SARASOTA, Fla.—Global Signal Inc. blamed its fourth-quarter net loss of $18.8 million on costs it incurred while integrating and financing the tower sites it acquired from Sprint in May. In 2004, the company posted fourth-quarter net losses of $4.1 million.
“2005 was a transformational year for Global Signal,” stated Wesley Edens, chairman, president and chief executive of Global Signal. “We have grown from a small regional tower company to the third-largest tower company with a national footprint.”
For the year, Global Signal reported net losses of $39.7 million, down from 2004’s net income of $6.9 million. The company owns about 11,000 towers in the United States.
