American Tower

AeroSolutions L.L.C. has found its niche in the oft-neglected wireless tower infrastructure industry. The company said it is being discovered by bigger players that increasingly rely on its expertise to …

Wireless tower owner Global Signal Inc., formerly known as Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced …

Wireless tower owner Global Signal Inc., formerly Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 …

BOSTON-American Tower Corp. announced its operating subsidiaries have refinanced their previous credit facility with a new $1.1 billion senior secured credit facility. The new credit facility consists of a $400 …

Despite increased revenues, tower companies Crown Castle International Corp. and SBA Communications Corp. reported first-quarter financials in the red, although Crown managed to shave its losses. Crown reported site rental …

WORCESTER, Mass.-Optasite Inc., a wireless services firm that provides acquisition, cell site construction, testing and maintenance services, said it has received $10 million in financing. The company plans to use …

American Tower Corp. early Tuesday reported first-quarter financial results in line with analyst expectations. The company said total revenues were $186.2 million, up 15 percent from the first quarter of …

SpectraSite Inc. kicked off wireless tower company first-quarter earning releases this week on a positive note. The company said revenues for the first quarter were $84.6 million and operating income …

BOCA RATON, Fla.-SBA Communications Corp. announced it has hired a new chief financial officer. In addition to heading up financial aspects of SBA, Anthony Macaione, 40, will also serve as …

HOUSTON-Crown Castle International Corp. put wireless communications tower stock traders in a frenzy this week when it offered up a concrete sign of hope for the sector by raising its …

Crown Castle International Corp. put wireless communications tower stock traders in a frenzy this week when it offered up a concrete sign of hope for the sector by raising its …

NEW YORK-Lehman Brothers analyst Blake Bath this week initiated coverage of tower companies American Tower Corp., Crown Castle International Corp. and SpectraSite Inc. with various ratings. Bath rated American Tower …

Wireless communication tower owners American Tower Corp., Crown Castle International Corp. and SpectraSite Inc. spoke at last week’s Raymond James & Associates Inc. Institutional Investors Conference, where all three companies …

OVERLAND PARK, Kansas-Rumors that Sprint PCS might sell its 6,000 wireless communications towers to reduce debt are again circulating, according to a report from Bloomberg. The Bloomberg report said Sprint …

CARY, N.C.-SpectraSite Communications Inc. announced it has completed the sale of its broadcast services division to Doty, Moore & Hoenninger L.L.C., an investment vehicle owned by members of the broadcast …

BOSTON-American Tower Corp. has completed the redemption of $212.7 million principal amount of its 6.25 percent convertible notes due 2009. The company redeemed the notes at 102.1 percent of the …

American Tower Corp. and Crown Castle International Corp. released solid fourth-quarter 2003 financial results, as expected. American Tower’s revenues totaled $191.5 million, up from $177.4 million for the fourth quarter …

NEW YORK-Tower stocks are slightly down in value despite strong earnings reports from American Tower Corp. and Crown Castle International Corp. earlier this week. Analysts from Raymond James & Associates …

HOUSTON-Crown Castle International Corp. closely followed competitor American Tower in releasing its fourth-quarter 2003 results. Crown reported revenue for the fourth quarter of $214 million, up from $179.3 million during …

BOSTON-American Tower Corp.’s fourth-quarter 2003 earnings reported today were in line with analyst expectations. The company said revenues totaled $191.5 million, up from $177.4 million for the fourth quarter 2002. …

BOSTON-American Tower Corp. announced it has refinanced its $267 million Term Loan B under its credit facilities, with a new Term Loan C due Dec. 31, 2007. The company also …

BOSTON-American Tower Corp. announced it will sell $225 million principal amount of 7.5-percent senior notes due 2012 through an institutional private placement. Net proceeds are expected to be approximately $221.7 …

The sale of AT&T Wireless Services Inc. is unlikely to have a long-term negative effect on the tower industry, according to tower companies and analysts in the space, who this …

Steve Dodge, founder of American Tower Corp., announced he will retire as chairman of the board. Dodge said he intends to retire officially sometime before American Tower’s annual meeting of …

NEW YORK-Standard & Poor’s Ratings Services raised its outlook on American Tower Corp. to positive from stable, and affirmed its “B-” corporate rating on the company. S&P said it is …