WASHINGTON-A powerful lawmaker called for wireless carriers to get universal-service subsidies for deploying towers in rural America."We should let cell-phone companies get additional price support to expand cell-phone towers into rural America," said Sen. Ted Stevens (R-Alaska), chairman of the Senate Appropriations Committee.Stevens' suggestion...
WASHINGTON-The Federal Communications Commission and the National Imagery and Mapping Agency plan to create a tower location database though a memorandum of understanding that requires them to exchange unclassified database information on tower locations on a quarterly basis. The FCC will provide information from...
BOSTON-American Tower Corp. reported strong third-quarter results, including increased revenues and earnings before interest, taxes, depreciation and amortization and decreased net losses.Total operating revenues were $186.9 million, up from $174.9 million in the third quarter of 2002, and net loss was $52.9 million, or...
Crown Castle International Corp. reported a slight year-over-year increase in total revenues during the third quarter from $227.4 million last year to $235.6 million in total revenues during the third quarter of 2003. The increase included a dramatic drop in network service revenue from...
LAS VEGAS-From a crowded show floor at this week's Tower Summit & Trade Show, Shorecliff Communications L.L.C. presented its annual Excellence in Business Awards.Sprint Sites USA was awarded the most creative site concealment design for a site resembling a weather vane in the Research...
WASHINGTON-The Occupational Safety and Health Administration and local authorities are investigating the death of a man who died after falling from a cell-phone tower being built by a Massachusetts contractor for Sprint PCS. Eastern Communications Inc., the firm where the man was employed, is...
BOSTON-American Tower Corp. has completed its cash tender offer for its 2.25-percent convertible notes due 2009.The company said that more than $104 million in aggregate principal amount at maturity of notes was surrendered for repurchase. The repurchase price for the notes was $802.93 per...
WASHINGTON-PCIA, which re-invented itself from a carrier organization to a tower organization and held its first tower-specific trade show earlier this month, said Oct. 13 it had hired a new lobbyist and it tried to quell rumors-started at the show-that its chief executive officer...
NEW YORK-Analysts including Raymond James & Associates Inc. and Bear Stearns and Co. Inc. have re-initiated coverage of SpectraSite Inc. following the company's re-listing on the New York Stock Exchange earlier this month.Raymond James gave the stock a "strong buy" rating and a $41.50...
Before it becomes a rehash of PCIA vs. CTIA, PCIA and Shorecliff Communications need to merge their tower shows into one event. It's the best thing for the industry, and both groups have a vested interest in seeing the tower sector succeed. PCIA's conference...
WASHINGTON-The Federal Communications Commission said late Friday it is giving rural wireless carriers a chance to make their case why they can't abide by the enhanced 911 rules."Tier III (less than 500,000 subscribers) carriers seeking further extensions or other relief from certain E911 requirements...
BOSTON-American Tower Corp. announced Jim Taiclet, formerly president and chief operating officer, will take over the roll of chief executive officer, replacing Steve Dodge who will continue as chairman of the company's board of directors.Taiclet joined American Tower in September 2001 with previous executive...
WASHINGTON-The Bush administration last week said it opposed new grant money for the deployment of wireless enhanced 911."The administration believes Congress should consider more efficient and more cost-effective means to address this issue, rather than establishing a new grant program," reads a letter from...
BOCA RATON, Fla.-SBA Communications Corp. said it will restate some financial statements from 2001, 2002 and 2003 to reflect this year's sale of towers to AAT Communications Corp. and other towers held for sale.The re-audit showed the company overstated its 2002 net loss by...
NEW YORK-Telecommunications site consulting and management company HighPointe Group L.L.C. has acquired the assets of Crown Castle International Corp.'s Site Spectrum Management Corp. rooftop management subsidiary. The value of the deal was not disclosed.The acquisition indicates tower owners like Crown are continuing to narrow...
HOLLYWOOD, Fla.-Wireless carriers are going to have to fortify their networks to become increasingly reliable as more people cut the cord. Does that sound like good news for tower companies, which have been victims of carriers' tightly closed purse strings during the past year?Not...
HOLLYWOOD, Fla.-Wireless carriers are going to have to fortify their networks to become increasingly reliable as more people cut the cord. Does that sound like good news for tower companies, which have been victims of carriers' tightly closed purse strings during the past year?Not...
BOCA RATON, Fla.-SBA Communications Corp. said it will restate some financial statements from 2001, 2002 and 2003 to reflect this year's sale of towers to AAT Communications Corp. and other towers held for sale.The re-audit showed the company overstated its 2002 net loss by...
NEW YORK-Telecommunications site consulting and management company HighPointe Group L.L.C. has acquired the assets of Site Spectrum Management Corp. from a subsidiary of Crown Castle International Corp., increasing the number of rooftop sites HighPointe manages to more than 3,000. The value of the acquisition...
WASHINGTON-The House telecommunications subcommittee passed the E911 Implementation Act of 2003, changing the rural provisions and making it possible for public-safety answering points to go forward with Phase II wireless E911 implementation even if a state has used 911 funds collected from consumers for...
BRASILIA, Brazil-Brazil's lower house social and family safety commission has approved a bill to create rules for the installation of wireless communications towers.The bill calls for wireless operators to share towers in urban areas, construct them 30 meters high and 500 meters apart, and...
BRASILIA, Brazil-Brazil's lower house social and family safety commission has approved a bill to create rules for the installation of wireless communications towers.The bill calls for wireless operators to share towers in urban areas, construct them 30 meters high and 500 meters apart, and...
WASHINGTON-The House telecommunications subcommittee Tuesday passed the E911 Implementation Act of 2003 changing the rural provisions and making it possible for public-safety answering points to go forward with Phase II wireless enhanced 911 implementation even if a state has used 911 funds collected from...
NEW YORK-Bear Stearns & Co. Inc. has raised its wireless tower sector rating to "market overweight," reflecting its confidence in the industry's ability to continue financial deleveraging. The analyst firm specifically raised its rating on Crown Castle International Inc. to "outperform" and its year-end...
