WASHINGTON-Rural wireless carriers are different; they use different technology, and they should not be held to the same accuracy standards for wireless enhanced 911 as their urban counterparts, said six senators recently in a letter to the Federal Communications Commission."The Sept. 1 deadline for...
WASHINGTON-In response to the massive power outage Aug. 14, Sen. Charles Schumer (D-N.Y.) sent a letter to the Federal Communications Commission Aug. 24 urging the agency to set standards for backup power systems."Cell phones failed us on Sept. 11, they failed last week, and...
While most wireless operators are in the midst of launching third-generation wireless data services using traditional base stations over licensed airwaves, an increasing number of smaller, independent companies have begun deploying high-speed wireless data services using unlicensed spectrum and both proprietary and standards-based technologies...
WASHINGTON-The Federal Communications Commission released a notice of inquiry-the first step in what could be a multi-year process before rules become effective-on whether towers kill or harm birds."The NOI takes a critical step forward by calling for a record to assess exactly how, and...
BOSTON-American Tower Corp. has sold $35 million in 3.25-percent convertible notes due 2010 resulting in net proceeds of $33.9 million. The company plans to use $15.6 million of the proceeds to reduce debt under its credit facilities and to hold the rest in a...
SAO PAULO, Brazil-Brazilian fixed-line operator Embratel plans to acquire Brazilian wireless local loop carrier Vesper from Qualcomm Inc. The amount of the deal was not disclosed, however, analysts said Vesper is worth about $70 million, much less than the amount of money Qualcomm has...
BOCA RATON, Fla.-Tower owner SBA Communications Corp. has reported its second-quarter 2003 financial results.The company said its total revenues for the quarter were $50.4 million, down from $63.6 million in last year's second quarter. Site leasing revenue accounted for $31.7 million, up 12.3 percent...
CARY, N.C.-SpectraSite Inc. released solid second-quarter 2003 results, reflecting improved revenues and decreased losses.The company said total revenues were $80.9 million, up from $73.2 million recorded in the second quarter of 2002. Site leasing revenues were up 15.8 percent from last year to $77.5...
BOSTON-American Tower Corp. has closed its previously announced offerings of Class A common stock and 3.25-percent convertible notes due 2010.With the closing of the Class A common stock offering, American Tower issued 12.4 million shares for $104.8 million. The underwriters exercised their option to...
The headline in the July 28 issue on page 12 about American Tower earnings should have read "American Tower to shed tall tower construction service subsidiary."In the "Cingular to use NextWave spectrum" story in the Aug. 4 issue of RCR Wireless News, the price...
BOSTON-American Tower Corp. Chairman and Chief Executive Officer Steve Dodge purchased 100,000 shares of American Tower stock priced between $9.13 and $9.37 according to a recent filing with the Securities and Exchange Commission. "AMT chairman has increased his personal equity exposure to the company...
BOSTON-American Tower Corp. has closed its previously announced offerings of Class A common stock and 3.25-percent convertible notes due 2010.With the closing of the Class A common stock offering, American Tower issued 12.4 million shares for $104.8 million. The underwriters exercised their option to...
TOKYO-Furukawa Electric Co. Ltd. and Sumitomo Electric Industries Ltd. will consolidate their wireless technology operations in a joint venture company. The new company will focus on development, production, sales, maintenance, construction, and export of broadcast antennas, fixed communications aerials and feeder components to support...
Second-quarter results from public tower companies reflect improved financial stability and greater optimism that cell-site additions will ramp up in the coming months. Crown Castle International Corp. released its second-quarter financials late last week. The company reported revenue of $224.2 million, down slightly from...
As more wireless issues are hotly contested at the state level, state wireless associations could become more popular. The wireless industry in Tennessee has coalesced to form the Tennessee Wireless Association, a consortium of wireless industry advocates interested in furthering their knowledge of current...
HOUSTON-Crown Castle International Corp. was the latest public tower company to release its second-quarter 2003 financial results.The company reported revenue of $224.2 million, down slightly from $225.5 million for the second quarter 2002. Site rental and broadcast transmission revenue accounted for $189.5 million of...
BOSTON-American Tower Corp. has priced the public note offering and the convertible note offering it announced earlier this week.The company will sell $175 million principal amount of its 3.25-percent convertible notes due 2010 through an institutional private placement. Initial buyers also have an option...
BOSTON-American Tower Corp. said it will commence a public offering of 12.4 million shares of Class A common stock for $114.4 million in net proceeds, which it will use to repurchase outstanding debt securities or to make equity contributions to borrower subsidiaries for general...
BOSTON-American Tower Corp.'s second-quarter 2003 financial results reflected increased revenues as well as increased losses, and showed the company is still shedding non-core assets to further its financial stability.The company recorded total revenues of $178.2 million, up from $165.8 million in the second quarter...
AT&T Wireless Services Inc. continued to expand the reach of its GSM/GPRS service last week, signing roaming agreements with Dobson Communications Corp. and its joint venture American Cellular Corp. that will eventually add coverage to more than 11 million potential customers in parts of...
WASHINGTON-WorldCom Inc.'s proposed $144 million sale of fixed wireless assets to Nextel Communications Inc. potentially faces far more obstacles than initially thought, a situation that a federal bankruptcy judge is set to address at a hearing in Manhattan on Tuesday.U.S. Bankruptcy Judge Arthur Gonzalez...
Nextel Communications Inc. surpassed even the most bullish expectations, posting a quarterly record 591,000 net customer additions during the second quarter, compared with 469,000 net customer additions during the second quarter of 2002, and ending the first half of the year with 11.7 million...
BANGKOK-Verizon has agreed to sell its 10-percent stake in Thai telecom company TelecomAsia to Golden Tower Trading Ltd. and Mission Gain Investments Ltd. for an undisclosed amount."Our decision to exit from this investment is based solely on our strategic decision to focus on the...
BANGKOK-Verizon has agreed to sell its 10-percent stake in Thai telecom company TelecomAsia to Golden Tower Trading Ltd. and Mission Gain Investments Ltd. for an undisclosed amount."Our decision to exit from this investment is based solely on our strategic decision to focus on the...
