The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersPrudential Equity Group lowered its price target and estimates on iPCS Inc. after the company reported first-quarter results, including revenue and ARPU results that fell...
WASHINGTON-Top U.S. mobile phone carriers have joined to bid for rights to offer wireless service in hundreds of subway stations throughout New York City. Cingular Wireless L.L.C., Verizon Wireless, Sprint Nextel Corp. and T-Mobile USA Inc. are bidding for the project. A Cingular spokesman...
Editor's note: At the end of each year, the RCR Wireless News editorial staff looks back on the news events that made headlines and decides which were the most significant, industry-impacting stories during the past 12 months. While our list does not include the...
Editor's note: At the end of each year, the RCR Wireless News editorial staff looks back on the news events that made headlines and decides which were the most significant, industry-impacting stories during the past 12 months. While our list does not include the...
Global Signal Inc., the nation's third-largest tower company with around 11,000 towers, reported a third-quarter net loss of $15.4 million, or 23 cents per share. The numbers are a steep decline from the company's year-ago net income of $5.3 million, or 10 cents per...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersFitch Ratings placed Telephone and Data Systems Inc. and United States Cellular on Ratings Watch Negative following the announcement that TDS intends to restate its...
BOSTON-American Tower Corp., the nation's largest tower company, posted an operating profit of $176.7 million in its rental and management segment, up 49 percent from a year ago. The company reported revenues of $264.7 million for the third quarter, up 46 percent from the...
WASHINGTON-North Carolina's potentially precedent-setting telecom tower standard has gone into effect, despite objections from the National Association of Tower Erectors to a fall-protection provision that it says is too harsh for small businesses. NATE tried to have the requirement changed by the state legislature,...
Cable & WirelessRick Kimsey joined Cable & Wireless as the company's new chief executive officer for the Caribbean. In addition, Leonardo de Barros, the current chief operating officer for the Caribbean, will consolidate his activities into his roles as chairman of Cable & Wireless...
Most wireless communications towers were able to remain at least upright through Katrina's wrath. Power and telecommunications facilities sustained widespread damage from water in some of the hardest-hit areas, but for the most part, the towers themselves weathered the storm and are intact. "We...
BOSTON-American Tower Corp. completed its merger with SpectraSite Inc., creating a combined company with more than 21,500 wireless towers, more than 400 broadcast towers and nearly 100 in-building sites. Stockholders of both companies approved the merger in separate meetings Aug. 3. The merger deal...
Following is information on wireless companies that had ratings changes and other news from investment banking and financial services firms this week.Moody's Investors Service Inc. upgraded the long-term senior unsecured debt ratings of Sprint Corp. and Sprint Capital Corp. as well as the ratings...
American Tower Corp. completed its merger with SpectraSite Inc., creating a combined company with more than 21,500 wireless towers, more than 400 broadcast towers and nearly 100 in-building sites. Stockholders of both companies approved the merger in separate meetings Aug. 3. The merger deal...
As tower companies' second-quarter earnings begin to roll in, three firms posted net losses last week, but industry analysts said the companies are on the right track and most rate the stocks as strong buys. In addition, a merger proposal between two tower firms...
Following are changes in wireless company ratings reported by financial services and investment banking firms this week.Standard & Poor's Ratings Services said Sprint Corp. and Nextel Communications Inc. remain on CreditWatch with positive implications based on operating and financial improvement. Raymond James downgraded Crown...
BOSTON-American Tower Corp. and SpectraSite Inc. announced Wednesday that their respective stockholders have approved the transaction for the companies to merge. The companies expect the merger to close on or about Aug. 8.In the deal, the two companies agreed to a stock-for-stock exchange, whereby...
NEW YORK-Two of the nation's largest tower operators posted second-quarter losses despite increasing revenues as they continued to move toward a pending merger. SpectraSite Inc. reported a net loss of $1.4 million, or 3 cents per share, during the quarter, compared with a net...
Kristen BeckmanFollowing are ratings changes and other financial information for wireless companies announced this week by investment banking and financial firms.CIBC raised its estimates on Powerwave Technologies Inc. following the company's strong second-quarter report. CIBC said it expects revenues and earnings per share for...
Two of the nation's largest tower operators posted second-quarter losses despite increasing revenues as they continued to move toward a pending merger. SpectraSite Inc. reported a net loss of $1.4 million, or 3 cents per share, during the quarter, compared with a net profit...
BOSTON-American Tower Corp. announced it has completed its previously announced redemption of $75 million principal amount of its 9.375-percent senior notes due 2009. The company redeemed the notes pursuant to their terms at 104.688-percent of the principal amount plus unpaid and accrued interest up...
BOSTON-American Tower Corp. announced a call for redemption of $75 million principal amount of its 9.375-percent senior notes due 2009.The redemption date is set for July 21. The notes will be redeemed at a price equal to 104.688 percent of the principal amount, as...
SARASOTA, Fla.-Global Signal Inc. filed a shelf registration statement with the Securities and Exchange Commission that calls for the company to sell up to $1 billion in debt securities, common stock, preferred stock, depositary shares or warrants.A shelf registration allows a company to file...
BOCA RATON, Fla.-Global Towers Partners said it has signed a definitive agreement to acquire 51 towers from Jesta Towers, a regional developer and wireless facilities owner with a focus on the Gulf Coast region. Terms of the acquisition were not disclosed because both companies...
Global Towers Partners said it has signed a definitive agreement to acquire 51 towers from Jesta Towers, a regional developer and wireless facilities owner with a focus on the Gulf Coast region. Terms of the acquisition were not disclosed because both companies are privately...
