Lately the markets have been quite interesting. Typically positive consumer confidence and job reports ascend the stock markets higher. It appears that these positive reports, as asinine as it sounds, sent the stocks diving lower. Good job reports and consumer confidence (and other factors) provides the federal reserve the necessary data to increase interest rates.

Initially the interest rates will slowly increase – will this have an impact on the tower industry? As interest rates increase, the cost of money increase. With money costing more, buyers will be less inclined to purchase towers and that ultimately affects tower owners who are looking to sell. Also, with higher interest rates, it’s more expensive to obtain expansion capital.

So, in a nutshell, at this time, it may be a wise decision to set aside cash for any expansion and new builds in order to avoid venture capital, which can be very costly.