Jonathan Kramer on Wireless Tower Siting » Financial

Site Landlords: Does Clearwire or Clear Wireless Want On to Your Site?

Jonathan Kramer — Wed, 02 Sep 2009 06:35:46 +0000

In various markets in California, Clearwire (sometimes Clear Wireless LLC) is seeking tower site landlord authorization to add to an existing site. Sometimes the applications or lease amendments are tendered by Sprint (which owns 51% of the legally-separate Clearwire entity), but I’ve also seen other wireless carriers ask permission to sublease their tower space to Clearwire without offering any financial benefit to the tower site owner. Sometimes the tenant will tell the landlord that some provision of the lease requires the landlord to give permission (seems odd and in conflict doesn’t it… a lease requirement that the landlord must give a permission).

Before you sign on the dotted line, it’s worth pulling our your original lease (and any amendments you’ve signed) to see whether adding Clearwire (or any new proposed site occupant) is permitted or required under the lease, or whether this is an opportunity for you to adjust your site revenue upwards to reflect the new addition, and ‘true-up’ other open items connected with your tower lease.

Be especially careful if your wireless carrier tenant approaches you for permission to sublease to another wireless firm AND asks for a rent reduction at the same time. Talk about galling!

I’ve had site landlords approach me recently who find themselves in one or more of the ugly positions I’ve just listed. If you’d like legal assistance to avoid giving away potential new revenue, and to avoid giving away your current revenue, drop me an electronic note or give me a call.

Jonathan Kramer, Esq.
Kramer Telecom Law Firm, PC
Los Angeles

Bookmark this item:

Sprint Nextel to release 4Q08 Results on 2/19/09

Jonathan Kramer — Fri, 06 Feb 2009 17:50:02 +0000

OVERLAND PARK, Kan., Feb 06, 2009 (BUSINESS WIRE) — Sprint Nextel Corp. (NYSE:S) will release its financial results for the fourth quarter of 2008 on Thursday, Feb. 19. The results will be posted at www.sprint.com/investors at approximately 7 a.m. EST. Sprint Nextel management will host a conference call at 8 a.m. EST to discuss the results.

Sprint Nextel Conference Call Information
Date: Thursday, Feb. 19, 2009
Time: 8 a.m. EST
Call-in Numbers: Toll free: 866-763-0020 (US/Canada) -
ID Required: 83732306

International: 706-902-1194 – ID Required: 83732306

Please plan on gaining access 10 minutes prior to the start of the call.

A simultaneous webcast will be available at www.sprint.com/investors. Please note that questions may only be submitted through the conference call option. Replays of the conference call will be available shortly afterward by calling 800-642-1687, and entering the code: 83732306.

Bookmark this item:

Sprint Nextel Schedules 4Q08 Earnings Announcement

Jonathan Kramer — Tue, 06 Jan 2009 15:13:40 +0000

OVERLAND PARK, Kan.–(BUSINESS WIRE)–Jan. 6, 2009–Sprint Nextel Corp. (NYSE: S) will release its financial results for the fourth quarter of 2008 on Friday, Feb. 27. The results will be posted at www.sprint.com/investors at approximately 7 a.m. EST. Sprint Nextel management will host a conference call at 8 a.m. EST to discuss the results, and details for accessing that conference call and replays will be made available two weeks in advance.

Bookmark this item: