Change has been afoot in the wireless tower industry. In the past 18 months, two of the industry's five public players have gone through bankruptcy and returned, businesses have been divested and restructured, and stock valuations have fallen and risen like the tides. Meanwhile,...
Four of the five publicly traded wireless communications tower firms reinforced notions that this year would be a better one for the sector in their second-quarter 2004 financial results, released last week.In addition to its improved second-quarter results, SpectraSite Inc. announced the search is...
The launch of converged mobile devices, capable of communicating over both Wi-Fi and cellular technologies, suggests Wi-Fi, long hailed by start-up companies and tech-savvy consumers, may be gaining credibility among the big names in wireless.The launch of such integrated devices could also put investor...
Global Signal Inc. will acquire 235 wireless communications towers from private tower venture Lattice Communications L.L.C. for $115 million.The towers are primarily located in Indiana, Ohio, Alabama, Kansas and Georgia. The towers' tenants include the top six wireless carriers and subsidiaries of Cinergy Corp.,...
Two tower companies, SpectraSite Inc. and Crown Castle International Corp., reported improved quarterly financials.SpectraSite reported improved second-quarter financial results and announced the search is on for a new chief financial officer.The company said revenues reached $87.4 million, up from $77.6 million from the second...
The end of the year came early for AT&T Wireless Services Inc. as the carrier made good on its often-repeated plans to offer high-speed wireless data services before the calendar turned over as it launched what it termed commercial UMTS services in four markets...
Sprint Corp.'s often-rumored plans to sell its significant tower holdings could be getting closer to a reality as the company reported during its second-quarter conference call that it was exploring strategic initiatives for its approximately 6,300 cellular towers. Analysts estimate the towers could be...
Sprint Corp.'s often rumored plans to sell off its significant tower holdings could be getting closer to a reality as the company reported during its second-quarter conference call that it is exploring strategic initiatives for its approximately 6,300 cellular towers that analysts noted could...
ST. LOUIS-AAT Communications Corp. has closed on a new $325 million senior credit facility, which it plans to use to repay debt, increase its cash balance and to fund new acquisitions and tower development.The credit facility includes a $200 million Term Loan B, a...
NTT DoCoMo Inc. announced it is developing the N900iL, a dual-network handset that runs on the third-generation FOMA network and internal corporate wireless local area networks.The solution targets corporate users and will be marketed though DoCoMo's corporate business division and its partners, but not...
BECKLEY, W.V.-Pegasus Tower Co. Ltd. has acquired three wireless communications sites from New York-based A.P. Cell Towers, a division of Apollo Real Estate Advisors.The towers, located in West Virginia's Raleigh and Mercer counties, will provide coverage on the I-77 and I-64 corridors, along U.S....
Wireless gaming publisher Jamdat Mobile Inc. filed a registration statement with the Securities and Exchange Commission for a proposed public offering of common stock. The company, which has agreements to distribute its application in 38 countries through 72 wireless carriers, said it has...
BECKLEY, W.V.-Pegasus Tower Co. Ltd. has acquired three wireless communications sites from New York-based A.P. Cell Towers, a division of Apollo Real Estate Advisors.The towers, located in West Virginia's Raleigh and Mercer Counties, will provide coverage on the I-77 and I-64 corridors, along U.S....
Freud is looking down on us, smiling at how the most powerful, the most-manly city on earth has learned to cope with the stress of war and peace and scandal. Official Washington has never had a problem ripping the throats out of...
STOCKHOLD, Sweden-A handful of wireless operators lodged a joint application with Sweden's National Post and Telecom Agency that calls for altered license terms for third-generation network construction that would allow for lower signal strength and a resulting reduction in the number of 3G-specific towers...
Crown Castle International Corp. last week confirmed it is selling its U.K. business, including 3,600 tower sites, to British utility company National Grid Transco plc for $2.035 billion cash."The price fully values the U.K. business plan," said Ben Moreland, Crown's chief financial officer. "We...
SARASOTA, Fla.-Global Signal Inc. announced it has completed the acquisition of Tower Ventures III L.L.C. for $52 million in cash, plus fees and expenses. The 97 wireless communications towers are concentrated in Tennessee, Mississippi, Missouri and Arkansas. In all, Global Signal has acquired 214...
AeroSolutions L.L.C. has found its niche in the oft-neglected wireless tower infrastructure industry. The company said it is being discovered by bigger players that increasingly rely on its expertise to forge their own successes in the wireless business.Steel tower structures physically deteriorate in the...
A regional wireless industry association could be coming to a neighborhood near you. A movement is afoot in the wireless industry, and the tower sector, hungry to learn the intricacies of the industry from the experts, is leading the charge. Atlanta, home to the...
Wireless tower owner Global Signal Inc., formerly known as Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 per share. Shares of Global Signal, under the symbol GSL, began trading...
Wireless tower owner Global Signal Inc., formerly Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 per share. Shares of Global Signal, under the symbol GSL, began trading today, and...
Rural wireless provider Cellular South said it has added more than 100 cell sites since last September as part of the planned expansion of its CDMA2000 1x-based network, which is an overlay of its legacy TDMA network. The carrier noted that with the recent...
BOSTON-American Tower Corp. announced its operating subsidiaries have refinanced their previous credit facility with a new $1.1 billion senior secured credit facility. The new credit facility consists of a $400 million revolving credit facility, a $300 million term A loan and a $400 million...
Wireless broadband service provider Digitalpath Networks has partnered with national Internet service provider EarthLink Inc. to target customers in the areas surrounding Chico, Sacramento and Redding, Calif.Digitalpath provides wireless Internet service through its own proprietary "relay system," rather than through a traditional wireless tower...
