As 2006 draws to a close and we take stock of all the changes that have happened in the wireless industry, we can't help but wonder how things will look a year from now. So here are some predictions for the coming year. We...
Hello!And welcome to a special edition of our Thursday column, Worst of the Week. As 2006 draws to a close and we take stock of all the changes that have happened in the wireless industry, we can't help but wonder how things will look...
Editor's Note: Welcome our Monday feature, Analyst Angle. We've collected a group of the industry's leading analysts to give their outlook on the hot topics in the wireless industry. In the coming weeks look for columns from Strategy Analytics' Chris Ambrosio, M:Metrics' Seamus McAteer...
Wireless broadband service provider Clearwire Corp. racked up a deal to build its first municipal WiMAX network in Grand Rapids, Mich., after the city council unanimously approved the company's bid to connect the city's 45 square miles with WiMAX coverage.The deal marks Clearwire's first...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Credit Suisse First Boston lowered its estimates on Sprint Nextel Corp. based on expectations of lower postpaid net adds during the fourth quarter and...
REDWOOD CITY, Calif.-Shares of Openwave Systems Inc. surged after the company said it will record additional stock-option expenses of roughly $182 million following an internal review of the fiscal years 2000 to 2005. The mobile software developer said that while it found discrepancies in...
BOSTON-American Tower Corp. posted third-quarter profits of $3.5 million, a swift turnaround from the same period a year earlier when the company reported net losses of $22.1 million. Revenues rose from $265 million to $333 million year-over-year. In the midst of its stock-option granting...
Tower marketing and licensing firm KGI Wireless Inc. added 363 tower sites from Time Warner Cable to its portfolio, pushing its count of managed sites to more than 7,000.Earlier this year, KGI snagged a multi-year deal to manage Alltel Corp.'s 3,000 wireless tower sites,...
BOSTON—American Tower Corp., the largest wireless network tower company in the nation, reported only partial results for the third quarter that showed rising revenues, but the company also disclosed troubling details of its investigation into its stock-option granting practices. The company found that most...
SARASOTA, Fla.—Global Signal Inc. reduced its losses but still ended up in the red for the third quarter. The company reported a net loss of $11.3 million, which is about $4 million less than the $15.4 million loss that Global Signal reported in the...
WASHINGTON-The Federal Communications Commission launched a rulemaking to determine whether rules are necessary to reduce the number of migratory bird collisions with cell-phone towers and other telecom antenna structures, setting the stage for a pitched battle between environmentalists and the tower industry. The FCC...
WASHINGTON—The Federal Communications Commission today launched a rulemaking to determine whether rules are necessary to reduce the number of migratory bird collisions with cell-phone towers and other telecom antenna structures, setting the stage for a pitched battle between environmentalists and the tower industry. The...
ANAHEIM, Calif.—Network designer and operator NextPhase Wireless Inc. laid out plans to expand its pre-WiMAX network through acquisitions, providing outsourcing services to Internet service providers and introducing more value-added services to its customers. The operator said it is still on track to deploy WiMAX...
While the big dogs in the tower industry have national footprints, there are still places they don't or can't cover. And often, hard-to-cover areas mean hard-to-gain-access-to land. But a few companies are finding clever ways to zero in on what used to be considered...
American Tower Corp. confirmed last week that it will restate financial results from 2005 through the first quarter of this year due to discrepancies in "measurement dates" of certain stock-option grants. American Tower said an internal committee is still reviewing the stock-options backdating matter...
BOSTON—American Tower Corp. confirmed it will restate financial results from 2005 through the first quarter of this year after finding discrepancies in "measurement dates" of certain stock-option grants. AMT said an internal committee is still reviewing the stock-options backdating matter and plans to submit...
SAN FRANCISCO-Detroit and Minneapolis-St. Paul have the highest rates of wireless substitution among the 20 largest U.S. cities, according to research by Telephia. Detroit led the list of cord-cutting rates, with 19 percent of its 1.47 million households using only wireless for communications. Minneapolis-St....
BOCA RATON, Fla.-Global Towers Partners dashed speculation in the media indicating that the privately owned tower company is for sale. The company's chief executive officer, Marc Ganzi, stated in an e-mail, "The stories of our impending sale for $1.5 billion were wildly false and...
In the Oct. 16 issue on page 7, we incorrectly stated the company and number of towers that Crown Castle International Corp. is buying. CCI is in the process of buying Global Signal Inc.'s 11,000 towers.
CARY, N.C.—TowerCo L.L.C. announced that its credit facility from CapitalSource has been raised from $35 million to $75 million. The two-year-old tower company said it will use the funds to expand its tower portfolio from its existing 360 towers to more than 600 towers....
SAN FRANCISCO—Detroit and Minneapolis-St. Paul have the highest rates of wireless substitution among the 20 largest U.S. cities, according to research by Telephia. Detroit led the list of cord-cutting rates, with 19 percent of its 1.47 million households using only wireless for communications. Minneapolis-St.Paul...
BOCA RATON, Fla.—Global Towers Partners dashed speculation in the media indicating that the privately owned tower company is for sale. The company’s chief executive, Marc Ganzi, stated in an e-mail, "The stories of our impending sale for $1.5 billion were wildly false and exaggerated....
BOCA RATON, Fla.-Global Tower Partners may be the next tower company to get swallowed up as the industry's giants fight over who will be king of the mountain. Global Tower Partners is owned by Blackstone Group LP, and, according to media reports, the buyout...
WASHINGTON-The Federal Communications Commission issued rules that will allow MediaFLO USA Inc. to begin operations next year as planned, but has yet to begin the inter-agency coordination necessary for mobile TV competitor Modeo L.L.C. to go forward. In order for either mobile TV service...
