Global Signal Cell Site Lease Buyouts
How To Evaluate the Offer
To begin with, if you are looking for Global Signal's website, please visit www.gsignal.com. Steel in the Air is a consulting service that assists landowners who have been solicited by Global Signal for a cell tower lease buyout. Global Signal is a registered trademark of Global Signal Inc. We are not affiliated in any way with Global Signal.
Global Signal was the third largest tower company in the nation with over 11,000 cell towers and cell sites. Global Signal is the most recent reiteration of Pinnacle Towers who filed for Chapter 11 and emerged after a reorganization in 2002 as Global. Pinnacle had acquired approximately 1.850 towers from Motorola (mostly paging) and built and acquired a number after that.
In 2005, Global Signal announced a deal to lease 6,600 towers from Sprint PCS. This deal provided that Global Signal would take over the management of the tower (inclusive of the right to sublease to other wireless carriers) and Sprint would lease space for its equipment.
In October 2006, Global Signal announced that they were being acquired by Crown Castle International (CCI). Between the Global Signal, Sprint, and Crown Castle towers, there are now over 23,000 towers in the Crown Castle portfolio. What does this mean to you?
Since the acquisition of these cell towers, Global Signal has begun contacting the landowners who have leased the land under the tower to sell their lease for a lump sum. Typically, this involves a lump sum purchase price for the lease in exchange for the landowner deeding an easement for 37 years to Global Signal for operation of the tower.
Since the Sprint transaction occurred, we have assisted many landowners with evaluating the offers from Global Signal. Steel in the Air can evaluate the offer they have made for a cell tower lease buyout. We can help you understand why Global is interested in buying the leases and why you might have received multiple offers from multiple companies.
Furthermore, we can provide comparable data from other cell tower lease buyout offers that our other clients have received as well as suggest whether the current offer you have is a good one. Given the longevity of the easement, we believe you would be wise in getting the facts before you sell -- not after.
Global Signal represents that technological advancement will render the lease worthless. See their rhetoric by clicking on the following example of Global Signal's Cell Tower Lease Buyout pitch. Why would they buy it if there was a risk that the lease would not be there? We have answered that question for many other clients and can answer it for you (the answer might surprise you).
Before selling, you need to understand how the sale will impact you. Did you know that there might be additional but unforeseen revenue that you might be agreeing to forego if you sell? You also need to understand whether you are getting the best offer you can get which is where we come in. We know what they will pay, and we can make sure you get the top dollar. With their acquisition by Crown Castle, Global Signal is in a unique position, and now may be the time to capitalize on their need to buy.
We can evaluate the offer for you, make suggestions on whether you can get a better offer (from Global Signal or other companies), help you determine the longevity of your lease so that you can figure the true present value, and provide advice on how best to negotiate the agreement as well as look out for pitfalls. This consultation typically takes 2 hours. Please contact us for a free quote on the cost of our services. We can also share with you how your lease compares to other Global Signal leases and other cell tower leases in general.