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#TBT: Nextel tower sale to SpectraSite sets mark; CTIA, PCIA bicker over competition … this week in 1999

Nextel deal to sell its tower portfolio to SpectraSite for $560M set a sales mark, while industry trade groups CTIA and PCIA fight over competition level … 18 years ago this week. Editor’s Note: RCR Wireless News goes all in for “Throwback...

Time Trippin’: Nextel sets standard on mobile Internet, tower sales … 15 years ago this week

Editor’s Note: The RCR Wireless News Time Machine is a way to take advantage of our extensive history in covering the wireless space to fire up the DeLorean and take a trip back in time to re-visit some of the more interesting headlines from...

Time Trippin’: Contactless payment options reach consumers; Leap emerges from bankruptcy … 8 years ago this week

Contactless payment options reach consumers through sports venues, McDonald’s Radio Frequency Identification (RFID) technology is being used to enable contactless payment solutions

Time Trippin’: Palm, Windows CE and Symbian slug it out for OS dominance … 11 years ago this week

In the short lifespan of the still nascent wireless Internet, the owners of the operating systems have already learned that best is not always enough. Palm, Windows CE and Symbian are the three OSs trying to slug it out with marketing strategies,

RCR Wireless News Time Machine: Nine years ago this week

Editor’s Note: The RCR Wireless News Time Machine is a way to take advantage of our extensive history in covering the wireless space to fire up the DeLorean and take a trip back in time to re-visit some of the more interesting headlines from...

DAS networks gain traction among carriers

Distributed antenna systems are gaining traction as an alternative way for service providers to fill in coverage or add more capacity to the wireless network when macro cellsites are not an option, as well as a way for smaller carriers trying to get to...

Tower sector improves, more buyouts expected

Following several years of lean results, tower companies appear to be righting their ships thanks to network expansions and new technology investments. Indeed, Mark DeRussy, analyst with Raymond James Equity Research, said the tower sector remains solid as carriers continue to focus on network...

American Tower up on solid 1Q news

BOSTON—American Tower Corp. narrowed its financial losses, reporting first-quarter net losses of $2.6 million from revenue of $320.4 million compared to the year-ago loss of $31.6 million based on revenue of $184.4 million. "American Tower made significant progress over the past quarter," stated Jim...

Wall Street cool to American Tower’s 4Q losses

BOSTON-Citing accounting changes and an increase in outstanding shares, American Tower Corp. posted a fourth-quarter net loss of $87.3 million on revenues of $307.6 million. For the same period in 2004, the nation's largest tower owner and operator reported a loss of $74 million...

Wall Street cool to American Tower’s 4Q losses

BOSTON—Citing accounting changes and an increase in outstanding shares, American Tower Corp. posted a fourth-quarter net loss of $87.3 million on revenues of $307.6 million. For the same period in 2004, the nation’s largest tower owner and operator reported a loss of $74 million...

Tower activity up with new funding and new player

Investors gave tower companies a thumbs up last week as plans for augmenting or expanding their facilities were greeted with a slew of new financing options. SBA Communications Corp., the nation's fifth-largest tower company, said it obtained a new $160 million credit facility. SBA...

Top Stories of 2005

Editor's note: At the end of each year, the RCR Wireless News editorial staff looks back on the news events that made headlines and decides which were the most significant, industry-impacting stories during the past 12 months. While our list does not include the...

Top Stories of 2005

Editor's note: At the end of each year, the RCR Wireless News editorial staff looks back on the news events that made headlines and decides which were the most significant, industry-impacting stories during the past 12 months. While our list does not include the...

Global Signal’s income dives on tower integration, American Tower financials on upswing

Global Signal Inc., the nation's third-largest tower company with around 11,000 towers, reported a third-quarter net loss of $15.4 million, or 23 cents per share. The numbers are a steep decline from the company's year-ago net income of $5.3 million, or 10 cents per...

American Tower rises on SpectraSite merger

BOSTON-American Tower Corp., the nation's largest tower company, posted an operating profit of $176.7 million in its rental and management segment, up 49 percent from a year ago. The company reported revenues of $264.7 million for the third quarter, up 46 percent from the...

Weekly wireless ratings wrap-up

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.

American Tower closes SpectraSite merger

BOSTON-American Tower Corp. completed its merger with SpectraSite Inc., creating a combined company with more than 21,500 wireless towers, more than 400 broadcast towers and nearly 100 in-building sites. Stockholders of both companies approved the merger in separate meetings Aug. 3. The merger deal...

Weekly wireless ratings wrap-up

Following is information on wireless companies that had ratings changes and other news from investment banking and financial services firms this week.Moody's Investors Service Inc. upgraded the long-term senior unsecured debt ratings of Sprint Corp. and Sprint Capital Corp. as well as the ratings...

American Tower closes SpectraSite merger

American Tower Corp. completed its merger with SpectraSite Inc., creating a combined company with more than 21,500 wireless towers, more than 400 broadcast towers and nearly 100 in-building sites. Stockholders of both companies approved the merger in separate meetings Aug. 3. The merger deal...

Tower firms post losses amid higher revenues

As tower companies' second-quarter earnings begin to roll in, three firms posted net losses last week, but industry analysts said the companies are on the right track and most rate the stocks as strong buys. In addition, a merger proposal between two tower firms...

Weekly wireless ratings wrap-up

Following are changes in wireless company ratings reported by financial services and investment banking firms this week.Standard & Poor's Ratings Services said Sprint Corp. and Nextel Communications Inc. remain on CreditWatch with positive implications based on operating and financial improvement.  Raymond James downgraded Crown...

American Tower, SpectraSite shareholders approve merger

BOSTON-American Tower Corp. and SpectraSite Inc. announced Wednesday that their respective stockholders have approved the transaction for the companies to merge. The companies expect the merger to close on or about Aug. 8.In the deal, the two companies agreed to a stock-for-stock exchange, whereby...

SpectraSite, American Tower report losses ahead of merger

NEW YORK-Two of the nation's largest tower operators posted second-quarter losses despite increasing revenues as they continued to move toward a pending merger. SpectraSite Inc. reported a net loss of $1.4 million, or 3 cents per share, during the quarter, compared with a net...

Weekly wireless ratings roundup

Kristen BeckmanFollowing are ratings changes and other financial information for wireless companies announced this week by investment banking and financial firms.CIBC raised its estimates on Powerwave Technologies Inc. following the company's strong second-quarter report. CIBC said it expects revenues and earnings per share for...

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