Towers

BOSTON-American Tower Corp.’s first quarter 2003 results released today reflected a continued focus on its core rental and management operations. The company reported revenues of $177.2 million, down from the …

WASHINGTON-John Henshaw, head of the Occupational Safety and Health Administration, has urged major U.S. mobile phone operators and tower owners to hire only those construction firms that have proven safety …

BOCA RATON, Fla.-SBA Communications Corp. has received a $195 million credit facility from GE Structured Finance and affiliates of Oak Hill Advisors Inc. to refinance the existing senior credit facility …

CHANTILLY, Va.-Private investment fund BIA Digital Partners L.P. invested $5.7 million in Towers of Texas Inc., facilitating the creation of a new $20 million senior debt facility. “This gives us …

REDMOND, Wash.-AT&T Wireless Services Inc. and T-Mobile USA Inc. reported a joint roaming agreement designed to increase coverage of their respective GSM/GPRS networks. AT&T Wireless said the deal will provide …

TULSA, Okla.-Mobile Equipment International released a new line of portable surveillance towers for the commercial and military markets. The towers, which allow for quick deployment for surveillance, weather, air monitoring …

BOCA RATON, Fla.-SBA Communications Corp. has received approval to amend its $300 million senior credit facility. With the amendment, the “going concern” qualification expected from auditors on its 2002 financial …

CINCINNATI-Lattice Communications L.L.C. announced the purchase of 24 communications towers from Enterprise Communications Partnership. The towers include ten sites in the Atlanta area and 14 in the Birmingham area. “The …

CARY, N.C.-SpectraSite Inc. late last week quietly reported its fourth quarter and year-end 2002 results. Total revenues for the fourth quarter were $81.7 million, up from the previous year’s $72.2 …

BOSTON-Shares of American Tower Corp. hit a new 52-week high on Thursday, trading at $6.15 by mid-day. The company’s stock is up 72 percent since the end of 2002. Other …

BOSTON-Speech technology provider SpeechWorks International Inc. announced Bob Kellegrew has joined as vice president and general counsel. Kellegrew joins the company from American Tower Corp. where he served in a …

BOCA RATON, Fla.-With its stock still floating above $1 following last week’s announcement of its pending tower sale, SBA Communications Corp. has reported its fourth-quarter and year-end 2003 results. For …

DALLAS-Alliance Tower Corp. and Central Wireless Inc. have entered a partnership under which Central Wireless will provide all tower construction services on behalf of Alliance Tower. Alliance Tower is currently …

HOUSTON-Tower owner and operator Crown Castle International Corp.’s fourth-quarter 2002 results released late Wednesday reflected lower total revenues, but an increase in site rental and broadcast transmission revenues and an …

KANSAS CITY, Mo.-Independent wireless communications service provider Centennial Communications Corp., represented by mergers & acquisitions firm Nations Media Partners, is selling 186 wireless communications towers that cover four states and …

ALEXANDRIA, Va.-Wireless infrastructure association Personal Communications Industry Association said Thomas (Tam) Murray, founder and managing member of Community Wireless Structures, has joined its board of directors. Community Wireless Structures is …

ST. PETERSBURG, Fla.-Raymond James & Associates Inc. has increased its financial expectations, including year-end 2003 price targets, for tower giants Crown Castle International Inc. and American Tower Corp. Crown Castle’s …

PROVIDENCE, R.I.-Private tower company Bay Communications L.L.C., founded in November 2002, has secured private equity funding from Boston-based Housatonic Partners. Bay Communications will use the funding to support the development …

NEW YORK-American Tower Corp. announced it will receive $420 million following the sale of 12.25 percent senior subordinated discount notes due 2008 of newly formed and wholly owned subsidiary American …

BOCA RATON, Fla.-SBA Communications Corp. has reaffirmed its fourth quarter financial guidance, which it plans to officially release March 24, 2003. SBA expects to record total revenues of $63.5 million …

NEW YORK-The U.S. wireless tower industry is at least 18 to 24 months away from recovery, according to a recent report from Standard & Poor’s Rating Services. In its report, …

WASHINGTON-It would be nice to say this policy or that technology will shape the direction of the wireless industry in 2003. But neither industry nor official Washington has that luxury. …

TORONTO-Canadian carrier Bell Mobility announced it will begin offering basic location-based services through its new MyFinder application and that it plans to expand the service with additional features. The service …

WASHINGTON-It would be nice to say this policy or that technology will shape the direction of the wireless industry in 2003. But neither industry nor official Washington has that luxury. …

TORONTO-Canadian carrier Bell Mobility announced it will begin offering basic location-based services through its new MyFinder application and that it plans to expand the service with additional features. The service …