This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Scaling Up: Mobilitie Founder Gary Jabara Named Ernst & Young National Entrepreneur Of The Year® 2012 Real Estate, Construction And Lodging Category Award Winner





NEWPORT BEACH, Calif., Nov. 18, 2012 /PRNewswire/ -- Gary Jabara, Founder, President and CEO of Mobilitie, LLC, has been named the Ernst & Young National Entrepreneur Of The Year ® 2012 Real Estate, Construction and Lodging Category Award winner. The Ernst & Young Entrepreneur Of The Year Award is the country's most prestigious business award for entrepreneurs. The award encourages entrepreneurial activity and recognizes leaders and visionaries who demonstrate innovation, financial success and personal commitment as they create and build world-class businesses.

Jabara was recognized for bringing together his deep knowledge of the telecommunications infrastructure business and his vision to fundamentally change the way infrastructure was being developed, operated and financed. He was honored at the Entrepreneur Of The Year gala, the culminating event of the Ernst & Young Strategic Growth Forum ® in Palm Springs, Calif. The Forum is the nation's premier gathering of high-growth, market-leading companies. Awards were given in nine additional categories. All Ernst & Young Entrepreneur Of The Year Award winners were selected by an independent panel of judges from 244 regional award recipients. 

"By combining his vision and desire to do things better with his deep knowledge of the industry, Jabara changed the way the telecommunications business thought about cell towers, creating a new approach that saves money and allows scalability for current and future technologies," said Bryan Pearce, Americas Director, Entrepreneur Of The Year, Ernst & Young LLP.

Gary Jabara: a fresh perspective

After years in a consulting firm's telecommunications infrastructure practice, Jabara decided to strike out on his own. He saw inefficiency in the way infrastructure was being developed, operated and financed, and he knew there was a better way. With an idea to do things better, a desire for both a rewarding career and a more balanced life and the drive to make it all happen, Jabara founded Mobilitie to take a different view of cell towers, or "Towers of Babble" as he calls them. Rather than continue with the industry view that cell towers were simply a means of providing telecommunications service, Jabara realized that cell towers are actually "vertical real estate," much like commercial office buildings, whose usage and performance metrics lend themselves perfectly to a REIT (Real Estate Investment Trust) business model. By adopting a view that tower space constitutes "rental units" that should collect a fixed price, Jabara created a business model that saves owners money by producing economies of scale, increasing and retaining "tenants" and allowing scalability for current and future technologies. In just six years, he has built Mobilitie from an idea into the fastest-growing owner and lessor of wireless telecommunications infrastructure assets in the United States.

Focus on people and relationships

Rather than call himself an entrepreneur, Jabara calls Mobilitie an "entrepreneurial organization," crediting people and relationships as the differentiators that have made Mobilitie a Cinderella success story. He built Mobilitie on two basic principles: Be transparent with clients and treat employees like family. Jabara personally devotes significant time to developing and mentoring people, and he has branded Mobilitie around its people and culture, rather than infrastructure or technology as competitors do. He's also a champion of work-life balance – having embarked on his entrepreneurial adventure after being personally frustrated by a lack of this. Jabara has even been known to reprimand employees for coming to the office on their birthdays, and he understands that commitment to family comes before the business.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs