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 system includes: the SSM-2000 Base Site Controller that monitors for problems and alerts organizations of...
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 brings Jesta's total ownership to more than 70 sites that are completed or in...
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 York-based private equity firm, has invested $6 million of equity in the new company.The...
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."Tower companies account for approximately 80 percent of the wireless facilities market in California. Including...
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 includes prior Microwave Tower Service Inc. owner Tom Carpenter and President Ernie Carpenter,...
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 and Wall Street took notice.Like American Tower Corp., which reported earnings late Wednesday, CCI's...
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 $1.40 in mid-day trading, down 20 cents from the previous day's close. The company reported...
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 $750,000 in monthly licensing fees to 5G, based on a sliding scale of total...
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 high-definition television (HDTV) broadcast. The three weeks of tests, which ended 21 July, involved...
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 to US$400 million. The company also plans to establish a research and development (R&D)...
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 infrastructure industries, Shorecliff announced.Shorecliff owns and produces the annual Tower Summit and Trade Show...
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 March 2001 when the FCC, the Advisory Council for Historic Preservation and the National Conference...
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 in Arkansas earlier this year. David Bates, an OSHA official in the Little Rock,...
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 represented ForeSite in the transaction.Based in Birmingham, Ala., ForeSite now owns 130 towers in...
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 is expected to focus primarily on acquisitions of towers from developers and wireless carriers."We will...
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 agreement with SBC to reduce its future sublease agreements by 187 towers to 707...
JAKARTA,Indonesia—The increasing growth in Indonesia's cellular communications has attracted a new government tax scheme for imported material used in cellular infrastructure as additional income for the Indonesian government. Under this scheme, all cellular operators must pay a 20-percent "exclusive tax" for any imported materials...
HOUSTON—Crown Castle International Corp. adjusted its 2002 site rental and transmission revenue projections by $28 million to between $657 million and $682 million after ITV Digital, one of Crown Castle UK Ltd.'s customers, said it was filing for bankruptcy.Crown Castle also lowered its 2002...
SARASOTA, Fla.—Pinnacle Holdings Inc. said the previously announced expiration of the forbearance agreement that it and its subsidiaries, including Pinnacle Towers Inc., entered into Nov. 16, 2001, has been renewed until May 10, unless certain events, including the failure to obtain an extension by...
WASHINGTON—The U.S. Personal Communications Industry Association (PCIA) has decided to drop its annual trade show, global m-commerce user initiative and LifePage donor program and cut its skeletal staff by 20 percent as part of a major shakeup that officials said will enable it to...
WASHINGTON—The Personal Communications Industry Association has decided to drop its annual trade show, global m-commerce user initiative and LifePage donor program and cut its skeletal staff by 20 percent as part of a major shakeup that officials said will enable it to focus on...
NEW YORK—Standard & Poor's revised its outlook for SpectraSite Holdings Inc. to negative from stable due to the tower company's dependence on external funding."The current economic environment increases the financial risk for all companies dependent on additional external capital to implement their business plans,"...
ORLANDO, Fla.—Cingular Wireless said it plans to invest more than $700 million in its Gulf States region network, including Florida, Alabama, Mississippi and Louisiana.The investment will be used for enhancing call quality and network coverage. During the year, the company said it plans to...
HOUSTON—Crown Castle International Corp. said its revenues for the fourth quarter ended Dec. 31 increased to $238.2 million, from $202 million for fourth-quarter 2000. The company's revenues for the year also increased from $649.2 million in 2000, to $898.9 million for 2001.Crown Castle's net...
