Wireless tower industry stocks soared this week, with major players' shares rising above previous 52-week highs. American Tower Corp. was trading at $9.25 per share, Crown Castle International Corp. hit $7.94, SBA Communications Corp. was at $3.10 and SpectraSite Inc. was at $49.40 per...
PARIS-Webraska Mobile Technologies has received an additional investment of $5.26 million from its current investors. The company said the capital will be used to fund growth opportunities in Webraska's core LBS, telematics and automotive markets and in the growing mobile enterprise market. Apax Partners,...
PARIS-Webraska Mobile Technologies has received an additional investment of $5.26 million from its current investors. The company said the capital will be used to fund growth opportunities in Webraska's core LBS, telematics and automotive markets and in the growing mobile enterprise market. Apax Partners,...
WASHINGTON-Despite interest in steering Iraq reconstruction business to American companies through competitive bidding and White House reluctance to meddle in wireless rebuilding in the war-torn country, the Bush administration has awarded what appears to be a no-bid GSM mobile-phone contract to a troubled U.S....
BellSouth Corp. has agreed to buy WorldCom Inc.'s multichannel multipoint distribution system licenses for $65 million in an agreement the two companies reached last month. BellSouth's bid for the company's fixed-wireless assets is a "stalking horse" bid, in which a bankrupt company chooses one...
As the wireless industry comes of age, upgrades are necessary to keep existing, legacy infrastructure in working order and compatible with emerging wireless communications technologies. Those upgrades and enhancements start with the very foundation of wireless communication, wireless tower sites.Physical tower upgrades occur mainly...
WASHINGTON-The Federal Communications Commission has proposed fining a carrier for building a tower without seeking the proper authorization.The FCC wants to fine Western Wireless Corp. $200,000 for constructing and continuing to operate a 180-foot tower in Medora, N.D., on a ridge overlooking a historic...
BOCA RATON, Fla.-SBA Communications Corp.'s first-quarter 2003 results showed lower total revenues than the year-ago quarter, but the company's highest-ever site leasing revenues, reflecting a continuing decline in the services business. Revenue was $58.2 million, down from $63.9 million a year ago. Site leasing...
WASHINGTON-The Federal Communications Commission on Monday proposed fining Western Wireless Corp. $200,000 for constructing and continuing to operate a 180-foot tower in Medora, N.D., on a ridge overlooking a historic area.The proposed fine, known as a notice of apparent liability, is the first time...
CARY, N.C.-SpectraSite Inc. late last week reported first quarter 2003 results reflecting increased site leasing revenues and net income.Revenues were $81.4 million, up from $72.4 million for the first quarter of last year. Site leasing revenues were up 16.1 percent to $76.6 million, while...
American Tower Corp.'s first-quarter 2003 results reflected a continued focus on its core rental and management operations and optimism in financial expectations for the latter half of 2003.The company reported revenues of $177.2 million, down from the $186.6 million reported a year ago, which...
WASHINGTON-The Federal Communications Commission on Thursday sent a letter to the U.S. Fish and Wildlife Service suggesting that the two agencies work together to get to the bottom of the controversy of whether towers kill migratory birds, FCC Chairman Michael Powell told reporters at...
BELLEVUE, Wash.-Wireless Applications Corp. added a feature to its online tower mapping PowerSearch tool that awards users with immediate product upgrades as they locate tiny globe icons hidden on the site.PowerSearch allows users to search structure databases, perform RF propagation, design microwave path profiles...
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 $186.6 million reported a year ago which American Tower said was due to its focus...
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 records and that follow federal guidelines.In an April 18 letter obtained by RCR Wireless...
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 of subsidiary SBA Telecommunications Inc. SBA owes $255 million under the existing facility and...
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 the equity-like capital that allows us to grow, without the cost or loss of...
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 its customers access to services covering approximately 3,000 highway miles and 12.1 million potential customers...
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 and telecommunications equipment, are available in three deployment platforms, including Model 23000 PST, the...
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 statements is waived, as are certain financial covenants that were possible in the first quarter...
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 Enterprise towers were attractive to Lattice because they are well constructed, clustered tower groups designed...
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 million, with site leasing revenues up 17 percent to $74.9 million. Net loss for the...
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 tower company stocks are also up for the year, with Crown Castle International Corp....
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 similar position. He also has previous experience with videoconferencing company PictureTel Corp. and at FTP...
