The majority of effective broadband rural last mile is terrestrial wireless and that means communications towers are really important. The tower “real estate” industry is complicated – follow the link to see TowerXchange’s Value Chain illustration. What is this emerging real estate industry? Instead of people as tenants, the tenants are radios. The top 3 tower companies listed on the New York Stock Exchange collectively own, lease, manage 95,000 towers and are worth $69 Billion. One of these top 3 companies, SBA, has moved into Canada.