Towers

NEW YORK-Standard & Poor’s Ratings Services said late last week it has placed B-plus corporate credit ratings on American Tower Corp. and Crown Castle International Corp. and a B rating …

WASHINGTON-Vermont lawmakers have introduced legislation to repeal a key provision of the 1996 telecom act designed to foster antenna siting for mobile-phone operators, setting the stage for a follow-up bill …

BOSTON-Attempting to squelch rumors it will run out of cash, American Tower Corp. reaffirmed its total revenues for third quarter 2002. American Tower expects to report tower revenues in the …

BOCA RATON, Florida, United States-Feeling financial pressure as wireless carriers continue to slash capital expenditures, wireless tower owner and operator SBA Communications has lowered its third-quarter guidance for earnings before …

MANILA, The Phillipines-GSM technology has inherent vulnerabilities that can be exploited by hackers, a recent World Bank study has warned. According to a paper titled “E-Security: Risk Mitigation in Financial …

NEW YORK-Moody’s Investors Service has assigned a speculative grade liquidity rating of SGL-3 to tower owner and operator Crown Castle International Corp. Moody’s said that the company has “ample cash …

WILMINGTON, Del.-Bankrupt Devon Mobile Communications L.P. will sell 75 wireless communications towers to Mountain Union Telecom L.L.C., pending court approval. Devon Mobile was forced to file for Chapter 11 bankruptcy …

HOUSTON-Wireless communication tower owner and operator Crown Castle International Corp. announced the quarterly dividend on its 12 3/4 percent senior exchangeable preferred stock was paid on September 16, 2002 to …

CARY, N.C.-Wireless tower operator SpectraSite Holdings Inc. announced Thursday afternoon it has sold its interest in Concourse Communications Group L.L.C., which develops shared wireless tenant infrastructure systems in U.S. airports. …

NORTH CHARLESTON, S.C.-Hark Tower Systems announced its SecureSite SSM2000 Tower Site Monitoring and Security System, a suite of hardware, software and services to provide wireless antenna site management solutions. The …

PENSACOLA, Fla.-Tower owner and operator Jesta Towers Inc. said it plans to acquire six tower development projects in Louisiana, Mississippi, Alabama and Florida to serve various wireless operators. The acquisition …

PROVIDENCE, R.I.-Tower Ventures Inc. (TVI) announced it has formed Tower Ventures II L.L.C. (TVLLC) and has contributed all of its assets to the company. In addition, Seaport Capital, a New …

ALEXANDRIA, Va.-The Personal Communications Industry Association is urging a California legislator to amend his bill to include tower companies in a plan to lease state lands to wireless service providers. …

WATERBURY, Conn.-MTS Holdings L.L.C. announced it has purchased American Tower Corp.’s MTS Wireless Components, Vancomm, Site Advantage and S&S Dynamic operations throughout the United States and Asia. The investor group …

HOUSTON-Although Crown Castle International Corp. narrowed its net loss for the second quarter ended June 30 compared with second-quarter 2001, the company slashed in half its earnings expectations for 2002 …

BOSTON-American Tower Corp.’s stock hit a 52-week low after the company reported earnings for the second quarter ended June 30. Although American Tower narrowed its losses, its stock dropped to …

MARINA DEL REY, Calif.-5G Wireless Communications Inc. announced it entered an agreement with Radiant Holdings Inc. to license 5G’s proprietary Wi-Fi 802.11b technology in Florida.The agreement provides for up to …

DENVER, United States-The solar-powered Pathfinder-Plus, operating at 65,000 feet over Hawaii, has successfully completed commercial tests of third-generation (3G) wireless video telephony, wireless Internet surfing via laptop computer modem and …

BEIJING-South Korean vendor LG Group plans to build a copy of its Seoul headquarters along Beijing’s Chang’an Avenue, which also passes Tiananmen Square. Investment in the twin towers would amount …

SAN JUAN CAPISTRANO, Calif.-Landmark Communications Inc. acquired a majority interest in Shorecliff Communications Inc., a privately held trade show, conference and magazine publisher specializing in the wireless broadband and wireless …

WASHINGTON-The Federal Communications Commission dismissed a petition from the Personal Communications Industry Association that called for a siting rulemaking. The petition was filed in July 2000 but became moot in …

WASHINGTON—The Occupational Safety and Health Administration has fined an Oklahoma construction firm $14,100 in connection with the deaths of three men who fell from an Alltel Corp. cell phone tower …

TAMPA, Fla.—ForeSite Towers L.L.C. received $5.1 million in equity financing to develop wireless communication towers and acquired a portfolio of 100 towers in the Southeast, said Communications Equity Associates, which …

MCLEAN, Va.—Shared Towers Inc. said it received an unspecified amount of funding from Virginia Capital for its new tower acquisition and development company, Shared Tower Sites L.L.C. The new company …

CARY, N.C.—SpectraSite Holdings Inc. is terminating its build-to-suit contract with Cingular Wireless and transferring its sublease agreements in 545 SBC Communications Inc. towers to Cingular, as well as modifying its …