SAN JUAN CAPISTRANO, Calif.-Several panelists and moderators speaking at the upcoming Tower Summit and Trade Show, presented by Shorecliff Communications, said the overall outlook for the tower industry looks positive.
Kip Rupp, senior vice president for Wachovia Securities, said the tower industry has been meeting and/or beating Wall Street estimates for the first two quarters this year.
“The tower sector is somewhat of an island, holding up in the midst of the telecommunications turmoil,” Rupp said. “We’re not out of the woods yet, but typically the first six months of the year is the slowest for carrier activity. We have made it through that, and I expect the carriers will be catching up on spending and deployment for the next six months of this year.”
John Bensche, managing director for Lehman Bros., and another speaker at the show, said there is no slow down in carrier spending.
“The money is still being spent to grow the networks. The industry has gone from acquisition mode to execution mode,” said Bensche.
Among various industry leaders and insiders, analysts from Raymond James & Associates, Morgan Stanley Dean Witter, Credit Suisse First Boston, Legg Mason, Goldman Sachs & Co., Bear Stearns & Co., Merrill Lynch & Co. and Deutsche Banc Alex Brown also will present at the show, which takes place Oct. 29-30 at the Paris and Bally’s Hotel and Casino in Las Vegas.
RCR Wireless News is a co-sponsor of the event.
