BROWSING: SpectraSite

CARY, N.C.-SpectraSite Inc. released solid second-quarter 2003 results, reflecting improved revenues and decreased losses.The company said total revenues were $80.9 million, up from $73.2 million recorded in the second quarter of 2002. Site leasing revenues were up 15.8 percent from last year to $77.5...

Second-quarter results from public tower companies reflect improved financial stability and greater optimism that cell-site additions will ramp up in the coming months. Crown Castle International Corp. released its second-quarter financials late last week. The company reported revenue of $224.2 million, down slightly from...

Nextel Communications Inc. surpassed even the most bullish expectations, posting a quarterly record 591,000 net customer additions during the second quarter, compared with 469,000 net customer additions during the second quarter of 2002, and ending the first half of the year with 11.7 million...

Nextel Communications Inc. reported a strong quarter of subscriber additions and rising revenues, but the news didn't help spur a market depressed by unimpressive reports from industry heavyweights like Nokia Corp. and Motorola Inc.Nextel announced second-quarter revenue of $2.6 billion, up 19 percent over...

Highlighting its major stake in the in-building arena, SpectraSite Inc. is making an unusual move for a tower company, directly marketing its infrastructure to the consumer.The company's "Talk On" marketing campaign will alert wireless users in certain shopping malls and casinos that they have...

Wireless tower industry stocks soared last week, with major players' shares rising above previous 52-week highs. American Tower Corp. was trading at $9.25 per share, Crown Castle International Corp. hit $7.94, SBA Communications Corp. was at $3.10 and SpectraSite Inc. was at $49.40 per...

Wireless infrastructure association PCIA is gearing up for its first industry trade show since it narrowed its focus to the tower sector last fall, but tight travel budgets will not be the only factor threatening the show's success. PCIA's Wireless Infrastructure Conference & Expo,...

Wireless tower industry stocks soared this week, with major players' shares rising above previous 52-week highs. American Tower Corp. was trading at $9.25 per share, Crown Castle International Corp. hit $7.94, SBA Communications Corp. was at $3.10 and SpectraSite Inc. was at $49.40 per...

CARY, N.C.-SpectraSite Communications Inc. has hired Daniel Wojciechowski as vice president of network operations to lead the design, deployment and network optimization of the company's in-building distributed antenna installations, underscoring SpectraSite's focus on in-building networks."Dan is a critical addition to the SpectraSite team, as...

As the wireless industry comes of age, upgrades are necessary to keep existing, legacy infrastructure in working order and compatible with emerging wireless communications technologies. Those upgrades and enhancements start with the very foundation of wireless communication, wireless tower sites.Physical tower upgrades occur mainly...

CARY, N.C.-SpectraSite Inc. late last week reported first quarter 2003 results reflecting increased site leasing revenues and net income.Revenues were $81.4 million, up from $72.4 million for the first quarter of last year. Site leasing revenues were up 16.1 percent to $76.6 million, while...

NEW YORK-Standard & Poor's Ratings Services has assigned a B corporate credit rating to SpectraSite Inc. and has raised the rating on SpectraSite Communications Inc.'s secured bank loan to B+ from CC. S&P said the company's outlook is stable."The B corporate credit rating reflects...

BOSTON-Shares of American Tower Corp. hit a new 52-week high on Thursday, trading at $6.15 by mid-day. The company's stock is up 72 percent since the end of 2002. Other tower company stocks are also up for the year, with Crown Castle International Corp....

CARY, N.C.-SpectraSite Inc. late last week quietly reported its fourth quarter and year-end 2002 results.Total revenues for the fourth quarter were $81.7 million, up from the previous year's $72.2 million, with site leasing revenues up 17 percent to $74.9 million. Net loss for the...

BOCA RATON, Fla.-With its stock still floating above $1 following last week's announcement of its pending tower sale, SBA Communications Corp. has reported its fourth-quarter and year-end 2003 results. For the fourth quarter, SBA's total revenue decreased 7.3 percent to $64.1 million from the...

NEW YORK-The U.S. wireless tower industry is at least 18 to 24 months away from recovery, according to a recent report from Standard & Poor's Rating Services.In its report, S&P cites financial challenges faced in 2002 by the five publicly traded U.S. tower companies,...

CARY, N.C.-SpectraSite Communications Inc., the operating arm of bankrupt SpectraSite Holdings Inc., said its WesTower Corp. subsidiary has completed the previously announced sale of SpectraSite's wireless network services division.The assets were sold to WesTower L.L.C., an investment vehicle owned by members of the service...

CARY, N.C.-SpectraSite Communications Inc., operating subsidiary of bankrupt SpectraSite Holding Inc., said it will sell its wireless network services division to its subsidiary WesTower Corp.SpectraSite acquired the network services division in 1999 to complement its build-to-suit contracts, and is now selling it to focus...

NEW YORK-American Tower Corp.'s stock has been upgraded to "Strong Buy" by Raymond James & Associates Inc. in anticipation of several financial actions expected to occur by early 2003.American Tower is expected to announce structural separation of its Verestar satellite division before year-end, which...

CARY, N.C.-Following its Chapter 11 bankruptcy filing earlier this month, SpectraSite Holdings Inc. has been notified it will be delisted from the Nasdaq Small Cap Market, effective Nov. 26, 2002.SpectraSite said it will not appeal the delisting because there is no assurance the stock...

CARY, N.C.-SpectraSite Holdings Inc. filed Chapter 11-bankruptcy protection today in accordance with the plan it released Nov. 6.In doing so, SpectraSite amended agreements with carrier Cingular Wireless L.L.C. and one of its parents, SBC. The amendments provide that upon emergence from Chapter 11, SpectraSite...

NEW YORK-Following SpectraSite Holdings Inc.'s announcement it will file for Chapter 11 bankruptcy protection, Standard & Poor's Rating Services lowered the companies ratings on its senior unsecured debt issues to D from C and removed it from CreditWatch with negative implications. The ratings will...

CARY, N.C.-Tower owner SpectraSite Holdings Inc. said it will file for Chapter 11 bankruptcy protection, a move it said 66 percent of holders of its senior notes support.As SpectraSite indicated in previous financial disclosures, SpectraSite Communications Inc., the subsidiary that operates the company's towers...

BOSTON-The four publicly traded tower companies received a much-needed boost from Wall Street this week, following tolerable carrier earnings and some financial announcements of their own.Third-quarter earnings announcements from AT&T Wireless Services Inc. and Nextel Communications Inc., including AT&T's plan to spend $2.3 billion...