Increasing Demand For Cell Phone Tower Leases
Telecommunication companies cannot provide their wireless communications services to customers without installing the right number of telecom towers. The signal from such a tower reaches only up to a certain distance. After that limit, signal from another tower must be made available or communication cannot be established. More cell towers are needed in densely populated areas because of high demand for bandwidth in such locations. Good quality communication services can be ensured only when large numbers of cell phone towers are installed across cities, towns and rural areas.
Cell phone tower leases present a good earning opportunity for property owners. The rental fee is determined according to the location of the property, network demand in the area, and some other factors. Due to increasing demand for more bandwidth, telecom companies have to install more telecom towers now. This opens up good rental opportunity for property owners who are ready to lease their property for a cell phone tower.