Towers

CARY, N.C.-SpectraSite Communications Inc. signed a definitive agreement with AirTouch Cellular, obtaining rights to about 430 towers in Southern California through a master sublease agreement valued at $155 million. SpectraSite …

WASHINGTON-Tower-siting bills in the Virginia and Massachusetts legislatures have triggered angry backlashes from local residents and officials who do not want to lose their voice in zoning matters and who …

The story in the Feb. 14 issue of RCR headlined “Telephia financing totals $11B plus,” should have read “Telephia financing totals $11M plus.” The story that appeared in the Feb. …

American Tower Corp. completed its private placement of $450 million principal amount of 5-percent convertible notes due 2010, issued at 100 percent of their face amount. The amount includes the …

BOSTON-American Tower Corp. said it plans to make a private placement of $300 million of convertible notes due 2010 with the option granted to the initial purchasers of an additional …

NEW YORK-Publicly held long-term debt set an unwelcome record in 1999 as 147 corporate and sovereign issuers defaulted on $44.6 billion in bonds, more than double the $21.2 billion of …

NEW YORK-Tower companies are sitting pretty and poised for even greater prosperity in 2000 and beyond as domestic demand for their properties grows. Prime movers in this rosy scenario are …

BOSTON-American Tower Corp. is having a busy start to the new millennium, announcing a new merger and adding more towers to its portfolio. The merger, with Galaxy Engineering Services, will …

After five years, Bell Atlantic Mobile got the last laugh. Long-time opponents of BAM cell tower construction in Rock Creek Park had it all planned: They would resort to civil …

It is a generally accepted fact that today’s dollar doesn’t buy as much as it used to, but in the case of wireless airtime, it may actually buy more. “Since …

SARASOTA, Fla.-Pinnacle Holdings Inc., Sarasota, Fla., raised $369 million Jan. 18 in a secondary stock sale of 9 million shares priced at $41 each. Deutsche Bank Alex. Brown was lead …

BOSTON-American Tower Corp., Boston, has obtained amended credit facilities, arranged by four financial institutions, that will permit it to take out revolving loans of up to $2 billion. “The new …

Brightpoint Inc. will continue as the exclusive distributor of Ericsson Mobile Phones in the United States, according to the company. The agreement extends Brightpoint’s distribution and sales of Ericsson wireless …

RCR announced several promotions and new hires to its editorial staff, effective Jan. 3. Reporter Lynnette Luna has been promoted to Denver bureau chief. She will continue her responsibilities as …

In many ways, the wireless tower industry is experiencing the best of times and the worst of times. Tower companies are reporting the wireless industry is building more sites than …

Looking out the window of his Los Angeles office, William E. Jackson II can see two wireless sites his company designed, but he hopes nobody else can see them. Jackson …

AT&T Wireless Services Inc. affiliate Triton PCS Inc. selected Transcept Inc. to help the carrier extend its personal communications services network using Transcept’s TransCell 1900TM PCS-Over-Microwave system. Trancept’s focus is …

MURRAY HILL, N.J.-Lucent Technologies Inc. has taken a page from Ericsson Inc. and Cisco Systems Inc., each of which now dominate in certain areas of telecommunications infrastructure provision, said Richard …

DENVER-Newly formed UltraRF, the former semiconductor division of Spectrian Corp., announced a new amplifier integration technology, in addition to details of its focus as an autonomous business unit. UltraRF produces …

Lucent Technologies Inc. charged ahead during the first half of the year, recording a substantial jump in profit growth and edging ahead of Nokia Corp. as the major players’ leader …

WASHINGTON-Language that requires the National Park Service to issue permits to Bell Atlantic Mobile to site two towers in Rock Creek Park made its way into the federal budget. The …

WASHINGTON-A federal appeals court in Philadelphia ruled a U.S. district court erred in forcing a Pennsylvania town to allow a personal communications services tower to be built in the Pittsburgh …

WASHINGTON-In a major setback to Bell Atlantic Mobile and AT&T Wireless Services Inc., the Virginia Supreme Court ruled wireless carriers must have local approval to erect towers on state-owned property. …

LAS VEGAS-Following are the winners of the tower industry’s Excellence in Business Awards sponsored by RCR and Shorecliff Communications Inc. The winners were announced last week at the 1999 Tower …

LAS VEGAS-The agreement between Crown Castle International Corp. and GTE Corp. by many accounts eliminated the last major carrier tower portfolio on the market and capped off a year of …