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 has begun the first $10 million phase designing, supplying and installing infrastructure for the...
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 tenants...
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 one of its parents, SBC. The amendments provide that upon emergence from Chapter 11, SpectraSite...
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 begun the first US$10 million phase designing, supplying and installing infrastructure for the operator's...
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, or 16 cents per share, on revenues of $227.42 million.Last year, the company reported...
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 Conservation Council, Friends of the Earth and the American Bird Conservancy, contends antenna structures in...
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 decreased revenues, American Tower reported an EBITDA of $86 million, up 27 percent from...
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 indicated in previous financial disclosures, SpectraSite Communications Inc., the subsidiary that operates the company's towers...
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, which the company credited to higher site leasing revenue despite lower site development revenue. Site...
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 assessing the value of current capital assets and reveal new build opportunities. Telephia's new...
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 Summit & Trade Show in New Orleans.Total Wireless Tower & Cell Site Service Solutions...
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 Nov. 14, day 2 of the Tower Summit & Trade Show in New Orleans.Space...
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 AT&T Wireless Services Inc. and Nextel Communications Inc., including AT&T's plan to spend $2.3 billion...
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.Devon was forced to file for Chapter 11 bankruptcy protection in August, after Adelphia Communications...
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 its leverage ratio and eliminate certain investment baskets. American Tower also said Verestar, which it...
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 on SBA communications Corp., and put all three companies on CreditWatch with negative implications."The...
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 authorizing federal funding of wireless health research."As a Vermonter, I do not want to...
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 range of $140 million to $144 million and tower cash flow between $85 million and...
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 interest, taxes, depreciation and amortization (EBITDA).SBA now expects to report EBITDA between US$18.5 million...
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 Transactions," the security of GSM technology is limited. Among other things, it is possible...
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 position and comfortable convenant cushion on its two U.S. credit facilities," but added that the...
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 protection in August, after Adelphia Communications Corp., which owns 49.9 percent of the company, terminated...
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 all holders of record as of September 1, 2002.The dividend was paid in shares...
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. SpectraSite has its own in-building wireless division that is capable of providing services...
