through from their cell phones.”
Again, you probably already heard all about that. And you definitely don’t need to be told how:
Who's Investing In Mission-Critical Cell Tower REITs?
“The alarm over an outage of a major cell network that at one point affected more than 70,000 customers is understandable.
“People have become deeply reliant on their cell phones for keeping in touch with work and family, getting directions, accessing the internet and doing two-factor authentication for website logins – not to mention more serious tasks like calling for help when in danger.”