BOSTON-American Tower Corp. and U.S. Wireless Corp. said they have formed a strategic alliance to accelerate the deployment of a wireless location network that will provide wireless phone users with E911 caller location assistance, as well as other location-based services such as traffic updates and navigation assistance.
U.S. Wireless said it signed a collocation agreement under which it will lease 2,500 American Tower sites for its planned 100-market wireless network deployment. American Tower said it will provide deployment services, including radio-frequency engineering, network design, site acquisition, supply and installation.
Separately, American Tower agreed to invest $22.5 million in U.S. Wireless’ series C convertible preferred stock at a conversion price of $19.03 per share. A member of American Tower’s senior management team also will join the U.S. Wireless board of directors, the companies said.
