The history of Broadcast Towers Inc., a modestly sized tower services company, offers an account of the tower industry's past and suggests a different path the the future. Ben Gaboury, Ron Lipham and Michael Kerwick have more in common than sitting at the helm...
Wireless tower owners continue to gain steam, as reflected in third-quarter financial results released last week by Crown Castle International Corp., Global Signal Inc., American Tower Corp. and SBA Communications Corp. Crown Castle's solid third-quarter earnings included site-rental revenues that reached $134 million, up...
WASHINGTON-The Cellular Telecommunications & Internet Association's board of directors Wednesday voted to appeal rules recently adopted by the Federal Communications Commission meant to streamline tower sitings in historic areas. "The CTIA Board of Directors believes the regulating of commercial mobile radio services and other...
BOCA RATON, Fla.-SBA Communications Corp. wrapped up this week's round of earnings results from wireless tower companies. The company said it garnered total revenues of $58.7 million, up from $47.6 million a year ago. Of that, site-leasing revenues made up $37 million and site-development...
WASHINGTON-The Federal Communications Commission and the United South and Eastern Tribes have agreed to a set of voluntary best practices for siting towers on lands of cultural significance to some Native American Tribes.USET represents 24 tribes from Maine to Florida to Texas. The FCC...
American Tower Corp. and Global Signal Inc. continued the wave of solid third-quarter 2004 financial results from wireless tower companies. American Tower reported total revenues of $199.2 million and income from operations of $24.6 million, increased from $186.9 million and $12 million, respectively, a...
Crown Castle International Corp. posted solid third-quarter earnings results this week.Site rental revenues reached $134 million, up 11.6 percent from a year ago. U.S. site rental revenue alone made up $125.3 million of that, up 10.5 percent from the same period in 2003.Operating income...
Sprint North Supply's broadly focused offerings, bolstered by the strong reputation of its well-known parent, have brought the organization good graces in the wireless industry among both potential partners and customers. The company functions as a supply chain integrator within Sprint Corp.'s network infrastructure...
WASHINGTON-An 11th-hour effort to pass the wireless enhanced 911 funding bill was struggling against a senatorial objection that stopped the frenetic activity to get the bill passed. Still, supporters remained hopeful the bill would be considered before Congress leaves town for the election. The...
WASHINGTON and DALLAS-Even as several entities signed a nationwide agreement meant to streamline tower sitings, tribal lands are exempt from the rules, thus leading some critics to say the pact isn't streamlined enough. The Federal Communications Commission, the Advisory Council on Historic Preservation and...
Sprint Corp. Chairman and Chief Executive Officer Gary Forsee said last week that the company's highly anticipated sale of its more than 6,200 wireless towers could be completed by the end of this year, and that the company was moving aggressively on its deployment...
WASHINGTON-Carriers that chose the handset solution to comply with the Federal Communications Commission's wireless enhanced 911 Phase II rules may not be required to have complete deployment by the end of next year if an 11th-hour effort to pass a 911 funding bill includes...
Sprint Corp. Chairman and Chief Executive Officer Gary Forsee said the company's highly anticipated sale of its more than 6,200 wireless towers could be completed by the end of this year and that the company is moving aggressively on its deployment of high-speed wireless...
WASHINGTON-The process of streamlining tower sitings on historic land saw several developments this week.The Federal Communications Commission, the Advisory Council on Historic Preservation and the National Conference of State Historic Preservation Officers Monday signed the Nationwide Programmatic Agreement meant to streamline tower sitings, and...
SARASOTA, Fla.—Global Signal Inc. said it will purchase all of the equity of GoldenState Towers L.L.C. for up to $63.1 million, in a transaction excepted to close in the fourth quarter. GoldenState is a portfolio company of VS&A Communications Partners III L.P., a private...
RICHMOND, Va.—The mobile-phone industry last week appeared to dodge another legal challenge to government radiation limits for handsets and towers, but found itself looking at the possibility of seeing headset litigation resurrected. A federal appeals court judge Friday cast doubt on whether U.S. District...
The U.S. Supreme Court has agreed to hear a case from California involving whether a city has to pay attorney fees if it loses a tower siting case. "With the unprecedented number of cellular antennas sprouting up in our communities, the decision that the...
Global Signal Inc. said it will purchase all of the equity of GoldenState Towers L.L.C. for up to $63.1 million, in a transaction excepted to close in the fourth quarter. GoldenState is a portfolio company of VS&A Communications Partners III L.P., a private equity...
CARY, N.C.-TowerCo Inc. announced it has begun operations at its Cary, N.C., headquarters and a southeast region office in Richmond, Va., on a commitment of up to $50 million in equity financing from Tailwind Capital Partners L.L.C."Our plan is to quickly build a reputation...
WASHINGTON-Western Wireless Corp., which does business as Cellular One, said Wednesday it has received eligible telecommunications carrier status for eight additional areas in South Dakota.ETC designation is necessary to receive universal-service subsidies."South Dakota consumers will see a huge benefit from Cellular One's investment in...
BOSTON-American Tower Corp. will sell $300 million principal amount of its 7.125-percent senior notes due October 15, 2012, through an institutional private placement, as previously announced.American Tower said net proceeds, expected to be approximately $292.8 million, will be used to repurchase or redeem a...
BOSTON-American Tower Corp. announced it is seeking to raise $250 million through a private placement of senior notes.The company plans to use all net proceeds to redeem a portion of its 9.375-percent senior notes due 2009.Analysts from Raymond James & Associates Inc. said the...
Clear Channel Communications Inc. announced Nextel Communications Inc. has signed a five-year master lease agreement with four five-year renewal options that allows Nextel to collocate wireless equipment on Clear Channel's 1,300 wireless tower sites and allows Clear Channel to collocate radio equipment on Nextel's...
LITTLE ROCK, Ark.-Alltel announced it will lease space on more than 1,000 of its wireless communications towers, located nationwide, to other wireless carriers.Marketing efforts to lease space on the towers will be led by Faulk & Foster Real Estate of Monroe, La., and KGI...
