Towers

NEW YORK-TCP Communications Inc. has received $10 million in equity commitments from private equity group Catalyst Investor L.P., which it plans to use to acquire and construct wireless communications towers …

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 …

NEW YORK-Owing to what it described as industry risk and price appreciation, brokerage firm Bear, Stearns & Co. has downgraded the high-yield wireless telecom and towers sector to “underweight,” promising …

HOUSTON-Crown Castle International Corp. said it will pay the quarterly dividend on its 12 3/4 percent senior exchangeable preferred stock on Dec. 15, 2002, to all holders of record on …

CARY, N.C.-SpectraSite Communications Inc., operating subsidiary of bankrupt SpectraSite Holding Inc., said it will sell its wireless network services division to its subsidiary WesTower Corp. SpectraSite acquired the network services …

AT&T Wireless Services Inc. is getting ready to award a large tower buildout contract and it appears incumbent service provider Bechtel Communications may have to share the contract it once …

To the Editor, I was gratified to see that Tracy Ford presented an ultimately positive view of the tower industry in her Nov. 18 editorial, as PCIA also sees great …

NEW ORLEANS-Infrastructure services provider Morrison Hershfield released the DualPole, a new tower reinforcement solution, at the recent 2002 Tower Summit & Trade Show. The DualPole provides additional colocation capacity on …

NEW YORK-American Tower Corp.’s stock has been upgraded to “Strong Buy” by Raymond James & Associates Inc. in anticipation of several financial actions expected to occur by early 2003. American …

NEW YORK-American Tower Corp.’s stock has been upgraded to “Strong Buy” by Raymond James & Associates Inc. in anticipation of several financial actions expected to occur by early 2003. American …

MIAMI-Selby Communications announced at last week’s Tower Summit & Trade Show that it has secured contracts valued at $30 million with Orascom Telecom, an African and Asian GSM operator. Selby …

NEW ORLEANS-Infrastructure services provider Morrison Hershfield released the DualPole, a new tower reinforcement solution, at the recent 2002 Tower Summit & Trade Show. The DualPole provides additional colocation capacity on …

CARY, N.C.-SpectraSite Holdings Inc. filed Chapter 11-bankruptcy protection today in accordance with the plan it released Nov. 6. In doing so, SpectraSite amended agreements with carrier Cingular Wireless L.L.C. and …

MIAMI, United States-Selby Communications announced at this week’s Tower Summit & Trade Show that it has secured contracts worth US$30 million with Orascom Telecom, an African GSM operator. Selby has …

HOUSTON-Crown Castle International Corp. increased revenues and decreased losses during the third quarter. In its earnings statement, released late Nov. 14, the company reported a net loss of $65.63 million, …

ALEXANDRIA, Va.-PCIA has filed a reply to an environmental group’s response to PCIA’s motion to dismiss the group’s Aug. 27 Gulf Petition. The environmental group, which consists of the Forest …

BOSTON-American Tower Corp.’s third quarter results were met with congratulations from industry analysts on the company’s subsequent conference call. Despite a $353.9 million net loss, or $1.81 per share, and …

CARY, N.C.-Tower owner SpectraSite Holdings Inc. said it will file for Chapter 11 bankruptcy protection, a move it said 66 percent of holders of its senior notes support. As SpectraSite …

BOCA RATON, Fla.-SBA Communications Corp. reported third quarter financial results in line with expectations. SBA’s total revenues were up from the year ago period by 64 percent to $67 million, …

NEW ORLEANS-Telephia Inc. will launch Coverage and Capacity Solutions, a new service aimed at providing tower companies, site acquisition specialists and real estate professionals with information that can assist in …

NEW ORLEANS-Emerson Network Power Global Services, a division of Emerson Network Power, will formally announce the launch of Total Wireless Tower & Cell Site Service Solutions, at this week’s Tower …

NEW ORLEANS-Space Data Corp.’s chairman and chief executive officer Gerald Knoblach will lead a discussion on alternatives the tower industry can take to reach rural populations with wireless communications on …

BOSTON-The four publicly traded tower companies received a much-needed boost from Wall Street this week, following tolerable carrier earnings and some financial announcements of their own. Third-quarter earnings announcements from …

WILMINGTON, Del.-Bankrupt Devon Mobile Communications L.P. said it will attempt to sell, via auction, substantially all of its site tower assets and will assume related executory contracts and unexpired leases. …

BOSTON-American Tower Corp. amended provisions of the loan agreement for senior secured credit facilities of some of its subsidiaries. The provisions ease the company’s pro forma debt service covenant, tighten …