The largest cell tower companies trade on a multiple of $500,000-$750,000 per cell phone tower under management. The largest cell tower operators American Tower, Crown Castle and SBA Communications are valued between $4-20 billion dollars according to their latest stock prices.
27,000 - Americantower.com - $20B (NYSE: AMT) - $740,000 per cell tower
23,900 - CrownCastle.com - $12B (NYSE: CCI) - $500,000 per cell tower
8,588 - Sbasite.com - $4B (NYSE: SBAC) - $468,000 per cell tower
325,000 - Boingo.com - $425M (Nasdaq: WIFI) - $1,300 per Wi-Fi hotspot
Every mobile phone subscriber is propping up a house of cards waiting to crash with faulty assumptions that wireless subscribers don't have options to move to free or WiFi-only solutions. WiFi hotspots are becoming a rapidly growing form of alternative broadband communication to the overly congested 3G, 4G and LTE cellular networks. Most WiFi locations are operated by independent providers as a free wifi hotspot or for a paid subscription from companies like Boingo (Nasdaq: WIFI). WiFi is growing 5X faster than cell phone towers at 40% per year around the World. It makes you wonder why cell phone tower stocks tanked recently on the T-Mobile and AT&T merger news?