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 the fourth quarter, SBA's total revenue decreased 7.3 percent to $64.1 million from the...
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 negotiating with wireless carriers for "numerous" tower sites in the southeastern United States and is...
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 improved net loss. The company reported total revenue of $228 million, down from...
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 are worth $34 million to tower company AAT Communications Corp. According to the terms...
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 a wireless infrastructure company that currently manages 18 tower sites and plans to manage 30...
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 price target has been increased from $6 to $6.50. Analysts said the previous target was...
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 of wireless communication towers in the northeastern U.S."The nature of the tower industry today has...
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 Tower Escrow Corp. and warrants to purchase 11.4 million shares of Class A 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 to $70 million and expects earnings before interest, taxes, depreciation and amortization, as well as...
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, S&P cites financial challenges faced in 2002 by the five publicly traded U.S. tower companies,...
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. Geopolitics could come to color the wireless world to a far greater extent than...
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 will first be available to users in Quebec and Ontario, and Bell Mobility said it...
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. Geopolitics could come to color the wireless world to a far greater extent than...
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 will first be available to users in Quebec and Ontario, and Bell Mobility said it...
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 in the Northeastern U.S."The investment by Catalyst will allow us to continue to focus...
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 will first be available to users in Quebec and Ontario, and Bell Mobility said it...
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 to revisit the sector early next year."In the short term, we believe industry risk...
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 Dec. 1, 2002.The dividend will be paid in shares of the preferred stock at...
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 division in 1999 to complement its build-to-suit contracts, and is now selling it to focus...
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 solely held.Competition is the name of the game, said Bechtel President George Conniff. Earlier...
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 promise for the tower industry, which we represent. Specifically, I want to point out...
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 existing monopole towers without changing their structural aspects. "The DualPole cost effectively provides for more...
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 Tower is expected to announce structural separation of its Verestar satellite division before year-end, which...
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 Tower is expected to announce structural separation of its Verestar satellite division before year-end, which...
