ALBUQUERQUE, N.M.-Specialty Teleconstructors Inc. changed its name to OmniAmerica Inc. and now trades on the Nasdaq Stock Market under a new ticker symbol, XMIT. The company was formed in April through the merger of Specialty Teleconstructors Inc. and OmniAmerica Holdings.
According to the companies, the merger of OmniAmerica and Specialty Teleconstructors created a full-service national transmission tower company, and the OmniAmerica name better reflects the range of tower-related capabilities offered.
OmniAmerica’s stated strategy is to accumulate owned and managed sites for its own account through acquisition and utilization of its site acquisition and construction resources, in addition to providing outside construction and site-implementation services to the wireless communications and broadcasting industries.
A majority of the company’s shareholders have approved the name change, as well as its reincorporation in Delaware.
OmniAmerica Inc. owns, manages and develops multi-use telecommunications sites for radio and television broadcasting, paging, cellular, personal communications services and other wireless technologies; provides wireless infrastructure building and implementation services primarily for providers of wireless communications services in the United States; and manufactures and sells wireless infrastructure components used in the construction and maintenance of wireless communications transmitting and receiving facilities.
