Small cells cool off while midband 5G buildouts begin
While Verizon and other cell service providers are gearing up to use their new midband spectrum licenses, they will have to use thousands of small cells across the country in order to upgrade existing 5G connections, including Crown Castle’s. Crown Castle predicts it will need to activate around 10,000 new and commercially available small cells per year.Crown Castle CEO Jay Brown stated, “"As we look out over a longer period of time, I think that the demand for small cells is going to be well in excess of what we have seen thus far. So I think our view would be, over a longer period of time, that activity will increase beyond those levels. But in the near-term, I think that is a pretty good gauge."