N.Y. To Sell Wireless Cos. Lamppost Space
Further proof New York's real estate market is inflated: The city plans to sell space on top of lampposts to wireless phone companies for $21.6 million a year.
Source: Associated Press/Tampa Bay OnlineThe equipment would be attached to 18,000 of the city's 200,000 lampposts. T-Mobile USA Inc., Nextel Partners Inc., IDT Corp. and three other wireless carriers want the equipment to increase their networks' capacity. "Manhattan has 100 percent coverage, but if you're driving along the West Side Highway at peak hours, you might not be able to get on the phone," thanks to network congestion, said Gino Menchini, the city's commissioner for information technology.
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