Global Signal Inc. said it will purchase all of the equity of GoldenState Towers L.L.C. for up to $63.1 million, in a transaction excepted to close in the fourth quarter. GoldenState is a portfolio company of VS&A Communications Partners III L.P., a private equity...
CARY, N.C.-TowerCo Inc. announced it has begun operations at its Cary, N.C., headquarters and a southeast region office in Richmond, Va., on a commitment of up to $50 million in equity financing from Tailwind Capital Partners L.L.C."Our plan is to quickly build a reputation...
WASHINGTON-Western Wireless Corp., which does business as Cellular One, said Wednesday it has received eligible telecommunications carrier status for eight additional areas in South Dakota.ETC designation is necessary to receive universal-service subsidies."South Dakota consumers will see a huge benefit from Cellular One's investment in...
BOSTON-American Tower Corp. will sell $300 million principal amount of its 7.125-percent senior notes due October 15, 2012, through an institutional private placement, as previously announced.American Tower said net proceeds, expected to be approximately $292.8 million, will be used to repurchase or redeem a...
BOSTON-American Tower Corp. announced it is seeking to raise $250 million through a private placement of senior notes.The company plans to use all net proceeds to redeem a portion of its 9.375-percent senior notes due 2009.Analysts from Raymond James & Associates Inc. said the...
Clear Channel Communications Inc. announced Nextel Communications Inc. has signed a five-year master lease agreement with four five-year renewal options that allows Nextel to collocate wireless equipment on Clear Channel's 1,300 wireless tower sites and allows Clear Channel to collocate radio equipment on Nextel's...
LITTLE ROCK, Ark.-Alltel announced it will lease space on more than 1,000 of its wireless communications towers, located nationwide, to other wireless carriers.Marketing efforts to lease space on the towers will be led by Faulk & Foster Real Estate of Monroe, La., and KGI...
ST. LOUIS-AAT Communications Corp. and Bechtel Telecommunications have signed a national two-year contract under which they will partner to offer wireless carriers a one-stop solution for tower siting and network expansion projects.According to the partnership, Bechtel becomes AAT's preferred contractor for new tower deployments,...
Jay Kitchen, president and chief executive officer of PCIA, plans to retire from the industry trade group he has led for 10 years.Kitchen expects to stay with the group for a year to head up a transition team that will name his successor. "We...
Sprint affiliate iPCS Inc.'s operating facility iPCS Wireless will sell 92 wireless communications towers to TCP Communications L.L.C. for proceeds of $16.5 million. The towers, mainly located in Michigan, Illinois, Iowa and Nebraska, average $180,000 per tower. The sale is expected to close by...
ST. LOUIS-AAT Communications Corp. and Bechtel Telecommunications have signed a national two-year contract under which they will partner to offer wireless carriers a one-stop solution for tower siting and network expansion projects.According to the partnership, Bechtel becomes AAT's preferred contractor for new tower deployments,...
SCHAUMBURG, Ill.-Sprint affiliate iPCS Inc.'s operating facility iPCS Wireless will sell 92 wireless communications towers to TCP Communications L.L.C. for proceeds of $16.5 million.The towers, mainly located in Michigan, Illinois, Iowa and Nebraska, average $180,000 per tower. The sale is expected to close by...
Jay Kitchen, president and chief executive officer of PCIA, will retire, according to a release issued today by the wireless tower industry trade organization.Kitchen will stay with the group for a year to head up a transition team that will eventually name his successor....
German wireless operator E-Plus has developed and applied for a patent for a new system to expand its UMTS network called Ultra High Sites, which the carrier said would reduce its third-generation buildout costs.The innovation will save E-Plus about $72.3 million in capital expenditure...
As expected, Crown Castle International Corp. completed the sale of its U.K. subsidiary, including 3,600 tower sites, to British utility company National Grid Transco plc for $2.035 billion in cash. Upon completion, Crown used $1.3 billion of the proceeds from the transaction to fully...
Nortel Networks Ltd. said it will supply its converged multiple network offering to rural carrier Western Wireless Corp. Nortel said it will supply Passport 15000 Multiservice Switches to bring the carrier's CDMA, GSM/GPRS and TDMA/AMPS networks onto one transport network. "This new converged network...
THE HAUG, The Netherlands-German wireless operator E-Plus has developed and applied for a patent for a new system to expand its UMTS network called Ultra High Sites, which the carrier said would reduce its third-generation buildout costs.The innovation will save E-Plus about $72.3 million...
As expected, Crown Castle International Corp. today completed the sale of its U.K. subsidiary, including 3,600 tower sites, to British utility company National Grid Transco plc for $2.035 billion in cash. Upon completion, Crown used $1.3 billion of the proceeds from the transaction to...
WASHINGTON-Mobile-phone firms are again confronting a health issue that industry lawyers have successfully beaten back in court to date.The controversy over whether radiation-emitting wireless handsets and base stations pose health risks to consumers has been relatively quiet during the past two years since a...
WASHINGTON-The International Association of Firefighters has called for a moratorium on new cell towers on fire stations until health effects can be studied, according to a Vermont-based advocacy group.The EMR Policy Institute said the IAFF, the nation's top firefighters union and an affiliate of...
BOSTON-American Tower Corp. has closed its previously announced sale of 3-percent convertible notes due 2012. The sale will result in net proceeds of approximately $335.9 million, which the company plans to use to refinance a portion of its outstanding 9.375-percent senior notes due 2009.American...
SpectraSite Inc. said it has purchased 191 wireless communications towers from affiliates of SBC Communications for $50 million in the final closing in its commitment to acquire SBC's leasehold and sub-leasehold interests.In all, SpectraSite purchased 319 SBC towers for $84 million."We are pleased that...
BOSTON-American Tower Corp. said it will sell $300 million in aggregate principal amount of its 3-percent convertible notes due Aug. 15, 2012, through an institutional private placement. The initial purchaser also has a 30-day option to purchase up to an additional $45 million aggregate...
In releasing its second-quarter financial results, American Tower Corp., the largest U.S. wireless tower company, maintained good favor with analysts who indicated its overall efforts to reduce its risk profile by streamlining debt and being selective about adding assets to its portfolio will add...
