Crown Castle International Corp. sealed its second deal to manage a large wireless carrier's tower portfolio with last week's announcement that BellSouth Corp. is selling 1,850 towers to the company for $610 million in cash and common stock.Crown in December formed a joint venture...
BOSTON-American Tower Corp. completed its acquisition of TeleCom Towers L.L.C.In connection with the transaction, American Tower issued about 3.9 million shares of class A common stock, paid $60.1 million in cash and assumed about $48.4 million in debt, of which $44.1 million was paid...
ISLETA PUEBLO, N.M.-After determining traditional telephone landlines would be too expensive, Excel Communications Corp. and Solectek Corp. suggested the Native American community of Isleta, N.M, use a wireless solution to connect the 15 business offices on the pueblo, said the companies.Two 100-foot towers will...
SARASOTA, Fla.-Pinnacle Towers Inc. said it purchased 85 wireless towers located in Florida, Georgia, North Carolina, South Carolina, Kentucky and Tennessee, in a series of five transactions. These towers add to the more than 900 towers Pinnacle already owns in the southeastern United States.
Like their counterparts in the wireless service and infrastructure arenas, telecom equipment vendors are consolidating and reorganizing at an increasing pace.Most segments seem to be affected, from tower companies to semiconductor manufacturers. One segment that has been particularly active during the last several months...
WASHINGTON-If the inside-the-beltway crowd thinks the issue of antenna siting is slowing down-or perhaps going away altogether-they should have attended a telecommunications forum on Feb. 28, sponsored by the National Association of Counties (NACo).Leon County, Fla., has become a "tower farm ... there isn't...
HOUSTON-Shaffer Tower Services Inc., a Houston-based communications consulting firm and tower construction company, announced it signed an agreement with Pathnet to upgrade their microwave system on a path that runs from Chatsworth, Ga., to Jacksonville, Fla.
BOSTON-American Tower Corp. and OmniAmerica Inc. announced they have completed their merger transaction.American Tower said it issued approximately 16.7 million shares of Class A common stock to OmniAmerica stockholders and assumed OmniAmerica's outstanding debt. Consideration for the merger also included the assumption of approximately...
In what could become a precedent-setting case, a jury in Harris County, Texas, last week awarded more than $1 million to a couple who claimed a GTE Wireless tower near their home decreased their property value and caused them mental anguish.According to the case...
The wireless industry's toughest challenge may not be choosing 3G standards, or whether the handset or the network should transmit E911 information. Rather, the industry's greatest stumbling block may be its customers.The majority of the nation's 60-plus million wireless phone users most likely do...
BOSTON-CDS Business Mapping announced it entered into an agreement with AAT Communications to list their sites on the Telecom Site Source, an Internet search engine maintained by CDS Business Mapping that helps wireless companies to geographically locate potential cell sites.CDS Business Mapping said the...
MILWAUKEE-Cumulus Media Inc. announced it established a new business unit, Cumulus Wireless Services Inc., which will lease space on its broadcast towers to communications service providers. Cumulus owns 194 AM and FM broadcast towers in 40 small- to mid-sized cities across the United States."We...
FALLS CHURCH, Va.-Spectrum Resources Towers L.P. announced it acquired from CommStructures Communications Inc. of Pensacola, Fla., 10 towers in Alabama, Louisiana and Mississippi and a build-to-suit contract for 11 towers in the same area.The towers in Louisiana have PrimeCo as an anchor tenant, while...
Nextel Communications Inc. said it more than doubled its 1998 subscriber unit base to a total of 2.96 million, adding more than 1.5 million domestic digital subscribers during the year, including 372,500 new subscribers during the fourth quarter.The enhanced specialized mobile radio operator said...
Diablo Research Company said it plans to use Motorola Inc.'s ReFLEX chipset to extend two-way paging transmission to utility-related applications by integrating the technology into computers, consumer devices and industrial equipment.BellSouth Cellular Corp. said it selected Compass Telecom Services L.L.C. as its vendor for...
MCLEAN, Va.-LCC International Inc., a radio-frequency engineering and wireless telecommunications consulting firm, said it is considering spinning off some of its product businesses in an effort to focus on its core tower and telecom services business.The company said it is in the process of...
CONSHOHOCKEN, Pa.-Apex Site Management Inc. announced Triton PCS Inc. hired Apex to manage the collocation marketing and management portion of its tower portfolio, which consists of approximately 200 towers throughout Georgia, North Carolina, South Carolina and Virginia.Under the agreement, Apex said it will provide...
Iridium L.L.C. announced that Kyocera Corp. has completed its handset testing process and has been approved to begin volume distribution of its single-mode satellite phones and dual-mode adapters, as well as terrestrial cellular phones. Kyocera had reported several problems with the testing process, causing...
WASHINGTON-Wireless E911 and privacy bills breezed through the House Commerce Committee last week, setting the stage for votes on the House floor by month's end.The bills, passed by the House telecommunications subcommittee on Wednesday and by the full committee on Thursday, inject a higher...
Nextel Communications Inc. last week agreed to sell its portfolio of towers to independent tower company SpectraSite Communications Inc., ending months of speculation about which tower company the specialized mobile radio carrier would select for the sale.The $560 million cash deal has been eagerly...
NASHUA, N.H.-Sanders, a Lockheed Martin Co., announced it entered into a long-term agreement with WirelessNorth to supply its PCS-Over-Cable distributed antenna system to support the deployment of a wireless network throughout the 13 basic trading areas covered by WirelessNorth's personal communications services licenses.The PCS-Over-Cable...
ELMWOOD PARK, N.J.-Berliner Communications Inc., which provides radio-frequency engineering, site acquisition, project management and tower construction services nationwide, secured $1.5 million in additional financing from Critical Capital Growth Fund L.P.Berliner said the funds will be used for growth and nationwide expansion."We have spent the...
NEW YORK-OmniAmerica Inc., Albuquerque, N.M., announced the Department of Justice Antitrust Division approved its merger with American Tower Corp., Boston.OmniAmerica and American Tower announced Nov. 16 their plan to merge through an exchange of the companies' stock.Separately, American Tower sold an add-on offering of...
BOSTON-American Tower Corp. announced the closing of a public offering of 27 million shares of Class A common stock at $25. Of the total number of shares, 25.7 million were sold by the company and 1.3 million were sold by certain selling stockholders.The net...
