American Tower

American Tower Corp.’s first-quarter 2003 results reflected a continued focus on its core rental and management operations and optimism in financial expectations for the latter half of 2003. The company …

BOSTON-American Tower Corp.’s first quarter 2003 results released today reflected a continued focus on its core rental and management operations. The company reported revenues of $177.2 million, down from the …

BOCA RATON, Fla.-SBA Communications Corp. has received a $195 million credit facility from GE Structured Finance and affiliates of Oak Hill Advisors Inc. to refinance the existing senior credit facility …

BOSTON-Shares of American Tower Corp. hit a new 52-week high on Thursday, trading at $6.15 by mid-day. The company’s stock is up 72 percent since the end of 2002. Other …

BOSTON-Speech technology provider SpeechWorks International Inc. announced Bob Kellegrew has joined as vice president and general counsel. Kellegrew joins the company from American Tower Corp. where he served in a …

BOCA RATON, Fla.-With its stock still floating above $1 following last week’s announcement of its pending tower sale, SBA Communications Corp. has reported its fourth-quarter and year-end 2003 results. For …

HOUSTON-Tower owner and operator Crown Castle International Corp.’s fourth-quarter 2002 results released late Wednesday reflected lower total revenues, but an increase in site rental and broadcast transmission revenues and an …

ST. PETERSBURG, Fla.-Raymond James & Associates Inc. has increased its financial expectations, including year-end 2003 price targets, for tower giants Crown Castle International Inc. and American Tower Corp. Crown Castle’s …

NEW YORK-American Tower Corp. announced it will receive $420 million following the sale of 12.25 percent senior subordinated discount notes due 2008 of newly formed and wholly owned subsidiary American …

NEW YORK-The U.S. wireless tower industry is at least 18 to 24 months away from recovery, according to a recent report from Standard & Poor’s Rating Services. In its report, …

HOUSTON-Crown Castle International Corp. said it will pay the quarterly dividend on its 12 3/4 percent senior exchangeable preferred stock on Dec. 15, 2002, to all holders of record on …

NEW YORK-American Tower Corp.’s stock has been upgraded to “Strong Buy” by Raymond James & Associates Inc. in anticipation of several financial actions expected to occur by early 2003. American …

NEW YORK-American Tower Corp.’s stock has been upgraded to “Strong Buy” by Raymond James & Associates Inc. in anticipation of several financial actions expected to occur by early 2003. American …

BOSTON-American Tower Corp.’s third quarter results were met with congratulations from industry analysts on the company’s subsequent conference call. Despite a $353.9 million net loss, or $1.81 per share, and …

BOSTON-The four publicly traded tower companies received a much-needed boost from Wall Street this week, following tolerable carrier earnings and some financial announcements of their own. Third-quarter earnings announcements from …

BOSTON-American Tower Corp. amended provisions of the loan agreement for senior secured credit facilities of some of its subsidiaries. The provisions ease the company’s pro forma debt service covenant, tighten …

NEW YORK-Standard & Poor’s Ratings Services said late last week it has placed B-plus corporate credit ratings on American Tower Corp. and Crown Castle International Corp. and a B rating …

BOSTON-Attempting to squelch rumors it will run out of cash, American Tower Corp. reaffirmed its total revenues for third quarter 2002. American Tower expects to report tower revenues in the …

NEW YORK-Moody’s Investors Service has assigned a speculative grade liquidity rating of SGL-3 to tower owner and operator Crown Castle International Corp. Moody’s said that the company has “ample cash …

WATERBURY, Conn.-MTS Holdings L.L.C. announced it has purchased American Tower Corp.’s MTS Wireless Components, Vancomm, Site Advantage and S&S Dynamic operations throughout the United States and Asia. The investor group …

HOUSTON-Although Crown Castle International Corp. narrowed its net loss for the second quarter ended June 30 compared with second-quarter 2001, the company slashed in half its earnings expectations for 2002 …

BOSTON-American Tower Corp.’s stock hit a 52-week low after the company reported earnings for the second quarter ended June 30. Although American Tower narrowed its losses, its stock dropped to …

SAN JUAN CAPISTRANO, Calif.—Shorecliff Communications and RCR Wireless News announced the finalists for the 2001 Excellence in Business Awards, scheduled to take place Oct. 30 at the 2001 Tower Summit …

BOSTON-American Tower Corp. named James Taiclet president and chief operating officer. Taiclet previously worked for Honeywell International where he was president of Honeywell Aerospace Services. He replaces Doug Wiest, who …

NEW YORK-American Tower Corp., Boston, warned June 21 of greater losses than securities analysts had expected due to acquisition integration problems and a write-off related to the Nasdaq delisting threat …