ATLANTA-Crown Castle International Corp. and BellSouth Corp. reached a preliminary agreement that calls for BellSouth to sublease the unused space on its 773 personal communications services towers to Crown Castle for $317 million in cash.In addition, Crown Castle's and BellSouth's affiliates agreed to an...
ELite Logistic ServicesElite Logistic Services Inc. introduced its PageTrack control module, a wireless automotive security, control and monitoring solution. The system uses SkyTel Communications Inc.'s two-way ReFLEX network, the ReFLEX CreataLink 2 XT two-way data transceiver from Motorola Inc. and global positioning system technology....
FALLS CHURCH, Va.-Spectrum Resources Towers L.P. acquired six towers in Baltimore, Md., in two separate transactions, said the company.The towers were acquired from Blanton Tower Leasing and Douglas Robison. Spectrum Resources Towers said tenants on the towers include Bell Atlantic Mobile, SBC/Cellular One, AT&T...
ALEXANDRIA, Va.-The Federal Communications Commission needs to "strike the proper balance" between regulation and forbearance, the Personal Communications Industry Association told a congressional task force on July 2.PCIA was responding to a request from Rep. Paul Gillmor (R-Ohio) for information on how the FCC...
NEW YORK-Heading into a scorcher of an Independence Day holiday, American stock markets closed in record-setting territory, thereby heating up the prospects for wireless sector companies seeking financing during the second half of 1999.By now it is a cliche to say that Alan Greenspan,...
BOSTON-Consistent with the tower industry's consolidation trend, American Tower Corp. scored high last week with several new transactions.The company signed a $39 million agreement to acquire 108 wireless communication towers from Dobson Tower Co. and build a minimum of 65 towers for Sygnet Communications...
WASHINGTON-Even as the National Capital Planning Commission was voting to further delay the siting of two Bell Atlantic Mobile towers in Rock Creek Park, the Senate was voting to override the NCPC.Sen. Thomas A. Daschle, the Democratic leader from South Dakota, attached an amendment...
DENVER-Wireless carriers may be sitting on a revenue stream that would be relatively easy and cost-effective to deploy, according to Len Gee, vice president of North American Sales for Wireless Inc., a provider of wireless access communications systems for IP broadband networking and telephony...
The gap between large and small independent tower companies became wider last week as a pair of transactions added nearly 2,500 towers to the portfolios of two of the larger players in the tower industry.American Tower Corp. will add about 600 owned and operated...
BOSTON-American Tower Corp. entered an agreement to acquire Dallas/Fort Worth Teleport, a full-service satellite telecommunications facility in Irving, Texas.The teleport supports 16 antennas offering video, voice and data services. The teleport can access any satellite in the U.S. domestic arc, the Morelos and Solidaridad...
Fresh from his turnaround performance leading MobileMedia Communications Inc. out of bankruptcy, former president and chief executive officer Ron Grawert has been named CEO of Clariti Telecommunications International. The company said its Wireless Messaging division is developing a voice-mail system called ClariCAST Digital Wireless...
NEW YORK-For bond investors, high-yield debt deals by telecommunications and media companies are hard to ignore since they have constituted 30 percent to 40 percent of all new dollar-denominated issues in the last several years.Of the $617 billion in this type of debt outstanding...
BOSTON-American Tower Corp. said it entered into a purchase agreement to acquire approximately 75 communication sites in central and southern Illinois from Illinois PCS, a Sprint PCS affiliate.The 75 sites, currently under construction and scheduled to be completed by the end of this year,...
HOUSTON-Crown Castle International Corp. said it has acquired 619 wireless communications towers from Powertel Inc. for approximately $262 million in cash.The agreement provides Powertel with a 10-year lease, with three five-year renewal terms. Crown Castle said it will receive $1,800 per month per tower...
WASHINGTON-The close of the six-year, $27 million Wireless Technology Research L.L.C. program has re-energized a public debate about whether mobile telephones cause cancer or pose other health problems to the nation's 70 million wireless subscribers.Indeed, WTR Chairman George Carlo claims new studies suggest a...
Little appreciated until now in the Rock Creek Park-BAM cell tower dispute is the clout of the bird people. I was enlightened to this by an article in the May Audubon Naturalist, a publication of the Audubon Natural Society.All this time I thought Bell...
NEW YORK-SBA Communications Corp., a Boca Raton, Fla., owner of wireless communications towers, plans to go public in June via an offering of 11.54 million shares in an expected price range of $12 to $14 each.Lehman Brothers Inc., New York, is lead underwriter of...
In addition to adding towers to their portfolios, tower management companies also have started to bring wireless construction capabilities in-house in an effort to offer their carrier customers one-stop shopping.SpectraSite Holdings Inc., which recently secured a purchase lease-back and build-to-suit arrangement with Nextel Communications...
As deregulation slowly takes hold of the U.S. electric utility industry, many companies are beginning to take a look at wireless telecommunications as a way to hold on to their customers.With strong brand names, customer bases and billing capability, electric utility companies could prove...
HOUSTON-Crown Castle International Corp. raised $850 million last week from the sale of two 12-year note issues totaling $482 million and a secondary offering of 21 million shares of common stock priced at $17.50 each.Goldman, Sachs and Co. and Salomon Smith Barney jointly led...
After securing purchase-leaseback deals with BellSouth Cellular Corp. and Powertel Inc., Crown Castle International Corp. capped off its first quarter with significant increases in revenues and cash flow.Total revenues increased 366 percent to $55.1 million, compared with revenues of $11.8 million during last year's...
WASHINGTON-The Cellular Telecommunications Industry Association blasted Rep. Charles Bass' (R-N.H.) pro-local antenna siting bill, saying it would undermine public safety and competition and potentially make local zoning authorities hostage to anti-tower activists."We urge Congress not to enact the Local Zoning Preservation Act of 1999...
HarrisHarris Corp. named its current Communications Sector President, E. Van Cullens, president and chief operating officer of the company, effective July 1. He will be responsible for overseeing the business operations for Harris' six divisions. Cullens joined Harris as communications sector president in 1997,...
