Clearwire Corp.'s stock jumped nearly 12% in early afternoon trading based on speculation that the company is on the verge of announcing it will be acquired. According to a research note by Raymond James & Associates analyst Ric Prentiss, Clearwire's stock has been boosted...
American Tower Corp. brought in $59.6 million in profits during the third quarter thanks to a 10% increase in total revenue from the year-ago period, the company announced.The company also raised its guidance for 2007 based on increased revenues. American Tower now expects to...
With the wireless sector the most competitive in the telecom industry, it is hard to imagine that company executives can simultaneously beat each other's brains out in the marketplace and work in harmony on issues of common interest. But they do for the most...
ORLANDO-The Federal Aviation Administration could prove pivotal in bridging a compromise between conservationists and the wireless industry over how to reduce the number of migratory birds killed from nighttime collisions with communications towers.James Patterson, project manager at the FAA Technical Center, confirmed that agency...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--R.W. Baird raised its EPS estimate on Alltel to $2.84 from $2.80 after the company reported solid second-quarter results. Lehman Brothers raised its estimates on...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Standard & Poor's Ratings Services lowered its ratings on Alltel Corp. to BB from A- and kept the company on CreditWatch with negative implications...
American Tower Corp., one of the big three in the wireless tower industry, showed positive growth in its financial results for the first quarter of 2007. The company's total revenue increased 10% year-over-year to $352.5 million, with net income of $22.2 million."Wireless communications continue...
T-Mobile USA Inc. indicated that it is interested in selling anywhere from 3,500 to 5,000 of its towers in the United States-a sale that could bring upwards of $1 billion to the No. 4 carrier as it continues its plans to deploy 3G services...
The tower industry is sitting pretty these days. And, all things considered, the future couldn't look brighter for The Big Three: Crown Castle International Corp., American Tower Corp. and of SBA Communications Corp. Gone are days of flimsy business models and living on the...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Robert W. Baird raised its price target and estimates on Alltel Corp. after the carrier reported strong fourth-quarter results. The new price target is...
American Tower Corp. reported favorable financial results for the fourth quarter, as well as positive expectations for 2007, and announced a new $1.5 billion stock-repurchasing program. The tower operator earned $18.3 million during the quarter, a significant improvement from the $90.7 million it lost...
REDWOOD CITY, Calif.-Shares of Openwave Systems Inc. surged after the company said it will record additional stock-option expenses of roughly $182 million following an internal review of the fiscal years 2000 to 2005. The mobile software developer said that while it found discrepancies in...
BOSTON-American Tower Corp. posted third-quarter profits of $3.5 million, a swift turnaround from the same period a year earlier when the company reported net losses of $22.1 million. Revenues rose from $265 million to $333 million year-over-year. In the midst of its stock-option granting...
BOSTON—American Tower Corp., the largest wireless network tower company in the nation, reported only partial results for the third quarter that showed rising revenues, but the company also disclosed troubling details of its investigation into its stock-option granting practices. The company found that most...
American Tower Corp. confirmed last week that it will restate financial results from 2005 through the first quarter of this year due to discrepancies in "measurement dates" of certain stock-option grants. American Tower said an internal committee is still reviewing the stock-options backdating matter...
BOSTON—American Tower Corp. confirmed it will restate financial results from 2005 through the first quarter of this year after finding discrepancies in "measurement dates" of certain stock-option grants. AMT said an internal committee is still reviewing the stock-options backdating matter and plans to submit...
BOCA RATON, Fla.-Global Towers Partners dashed speculation in the media indicating that the privately owned tower company is for sale. The company's chief executive officer, Marc Ganzi, stated in an e-mail, "The stories of our impending sale for $1.5 billion were wildly false and...
BOCA RATON, Fla.—Global Towers Partners dashed speculation in the media indicating that the privately owned tower company is for sale. The company’s chief executive, Marc Ganzi, stated in an e-mail, "The stories of our impending sale for $1.5 billion were wildly false and exaggerated....
BOCA RATON, Fla.-Global Tower Partners may be the next tower company to get swallowed up as the industry's giants fight over who will be king of the mountain. Global Tower Partners is owned by Blackstone Group LP, and, according to media reports, the buyout...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierStandard & Poor’s Ratings Services assigned its B- corporate credit rating to MetroPCS...
BOCA RATON, Fla.—Global Tower Partners may be the next tower company to get swallowed up as the industry’s giants fight over who will be king of the mountain. Global Tower Partners is owned by Blackstone Group LP, and, according to media reports, the buyout...
Crown Castle International Corp.'s $5.8 billion acquisition last week of Global Signal Inc. not only altered the tower industry's leadership position, but could spark another round of consolidation among industry players, with SBA Communications Corp. seen as the next likely target. Raymond James &...
HOUSTON—In the world of tower companies, where size definitely matters, No. 1 has just been usurped. Crown Castle International has skipped ahead of American Tower Corp.—the nation’s largest tower company—by buying Global Signal Inc. The deal, valued at $5.8 billion, will form a new...
NASHVILLE, Tenn.-The Wireless Infrastructure Association's annual convention began with the launch of a new a new forum that says its mission is to promote the understanding, acceptance and deployment of distributed antenna systems. DAS usage is gaining ground as a way to propagate RF...
