Sprint Corp.'s often rumored plans to sell off its significant tower holdings could be getting closer to a reality as the company reported during its second-quarter conference call that it is exploring strategic initiatives for its approximately 6,300 cellular towers that analysts noted could...
ST. LOUIS-AAT Communications Corp. has closed on a new $325 million senior credit facility, which it plans to use to repay debt, increase its cash balance and to fund new acquisitions and tower development.The credit facility includes a $200 million Term Loan B, a...
NTT DoCoMo Inc. announced it is developing the N900iL, a dual-network handset that runs on the third-generation FOMA network and internal corporate wireless local area networks.The solution targets corporate users and will be marketed though DoCoMo's corporate business division and its partners, but not...
BECKLEY, W.V.-Pegasus Tower Co. Ltd. has acquired three wireless communications sites from New York-based A.P. Cell Towers, a division of Apollo Real Estate Advisors.The towers, located in West Virginia's Raleigh and Mercer counties, will provide coverage on the I-77 and I-64 corridors, along U.S....
Wireless gaming publisher Jamdat Mobile Inc. filed a registration statement with the Securities and Exchange Commission for a proposed public offering of common stock. The company, which has agreements to distribute its application in 38 countries through 72 wireless carriers, said it has...
BECKLEY, W.V.-Pegasus Tower Co. Ltd. has acquired three wireless communications sites from New York-based A.P. Cell Towers, a division of Apollo Real Estate Advisors.The towers, located in West Virginia's Raleigh and Mercer Counties, will provide coverage on the I-77 and I-64 corridors, along U.S....
Freud is looking down on us, smiling at how the most powerful, the most-manly city on earth has learned to cope with the stress of war and peace and scandal. Official Washington has never had a problem ripping the throats out of...
STOCKHOLD, Sweden-A handful of wireless operators lodged a joint application with Sweden's National Post and Telecom Agency that calls for altered license terms for third-generation network construction that would allow for lower signal strength and a resulting reduction in the number of 3G-specific towers...
Crown Castle International Corp. last week confirmed it is selling its U.K. business, including 3,600 tower sites, to British utility company National Grid Transco plc for $2.035 billion cash."The price fully values the U.K. business plan," said Ben Moreland, Crown's chief financial officer. "We...
SARASOTA, Fla.-Global Signal Inc. announced it has completed the acquisition of Tower Ventures III L.L.C. for $52 million in cash, plus fees and expenses. The 97 wireless communications towers are concentrated in Tennessee, Mississippi, Missouri and Arkansas. In all, Global Signal has acquired 214...
AeroSolutions L.L.C. has found its niche in the oft-neglected wireless tower infrastructure industry. The company said it is being discovered by bigger players that increasingly rely on its expertise to forge their own successes in the wireless business.Steel tower structures physically deteriorate in the...
A regional wireless industry association could be coming to a neighborhood near you. A movement is afoot in the wireless industry, and the tower sector, hungry to learn the intricacies of the industry from the experts, is leading the charge. Atlanta, home to the...
Wireless tower owner Global Signal Inc., formerly known as Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 per share. Shares of Global Signal, under the symbol GSL, began trading...
Wireless tower owner Global Signal Inc., formerly Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 per share. Shares of Global Signal, under the symbol GSL, began trading today, and...
Rural wireless provider Cellular South said it has added more than 100 cell sites since last September as part of the planned expansion of its CDMA2000 1x-based network, which is an overlay of its legacy TDMA network. The carrier noted that with the recent...
BOSTON-American Tower Corp. announced its operating subsidiaries have refinanced their previous credit facility with a new $1.1 billion senior secured credit facility. The new credit facility consists of a $400 million revolving credit facility, a $300 million term A loan and a $400 million...
Wireless broadband service provider Digitalpath Networks has partnered with national Internet service provider EarthLink Inc. to target customers in the areas surrounding Chico, Sacramento and Redding, Calif.Digitalpath provides wireless Internet service through its own proprietary "relay system," rather than through a traditional wireless tower...
WASHINGTON-As allegations fly back and forth over the award of Iraqi mobile-phone licenses and public-safety contracts in a war-torn country where insurgency has become a destabilizing force, the U.S.-led Coalition Provisional Authority finds itself far behind schedule in establishing a first-responder network that officials...
A grand opening last week marked the coming together of two seasoned wireless tower equipment companies. The festivities commemorated the re-opening of Rohn Industries Inc.'s Peoria, Ill.-based manufacturing operation, under its new owner, Canada's Radian Communication Services Inc., a subsidiary of Onex Corp.Rohn has...
Despite increased revenues, tower companies Crown Castle International Corp. and SBA Communications Corp. reported first-quarter financials in the red, although Crown managed to shave its losses.Crown reported site rental and broadcast transmission revenue of $219.4 million, up 18.6 percent, or $34.4 million, from last...
Supported by the Telecom Act of 1996, wireless carriers are taking towns across the country that have denied them permits for tower builds to court-and winning. Reports from local newspapers nationwide show that the tower-related provisions in the telecom act are working as intended-to...
BOCA RATON-SBA Communications Corp. late Thursday rounded out the public tower sector's first-quarter 2004 financial earnings.The company recorded revenues of $57.3 million, up from $51.7 million in last year's first quarter. Of that, site leasing revenue made up $33.9 million and site development revenues...
WASHINGTON-The San Diego County Board of Supervisors Wednesday said Sprint PCS cannot use a clause in a California state law to build a tower in Rancho Santa Fe, Calif., against the wishes of the community."The win for Rancho Santa Fe-and for every community, for...
HOUSTON-Wireless communications tower owner Crown Castle International Corp. released financial results for the first quarter of 2004 in line with guidance issued last month.The company reported site rental and broadcast transmission revenue of $219.4 million, up 18.6 percent, or $34.4 million, from last year's...
