After the line from the '80s movie "Wall Street"-"Greed, for lack of a better word, is good"-insider trading got a bad rap. In that movie, Charlie Sheen's character was arrested for making money off insider information. However, there are actually two kinds of insider...
Looking for clarity amid the chaos caused by Hurricane Katrina is like looking for the needle in the proverbial haystack. In the race to restore telecom service to the affected areas, should one carrier be praised and another reprimanded for getting services up and...
Alltel Corp. is taking a slow and steady approach to integrating its recently acquired Western Wireless Corp. assets. The company is expected only to make minor changes through the end of this year and wait on major initiatives until next year. Alltel has updated...
Most wireless communications towers were able to remain at least upright through Katrina's wrath. Power and telecommunications facilities sustained widespread damage from water in some of the hardest-hit areas, but for the most part, the towers themselves weathered the storm and are intact. "We...
The wireless industry continues to struggle with service outages in the aftermath of Hurricane Katrina, which devastated the Gulf Coast region when it came ashore Aug. 29, but by late last week, carriers appeared to be making some progress. News reports indicated that wireless...
Wireless carriers continue to struggle with service outages in the aftermath of Hurricane Katrina, which devastated the Gulf Coast region when it came ashore Monday morning. News reports indicate that wireless services are severed completely in many communities due to power outages caused by...
DENVER-The Denver Police Department and the Consolidated Communications Network of Colorado each used the 71st annual Association of Public-Safety Communications Officials International show here last week to showcase their successes in public-safety communications. DPD demonstrated its M/A-COM Inc.-built radio communications system, which serves Denver...
Much hyped and long awaited, WiMAX is now in the first phase of wave one. That means it's go-time for the world's WiMAX players. The testing and rollout schedule for fixed WiMAX technology is broken down into phases and waves, explained Gordon Antonello. Antonello...
DENVER-While much attention at the Association of Public-Safety Communications Officials International show last week in Denver was given to interoperability, at least one inventor was pushing something else. Though his technology is not new, Joe Miller's digital magnetic frequency transmissions have never been applied...
SARASOTA, Fla.-Global Signal Inc. signed long-term master antenna site leases with USA Mobility Inc., opening the door for USA Mobility to lease space on sites owned or leased by Global Signal. Global Signal was negotiating a new lease with USA Mobility for the sites...
SAN ANTONIO-Charys Holding Company Inc. said its wholly owned subsidiary, CCI Telecom Inc., has signed an agreement with Red Elm Associates L.L.C. to develop build-to-suit wireless tower opportunities. The agreement calls for the companies to build a four-carrier designed 190-foot monopole structure along Interstate...
SAN ANTONIO-Charys Holding Company Inc. said its wholly owned subsidiary, CCI Telecom Inc., has signed an agreement with Red Elm Associates L.L.C. to develop build-to-suit wireless tower opportunities. The agreement calls for the companies to build a four-carrier designed 190-foot monopole structure along Interstate...
Global Signal Inc. signed long-term master antenna site leases with USA Mobility Inc., opening the door for USA Mobility to lease space on sites owned or leased by Global Signal. Global Signal was negotiating a new lease with USA Mobility for the sites under...
Is xMax the next big thing or just technology hype that will disappoint? XG Technology L.L.C., the privately held Sarasota, Fla.-based company developing xMax, describes it as a spectrum-sharing technology, a ground-breaking radio-frequency modulation and encoding technology that enables faster, farther and cheaper communications,...
Bolstered by a relatively speedy and uneventful approval process and a new ticker symbol that began trading on the New York Stock Exchange last week, Sprint Nextel Corp. said it is in position to become a differentiated wireless provider focused on providing advanced services...
BOSTON-American Tower Corp. completed its merger with SpectraSite Inc., creating a combined company with more than 21,500 wireless towers, more than 400 broadcast towers and nearly 100 in-building sites. Stockholders of both companies approved the merger in separate meetings Aug. 3. The merger deal...
To the Editor, I know it's been a long time since we've conversed, but I read your most recent RCR Opinion piece ("Telecom reform dejà vu" in Aug. 1 issue) regarding Sen. Ensign's legislative proposal. First, the bill totally eliminates anything in Title II...
Following is information on wireless companies that had ratings changes and other news from investment banking and financial services firms this week.Moody's Investors Service Inc. upgraded the long-term senior unsecured debt ratings of Sprint Corp. and Sprint Capital Corp. as well as the ratings...
WASHINGTON-As expected, the wireless industry late Wednesday asked the U.S. Supreme Court to review and overturn an appeals-court ruling that allowed state courts to handle lawsuits regarding the possible negative health effects of using handheld wireless phones."The U.S. Court of Appeals for the 4th...
American Tower Corp. completed its merger with SpectraSite Inc., creating a combined company with more than 21,500 wireless towers, more than 400 broadcast towers and nearly 100 in-building sites. Stockholders of both companies approved the merger in separate meetings Aug. 3. The merger deal...
As tower companies' second-quarter earnings begin to roll in, three firms posted net losses last week, but industry analysts said the companies are on the right track and most rate the stocks as strong buys. In addition, a merger proposal between two tower firms...
Following are changes in wireless company ratings reported by financial services and investment banking firms this week.Standard & Poor's Ratings Services said Sprint Corp. and Nextel Communications Inc. remain on CreditWatch with positive implications based on operating and financial improvement. Raymond James downgraded Crown...
BOSTON-American Tower Corp. and SpectraSite Inc. announced Wednesday that their respective stockholders have approved the transaction for the companies to merge. The companies expect the merger to close on or about Aug. 8.In the deal, the two companies agreed to a stock-for-stock exchange, whereby...
CARY, N.C.-TowerCo Inc., a wireless tower owner, announced it has secured a $35 million senior credit facility from CapitalSource Finance L.L.C. and plans to use the three-year, cash flow-based loan to fund an aggressive growth spurt. The company said it wants to expand from...
