American Tower

BOCA RATON, Fla.-SBA Communications Corp. is launching a new $350 million senior secured credit facility that will consist of a $75 million revolving credit facility to mature July 2008 and …

Affirmation from wireless carriers and equipment vendors, as well as industry analysts and Wall Street, is driving optimism from tower companies regarding new tower builds. Analyst firm Raymond James and …

If the predictions pan out, wireless carriers will loosen their purse strings in 2004 to further build out and enhance their networks. To appease unsatisfied consumers and to prove their …

When tight carrier capital spending forced tower companies to focus on their primary businesses, non-core assets like managed rooftop portfolios justifiably became a second priority. But as the sector rebounds, …

BOSTON-American Tower Corp. said in a recent filing with the Securities and Exchange Commission it plans to sell up to $850 million in debt securities, preferred stock, common stock, warrants, …

BOSTON-American Tower Corp. announced last week its Verestar Inc. subsidiary has filed for Chapter 11 bankruptcy protection. American Tower had planned to sell the satellite and fiber network communications access …

WASHINGTON-The FCC’s Wireless Telecommunications Bureau last month set down a marker as to whether towers can be placed along scenic highways and it came down on the side of the …

BOCA RATON, Fla.-SBA Communications Corp. has released its third-quarter 2003 financial earnings. The company also released the results of a re-audit of its fiscal year 2001 and 2002 financial statements …

BOSTON-American Tower Corp. announced its American Towers Inc. subsidiary will sell $400 million principal amount of 7.25-percent senior subordinated notes due 2011 in an institutional private placement. The company originally …

BOSTON-American Tower Corp. reported strong third-quarter results, including increased revenues and earnings before interest, taxes, depreciation and amortization and decreased net losses. Total operating revenues were $186.9 million, up from …

BOSTON-American Tower Corp. has completed its cash tender offer for its 2.25-percent convertible notes due 2009. The company said that more than $104 million in aggregate principal amount at maturity …

BOSTON-American Tower Corp. announced Jim Taiclet, formerly president and chief operating officer, will take over the roll of chief executive officer, replacing Steve Dodge who will continue as chairman of …

NEW YORK-Bear Stearns & Co. Inc. has raised its wireless tower sector rating to “market overweight,” reflecting its confidence in the industry’s ability to continue financial deleveraging. The analyst firm …

BOSTON-American Tower Corp. has sold $35 million in 3.25-percent convertible notes due 2010 resulting in net proceeds of $33.9 million. The company plans to use $15.6 million of the proceeds …

BOSTON-American Tower Corp. has closed its previously announced offerings of Class A common stock and 3.25-percent convertible notes due 2010. With the closing of the Class A common stock offering, …

The headline in the July 28 issue on page 12 about American Tower earnings should have read “American Tower to shed tall tower construction service subsidiary.” In the “Cingular to …

BOSTON-American Tower Corp. Chairman and Chief Executive Officer Steve Dodge purchased 100,000 shares of American Tower stock priced between $9.13 and $9.37 according to a recent filing with the Securities …

BOSTON-American Tower Corp. has closed its previously announced offerings of Class A common stock and 3.25-percent convertible notes due 2010. With the closing of the Class A common stock offering, …

Second-quarter results from public tower companies reflect improved financial stability and greater optimism that cell-site additions will ramp up in the coming months. Crown Castle International Corp. released its second-quarter …

BOSTON-American Tower Corp. has priced the public note offering and the convertible note offering it announced earlier this week. The company will sell $175 million principal amount of its 3.25-percent …

BOSTON-American Tower Corp.’s second-quarter 2003 financial results reflected increased revenues as well as increased losses, and showed the company is still shedding non-core assets to further its financial stability. The …

Wireless infrastructure association PCIA is gearing up for its first industry trade show since it narrowed its focus to the tower sector last fall, but tight travel budgets will not …

Wireless tower industry stocks soared last week, with major players’ shares rising above previous 52-week highs. American Tower Corp. was trading at $9.25 per share, Crown Castle International Corp. hit …

Wireless tower industry stocks soared this week, with major players’ shares rising above previous 52-week highs. American Tower Corp. was trading at $9.25 per share, Crown Castle International Corp. hit …

As the wireless industry comes of age, upgrades are necessary to keep existing, legacy infrastructure in working order and compatible with emerging wireless communications technologies. Those upgrades and enhancements start …