WASHINGTON-A British government advisory panel says research indicates mobile phones and base stations do not pose health risks to citizens, but cautioned that limitations of studies and the relatively short time of widespread wireless use dictates that more experiments be conducted to determine if...
So Federal Communications Commission Chairman Michael Powell has declared war on the U2 rock star, the second Irishman in less than two gulps of a Guinness to feel the wrath of the Bush Administration.It's Mano a Bono. For his part, former Treasury secretary Paul...
NEW YORK-Standard & Poor's Ratings Services raised its outlook on American Tower Corp. to positive from stable, and affirmed its "B-" corporate rating on the company.S&P said it is likely carriers will maintain or increase tower-related spending, and concern over the impact carrier consolidation...
SARASOTA, Fla.-Pinnacle Holdings, parent company of Pinnacle Towers, announced it has changed it name to Global Signal Inc., effective immediately. "With a full portfolio of communications infrastructure services and new management team, Global Signal has reorganized and, as a result, is a more efficient...
BOCA RATON, Fla.-SBA Communications Corp. is launching a new $350 million senior secured credit facility that will consist of a $75 million revolving credit facility to mature July 2008 and a $275 million term loan to mature October 2008.SBA plans to borrow from the...
AAT Communications Corp. announced it plans to acquire all tower assets of Signal One L.L.C., a privately held Chattanooga, Tenn.-based tower owner and site management company. The assets include 226 owned towers and 199 managed sites mainly located in Tennessee, Alabama, Mississippi and Georgia....
Affirmation from wireless carriers and equipment vendors, as well as industry analysts and Wall Street, is driving optimism from tower companies regarding new tower builds. Analyst firm Raymond James and Associates Inc. said its belief cell-site deployments are increasing was validated by equipment supplier...
Consumer Reports bashed the wireless industry again in its second annual survey of rating wireless providers. It's safe to say carriers flunked in the magazine's eyes. The editor of Consumer Reports complained cellular service hasn't improved one iota since last year. But while Consumer...
The acquisition beat goes on in the wireless equipment sector with several companies recently announcing purchases of other players. The increasing number of mergers is not surprising given the specific, still-developing sectors in which many of them are occurring, according to Ray Jodoin, director...
ST. LOUIS-AAT Communications Corp. announced it plans to acquire all tower assets of Signal One L.L.C., a privately held Chattanooga, Tenn.-based tower owner and site management company. The assets include 226 owned towers and 199 managed sites mainly located in Tennessee, Alabama, Mississippi and...
If the predictions pan out, wireless carriers will loosen their purse strings in 2004 to further build out and enhance their networks. To appease unsatisfied consumers and to prove their mettle against the competition, carriers likely will be issuing search rings to locate the...
When tight carrier capital spending forced tower companies to focus on their primary businesses, non-core assets like managed rooftop portfolios justifiably became a second priority. But as the sector rebounds, tower companies will have to decide whether to tend to those neglected assets or...
BOSTON-American Tower Corp. said in a recent filing with the Securities and Exchange Commission it plans to sell up to $850 million in debt securities, preferred stock, common stock, warrants, stock purchase contracts and equity units. The company plans to use the proceeds for...
BOSTON-American Tower Corp. announced last week its Verestar Inc. subsidiary has filed for Chapter 11 bankruptcy protection. American Tower had planned to sell the satellite and fiber network communications access provider by the end of 2003, and a year ago designated Verestar a discontinued...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. reported an agreement to sell up to 97 communications towers to AAT Communications Corp. at an average price of $125,000 per tower. The towers are located in Arkansas, Alabama, Mississippi, Florida, Louisiana and Texas with AAT...
CINCINNATI-Lattice Communications L.L.C. has acquired 13 communications towers in the Indianapolis metro area from Vertical RealEstate Inc. Lattice did not disclose the purchase price."The Vertical RealEstate towers were attractive to Lattice because they represent a well-constructed, clustered group of towers with attractive lease-up potential,"...
Sprint PCS affiliate US Unwired Inc. reported an agreement to sell up to 97 communications towers to AAT Communications Corp. at an average price of $125,000 per tower. The towers are located in Arkansas, Alabama, Mississippi, Florida, Louisiana and Texas with AAT committing to...
CINCINNATI-Lattice Communications L.L.C. has acquired 13 communications towers in the Indianapolis metro area from Vertical RealEstate Inc. Lattice did not disclose the purchase price."The Vertical RealEstate towers were attractive to Lattice because they represent a well-constructed, clustered group of towers with attractive lease-up potential,"...
WASHINGTON-The Advisory Council on Historic Preservation rejected the government's argument that towers along scenic highways are the same as large signs and other improvements to increase traffic flow and safety."The ACHP must object to the Federal Communications Commission's effect finding. Our objection is based...
SARASOTA, Fla.-Pinnacle Towers Inc. announced it has made Ronald Bizick executive vice president of corporate development and operations. Bizick formerly served as executive vice president and chief operating officer of SBA Communications, which he joined at its inception."If you look at his history, it's...
HOUSTON-Crown Castle International Corp. announced it has received consents for amendments to the terms of its 10.375-percent senior discount notes and its 11.25-percent senior discount notes from holders of the notes following its Nov. 24 tender offers and consent solicitations.As of Dec. 9, when...
WASHINGTON-The Advisory Council on Historic Preservation rejected the wireless bureau's argument that towers along scenic highways are the same as large signs and other improvements to increase traffic flow and safety."The ACHP must object to the Federal Communications Commission's effect finding. Our objection is...
WASHINGTON-The FCC's Wireless Telecommunications Bureau last month set down a marker as to whether towers can be placed along scenic highways and it came down on the side of the wireless industry."Given this consistent history of adapting the protection of the viewshed so as...
SAN DIEGO-Qualcomm Inc. announced the closing of its sale of Vesper S.A. and Vesper Sao Paulo S.A., including their holding companies Vesper Holding S.A. and Vesper Holding Sao Paulo S.A., to Embratel Participacoes S.A.Vesper is a wireless local loop operator in Brazil.Through the sale,...
