Here are the cell tower lease rates by State. Cell tower stocks should be concerned about the growing WiFi trend and need to start thinking about WiFI locations as a threat. At Boingo's market capitalization of 425M each hot spot site is worth $1,300. You figure each WiFi hot spot has multiple WiFi antennas so your average cost is far less than $1,000 and provides better coverage indoors. Pretty cheap and economical if you ask me. We think that 4G LTE networks are going to implode on themselves and cause wireless armageddon.
WiFi vs Cell Towers
AT&T Wifi Hotspot Locations Map
American Tower Growth Dead in the US?
Free WiFi Hotspots Growing 5X Faster than Cell Towers