A cell tower lease is more feasible than an outright purchase of land. Since they need to put up many towers, buying properties will cost them a fortune. On the other hand, leasing will only cost a small fraction of that amount.
They will also be able to mobilize with construction and installation much faster. They only need the owner’s agreement and a few government permits. Speed is essential if they wish to compete with other networks with rapidly expanding footprint.
With a tower lease, they can adapt to the changing technologies and customer demands with greater agility. They can easily switch to another location if a more strategic area is secured. They can deploy more towers as necessary.
Cell tower companies and current property owners should negotiate a fair deal so that both can be happy with their arrangement.
