Tower execs say US 5G buildout is slower but not over
Crown Castle reported on their 5G buildout and their lowering of the 2023 outlook at the end of Q2 due to a tower leasing activity slowdown in the first part of the year. Jay Brown was quoted, discussing that, unlike in previous upgrade cycles, all three big US operators started deploying 5G simultaneously, which is why last year’s tower leasing activity was so much larger than normal. He said Crown is now experiencing “normalized” growth with the expectation of a 5% increase in tower leasing this year.