Deal moves company into 5G race as it gains rights to develop 80,000 locations into revenue generation wireless cell sites.
Fifth generation (5G) wireless cell tower developer Digital Locations announced this week that it closed its acquisition of SmallCellSite.com, a source of more than 80,000 pre-qualified wireless cell sites. SmallCellSite has non-exclusive agreements with site owners across the United States to offer use of their properties to network operators such as Verizon, AT&T and T-Mobile to build out their wireless networks.
The acquisition actually closed on January 7, but the purchase was subject to rescission based on acceptance by Digital Locations of an audit of the SmallCellSite.com’s books and records. Digital Locations has accepted the audit and will not rescind the transaction.
“The acquisition of SmallCellSite.com represents a great leap forward for Digital Locations,” company President Bill Beifuss said in a statement. This will allow us to participate in an ongoing flow of 5G site rental income from partnered properties rented to great tenants – the major 5G wireless carriers.”
SmallCellSite.com streamlines workflows and processes in cell site selection. Its interactive photos, maps and detailed site information for more than 80,000 contracted properties allow network carriers to select real estate assets that best fit their needs from a list of interested property owners. The company also pre-qualifies properties to remove slow downs in the site identification process. By pre-qualifying properties, SmallCellSite.com speeds up implementation, enables repeatable process and reduces the overall cost of small cell roll out.
It’s only a matter of time before 5G mobility is widespread in the U.S. Property owners are currently in a good position to leverage the demand for hundreds of thousands of new antenna sites, which will serve their tenants and allow them to generate a new revenue stream. SmallCellSite.com will also help CRE owners create a new revenue source from digital tenants based on their properties’ location and profile. This not only includes buildings, but poles, kiosks and billboards.
“True 5G coverage in the U.S. simply cannot occur without a massive buildout of at least 1,000,000 small cell sites,” Beifuss said. “The acquisition of SmallCellSite.com gives us a leg up in the race. By partnering with property owners, we minimize the use of capital in a very capital-intensive industry. The leverage effect for Digital Locations can be enormous.”
Joe Dyton can be reached at firstname.lastname@example.org.