BOSTON-American Tower Corp. has completed the redemption of $212.7 million principal amount of its 6.25 percent convertible notes due 2009. The company redeemed the notes at 102.1 percent of the principal amount, for a redemption price of $221.9 million, including $4.8 million in accrued...
American Tower Corp. and Crown Castle International Corp. released solid fourth-quarter 2003 financial results, as expected.American Tower's revenues totaled $191.5 million, up from $177.4 million for the fourth quarter of 2002. Net loss decreased to $51.2 million, or 23 cents per share, compared with...
NEW YORK-Tower stocks are slightly down in value despite strong earnings reports from American Tower Corp. and Crown Castle International Corp. earlier this week.Analysts from Raymond James & Associates Inc. point to Cingular Wireless L.L.C.'s suggestion yesterday that they would trim back on cell...
HOUSTON-Crown Castle International Corp. closely followed competitor American Tower in releasing its fourth-quarter 2003 results.Crown reported revenue for the fourth quarter of $214 million, up from $179.3 million during the same quarter in 2002. Revenue for the full year 2003 was $786.8 million, also...
BOSTON-American Tower Corp.'s fourth-quarter 2003 earnings reported today were in line with analyst expectations.The company said revenues totaled $191.5 million, up from $177.4 million for the fourth quarter 2002. Net loss decreased to $51.2 million, or 23 cents per share, compared with $52.4 million,...
TOMBALL, Texas-LitFiber announced it has secured approximately 200 radio towers and 200 rooftop sites in the United States and plans to begin building out three distinct nationwide wireless networks.One network will be dedicated to homeland security data and voice communications; another will be primarily...
As the battle for network supremacy rages on, wireless carriers are targeting places with minimal wireless coverage, including highly trafficked indoor spaces like airports, shopping malls, casinos, office buildings, healthcare facilities, government buildings, convention centers and public transportation systems. Carriers are still deciding how...
CARY, N.C.-SpectraSite Inc. recently released its fourth-quarter 2003 results, warning they are not necessarily comparable to the previous year's results since the company was reorganized in early 2003.The company said its total revenues were $81.6 million, compared with $74.9 million in the previous year's...
TOMBALL, Texas-LitFiber announced it has secured approximately 200 radio towers and 200 rooftop sites in the United States and plans to begin building out three distinct nationwide wireless networks.One network will be dedicated to homeland security data and voice communications; another will be primarily...
WASHINGTON-The Federal Communications Commission unveiled its Tower Construction Notification System to allow historic preservationists and tribal cultural authorities the ability to warn if a proposed tower could be problematic."By providing early notification of proposed tower construction, this new Tower Construction Notification System will increase...
Dear Editor,I'm disappointed you believe that our recent package of reports about the state of wireless phone service was not balanced, and that you believe we were quick to complain but not so quick to address the issue of tower siting. We disagree with...
WASHINGTON-The Federal Communications Commission unveiled its Tower Construction Notification System to allow historic preservationists and tribal cultural authorities the ability to warn if a proposed tower could be problematic."By providing early notification of proposed tower construction, this new Tower Construction Notification System will increase...
NEW YORK-Citing what it called modest improvements in the carrier's financial profile, Standard & Poor's Ratings Services raised its outlook on US Unwired Inc. from negative to developing and reaffirmed its `CCC-` corporate credit rating on the company.S&P noted the combination of a credit...
WASHINGTON-Representatives from the wireless industry and officials from the Federal Communications Commission were blindsided on Thursday by the Advisory Council on Historic Preservation, which said that two negotiated exclusions from the historic-preservation process, which the FCC hopes to include in rules in the coming...
NEW YORK-Citing what it called modest improvements in the carrier's financial profile, Standard & Poor's Ratings Services raised its outlook on US Unwired Inc. from negative to developing and reaffirmed its 'CCC-' corporate credit rating on the company.S&P noted the combination of a credit...
BOSTON-American Tower Corp. announced it has refinanced its $267 million Term Loan B under its credit facilities, with a new Term Loan C due Dec. 31, 2007. The company also amended its credit facilities to permit the issuance of its 7.5-percent senior notes due...
BOSTON-American Tower Corp. announced it will sell $225 million principal amount of 7.5-percent senior notes due 2012 through an institutional private placement. Net proceeds are expected to be approximately $221.7 million. The company plans to use the proceeds to redeem all its outstanding $212.7...
Municipalities and states, hungry to find ways to fix their own budget woes, are targeting the wireless industry. As reported last week in RCR Wireless News, the city of Overland, Mo., and the states of South Dakota and Pennsylvania, all have added or are...
The sale of AT&T Wireless Services Inc. is unlikely to have a long-term negative effect on the tower industry, according to tower companies and analysts in the space, who this week applauded strong 2004 tower-build expectations released by AWS and Cingular Wireless L.L.C.Cingular said...
InnerWireless Inc. will market its InnerMobile in-building wireless distribution system to wireless service providers to enable wireless communications throughout the Sears Tower in Chicago. The wireless system will cover the skyscraper's 110 floors, which encompass 3.5 million square feet of office and retail space...
Steve Dodge, founder of American Tower Corp., announced he will retire as chairman of the board.Dodge said he intends to retire officially sometime before American Tower's annual meeting of stockholders, scheduled to take place during the second quarter. Following retirement, he plans to continue...
RICHARDSON, Texas-InnerWireless Inc. announced it will market its InnerMobile in-building wireless distribution system to wireless service providers to enable wireless communications throughout the Sears Tower in Chicago. The wireless system will cover the skyscraper's 110 floors, which encompass 3.5 million square feet of office...
WASHINGTON-California Public Utilities Commission member Susan Kennedy has decided not to offer a competing bill of rights for telecom consumers-one that exempts mobile-phone carriers from new rules-during Gov. Arnold Schwarzenegger's review of existing state regulations."We will not put out an alternate during the governor's...
Despite being a relatively new player in the traditional wireless field, Wi-Fi services have quickly taken over as one of the leading technologies for high-speed wireless data communications as shown by the small but increasing number of tech-savvy consumers clustered in local coffee houses...
