Why Cell Phone Tower Stocks Tanked Today

How AT&T and Verizon Want US Wireless Competition 

American Tower (AMT), Crown Castle (CCI) and SBAC Communications (SBAC) stocks tanked today by more than 5-10% on the news that AT&T and T-Mobile might be merging.  Why?  Because AT&T could remove T-Mobile’s overlapping cell phone tower sites and give more money to the shareholders.  If AMT, CCI and SBAC remove these duplicated towers is this good for the existing T-Mobile customer?  Now that AT&T & Verizon control 66% of the market and soon to be 75% this is how US wireless competition will look.   Here is a chart below of the cell phone towers that American Tower, Crown Castle and SBAC manage and own.  Do you think fewer cell phone towers is better for your wireless experience?   If you think AT&T & T-Mobile is bad for wireless consumers read this and help block the merger.

Number of Cell Phone Towers
22,321 - CrownCastle.com - $CCI
20,594 - Americantower.com - $AMT
10,792 - Att.com/towers - $T
8,588 - Sbasite.com - $SBAC
7,000 - T-mobiletowers.com  $DT

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