NEW ORLEANS-Leap Wireless International Inc. continued its rapid evolution last week, signing a pair of deals with Verizon Wireless that will allow Leap to add nationwide roaming capabilities to its Cricket wireless offering and provide Verizon Wireless with another infusion of wireless spectrum. Leap...
Tower company SpectraSite Inc. said it lost $1.8 million in the fourth quarter, as part of its results for the period and full year. The company also revised its 2005 outlook. In 2004, the company said it achieved record revenues and net cash provided...
Global Signal Inc. said it recorded a fourth-quarter income of $4.1 million, amounting to a 34.4-percent leap over the same period in 2003 when it had a net income of $3.1 million.These figures give its shareholders 8 cents per share for the quarter compared...
NEW ORLEANS-In the interest of advancing mobile television services, Qualcomm Inc. said it will work with leading companies to create a multi-party organization committed to advancing the global standardization of FLO technology, the air interface specification for the forward link only technology.FLO is designed...
CARY, N.C.-Tower company SpectraSite Inc. reported results for the fourth quarter and full year ended Dec. 31, 2004, and updated its 2005 outlook. In 2004, the company said it achieved record revenues and net cash provided by operating activities of $355.1 million and $141.1...
Both Leap Wireless International Inc. and Dobson Communications Corp. in unrelated deals said that with the help of Daniels & Associates, they are selling and then leasing back towers. Leap is selling 142 towers to Mountain Union Telecom L.L.C. for $18 million. It will...
WASHINGTON-A federal appeals court last week said that a federal court needs to review a decision by the City of San Francisco to deny MetroPCS's tower application.It was the first time that the U.S. Court of Appeals for the 9th Circuit had waded into...
WASHINGTON-Broadband over Power Lines is a reality but it won't be much better than current high-speed offerings, according to speakers at a recent panel discussing the technology. "BPL is moving beyond the theoretical stage," said Joseph Fergus, president and chief executive officer of Communications...
BOCA RATON, Fla.-Tower operator SBA Communications Corp. announced a fourth-quarter net loss of $41.8 million, or 66 cents per share, compared with a net loss of $52.8 million or 98 cents per share in the same period last year.The company, which has adjusted its...
NEW YORK-Once again, the tower operators are postponing their earnings releases for the fourth quarter. The major players, American Tower Corp., Crown Castle International and Global Signal Inc., said they are still reviewing their accounts.Others like SBA Communications and SpectraSite have not released their...
BOSTON-American Tower Corp. said it will postpone its 2004 earnings release for the second time to enable it to complete the year-end audit of the company.The company had earlier delayed the results release until today.The tower operator said it anticipates a loss of between...
American Tower Corp. said it will restate its previously issued financial statements for periods ending on or prior to Sept. 30 last year. It will affect the three-year period ended Dec. 31, 2003, and the first three fiscal quarters of 2004. The review comes...
HOUSTON-Crown Castle International said it experienced better-than-expected lease activity for 2004 with more than a 40-percent increase in site-leasing activity compared with 2003.The company has put off its earnings release and conference call for March 9 and March 10 respectively. The postponement was triggered...
WASHINGTON-North Carolina authorities confirmed they are investigating the death of a man who fell at least 100 feet from a cell-phone tower owned by Alltel Corp. and managed by American Tower Corp.An American Tower official said the company is conducting its own probe of...
SARASOTA, Fla.-Global Signal Inc. said it will review its financial statements owing to changes in accounting rules about ground leases instituted by the Securities and Exchange Commission.The tower operator said it will affect the two months ended December31, 2002, the fiscal year ended December...
BOSTON-American Tower Corp. said it will restate its previously issued financial statements for periods ending on or prior to Sept. 30 last year.It will affect the three-year period ended December31, 2003, and the first three fiscal quarters of 2004."The company will restate financial statements...
WASHINGTON-Broadband over Power Lines is a reality but it won't be much better than current high-speed offerings, experts told reporters Thursday. "BPL is moving beyond the theoretical stage," said Joseph Fergus, president and chief executive officer of Communications Technologies Inc. (ComTek), which owns and...
WASHINGTON-Former wireless policy-maker Michael T.N. Fitch has been named president of PCIA, a trade group that represents tower companies. Fitch, who succeeds long-time PCIA head Jay Kitchen, will officially take over at the association March 1.An internationally recognized expert on radio and satellite telecommunications,...
At long last, the tower deal causing months of speculation is etched on the record books. Global Signal Inc. has won the exclusive rights to lease or operate more than 6,600 towers from Sprint PCS for 32 years, sending Global's share price up 7.2...
SARASOTA, Fla.-Like other major tower operators, Global Signal Inc. said it plans to release its fourth-quarter and year-end 2004 financial results March 10. The decision followed a letter from the Securities and Exchange Commission calling for a change in lease accounting. It will affect...
SAROSTA, Fla.-Like other major tower operators, Global Signal Inc. said it plans to release its fourth-quarter and year-end 2004 financial results March 10. The decision followed a letter from the Securities and Exchange Commission calling for a change in lease accounting. It will affect...
The top two tower operators, Crown Castle International and American Tower Corp., plan to make non-cash adjustments to their financial statements in light of a Feb. 7 Securities and Exchange Commission letter. The two operators plan to release their quarterly results March 9.Crown Castle...
Building the network for a single-service protocol provided its own challenges. GSM, despite its worldwide acceptance, had to work out a profitable model. That compelled carriers to determine what kind of base stations to deploy, how many towers to install and where to locate...
Two U.S. wireless carriers made changes to previously announced exchange offers, with one company suspending its offer.Regional wireless operator Dobson Communications Corp. said it has filed a "pre-effective" amendment to its registration statement with the U.S. Securities and Exchange Commission reflecting changes to the...
