BOSTON-American Tower Corp. said it signed a definitive agreement with Alltel Corp. to acquire the rights to as many as 2,193 of Alltel's communications towers through a 15-year sublease for up to $658 million in cash.American Tower said it has the right of first...
NEW YORK-In this year's RCR Wireless News Major Players Vendors listing, Nokia Corp. and Ericsson Inc. each moved up a notch, rising to first and second place respectively among equipment vendors that are net income leaders.Lucent Technologies Inc., which had previously topped the charts...
In the RCR Wireless News article, "Finalists named for tower industry awards" (Oct. 9, page 24), American Tower Corp. should have been listed as one of the finalists for Most Creative Zoning Solution.In the Oct. 9 issue of RCR, the Top 20 list of...
NEW YORK-A 6-percent average summer dip in the price of shares in American Tower Corp., Crown Castle International, Pinnacle Towers Inc., SBA Communications and SpectraSite Communications also reflected "a shift of investors out of telecom into what are perceived to be faster growth areas,"...
Amdocs will integrate its IAF Horizon billing, rating, customer-care and service management solution with Comptel plc's MDS mediation software to provide mobile Internet Protocol service providers with an integrated billing mediation, rating and billing solution together with service activation and customer care. Motorola Inc....
As the bigger tower companies gobble up tower sites across the country, TrinTel Communications Inc. is building its business on filling in the gaps and constructing new sites to lease back or sell to carriers.Founded in July 1998, TrinTel is comprised of three subsidiaries,...
OpenGridWireless Internet solutions provider OpenGrid Inc. appointed Gary Rhea to the position of chief financial officer. Rhea will oversee the company's financial activities, including treasury, accounting, business planning and investor relations. Rhea was CFO for Versant Corp., a provider of enterprise-level database management systems...
BOSTON-American Tower Corp. and U.S. Wireless Corp. said they have formed a strategic alliance to accelerate the deployment of a wireless location network that will provide wireless phone users with E911 caller location assistance, as well as other location-based services such as traffic updates...
NEW YORK-Excluding the third-generation wireless impact, the number of cell sites for mobile communications in the United States likely will reach 140,000 in the next two years, said Ric Prentiss, senior vice president of equity research for Raymond James & Associates.Citing Cellular Telecommunications Industry...
The flurry of consolidation in the wireless industry leads the industry observer to believe a nationwide presence is a necessity to compete in this market going forward.AT&T Wireless Services Inc. raised the bar in 1998 offering its nationwide plan, the Digital One Rate plan....
American Tower Corp. completed its private placement of $450 million principal amount of 5-percent convertible notes due 2010, issued at 100 percent of their face amount. The amount includes the initial purchaser's exercise of their full option to purchase an additional $50 million aggregate...
BOSTON-American Tower Corp. said it plans to make a private placement of $300 million of convertible notes due 2010 with the option granted to the initial purchasers of an additional $50 million principal amount of notes.The notes will be convertible to class A common...
BOSTON-American Tower Corp. is having a busy start to the new millennium, announcing a new merger and adding more towers to its portfolio.The merger, with Galaxy Engineering Services, will provide American Tower with a global turnkey provider of engineering consulting services."We view Galaxy as...
Brightpoint Inc. will continue as the exclusive distributor of Ericsson Mobile Phones in the United States, according to the company. The agreement extends Brightpoint's distribution and sales of Ericsson wireless phones through Dec. 31, 2001, and authorizes Brightpoint to act as a distributor of...
BOSTON-American Tower Corp., Boston, has obtained amended credit facilities, arranged by four financial institutions, that will permit it to take out revolving loans of up to $2 billion."The new facilities will be used in part to provide financing for previously announced transactions scheduled to...
Looking out the window of his Los Angeles office, William E. Jackson II can see two wireless sites his company designed, but he hopes nobody else can see them.Jackson is president of Clock Tower Communications Inc., one of several companies that has emerged to...
LAS VEGAS-The agreement between Crown Castle International Corp. and GTE Corp. by many accounts eliminated the last major carrier tower portfolio on the market and capped off a year of massive and frenzied consolidation of tower assets into a handful of increasingly large hands.Several...
American Tower Corp., the tower industry's heavyweight with nearly 10,000 towers in its portfolio, began as something of an afterthought."Our tower roots go back to my cable television days when companies like Motorola started coming to us looking to lease space on our towers,"...
Following is a summary of the finalists for the tower industry Excellence in Business Awards sponsored by RCR and Shorecliff Communications Inc. Winners will be announced at the 1999 Tower Summit & Trade Show Nov. 8 in Las Vegas.Most Innovative Collocation Solution Crown Castle...
BOSTON-American Tower Corp. entered into an agreement with TV Azteca S.A. de C.V. in Mexico under which American Tower will loan up to $120 million to TV Azteca in exchange for annual net payments of approximately $13.9 million, plus the rights to all existing...
American Tower Corp. signed a $260 million agreement with AT&T Corp. to acquire approximately 1,942 microwave towers and build 1,000 new wireless communication sites for AT&T Wireless Services Inc. during the next five years.Dave Johnson, spokesman for AT&T's Network Services Division, said the microwave...
American Tower Corp. last week made its first large carrier transaction through a master sublease agreement with Vodafone AirTouch plc.The deal gives American Tower the sublease rights to 2,100 AirTouch towers in the United States for $800 million in cash, which works out to...
BOSTON-American Tower Corp. signed a definitive agreement to acquire 192 towers located in the South from Triton PCS, an AT&T Wireless Services Inc. affiliate.The towers are located in Virginia, North Carolina, South Carolina and Georgia. American Tower developed and constructed many of the towers,...
BOSTON-Consistent with the tower industry's consolidation trend, American Tower Corp. scored high last week with several new transactions.The company signed a $39 million agreement to acquire 108 wireless communication towers from Dobson Tower Co. and build a minimum of 65 towers for Sygnet Communications...
