The gap between large and small independent tower companies became wider last week as a pair of transactions added nearly 2,500 towers to the portfolios of two of the larger players in the tower industry.American Tower Corp. will add about 600 owned and operated...
Fresh from his turnaround performance leading MobileMedia Communications Inc. out of bankruptcy, former president and chief executive officer Ron Grawert has been named CEO of Clariti Telecommunications International. The company said its Wireless Messaging division is developing a voice-mail system called ClariCAST Digital Wireless...
In addition to adding towers to their portfolios, tower management companies also have started to bring wireless construction capabilities in-house in an effort to offer their carrier customers one-stop shopping.SpectraSite Holdings Inc., which recently secured a purchase lease-back and build-to-suit arrangement with Nextel Communications...
The transition of control of cell sites from wireless carriers to independent tower companies is accelerating, and build-to-suit companies increasingly are getting the call from carriers to handle the buildout of their networks.Most industry watchers agree the transition is good for carriers and tower...
In the last two weeks alone, Crown Castle International Corp. has more than doubled its tower portfolio in the United States and United Kingdom, securing a top position for itself among independent tower companies.The most recent transactions with Powertel Inc. and the U.K.'s One...
NEW YORK-Television programming often can be as good a barometer as hard numbers about trends that are hot, and so it is with the wireless tower industry.In a recent "The Simpsons," cartoon character Homer Simpson rented cell site space on his rooftop to the...
BOSTON-American Tower Corp. completed its acquisition of TeleCom Towers L.L.C.In connection with the transaction, American Tower issued about 3.9 million shares of class A common stock, paid $60.1 million in cash and assumed about $48.4 million in debt, of which $44.1 million was paid...
NEW YORK-OmniAmerica Inc., Albuquerque, N.M., announced the Department of Justice Antitrust Division approved its merger with American Tower Corp., Boston.OmniAmerica and American Tower announced Nov. 16 their plan to merge through an exchange of the companies' stock.Separately, American Tower sold an add-on offering of...
If the recent consolidation activity among independent tower companies is any indication, size is perceived to be an important element to a tower company in attracting deals with wireless carriers.The rapid consolidation of the industry was jolted into high gear in November when American...
BOSTON-American Tower Corp. and Triton PCS announced they entered into a contract in which American Tower will build 115 build-to-suit tower-development sites in North Carolina, South Carolina and Georgia.In addition, Triton PCS has contracted American Tower's acquisition and zoning service for 175 sites in...
BOSTON-American Tower Corp. has purchased Bracket Master Inc. for approximately $1.5 million.Bracket Master Inc., a manufacturer and distributor of tower hardware based in Jupiter, Fla., formed in 1994 to meet the growing demand for antenna-mounting hardware. American Tower owns and manages more than 3,000...
American Tower Corp. last week bolstered its leading position among independent tower companies when it announced plans to acquire TeleCom Towers L.L.C. and OmniAmerica Inc., the latter considered a major player in the tower industry.When completed, the mergers will add about 1,036 towers to...
Consolidation among heavyweights in the telecommunications industry, including some of the wireless sector's largest carriers, has grabbed the headlines during the last several months. Meanwhile, the tower industry has been experiencing a rapid consolidation of its own.Since the beginning of this month, American Tower...
The vast number of players coupled with loads of savvy Wall Street money has set the stage for mass consolidation within the tower industry.The rate of acquisitions has moved quickly within the last year, and industry executives and analysts say only a handful will...
NEW YORK-Boston-based American Tower Systems Corp. sold a secondary offering of 29.37 million shares of Class A common stock July 2 at a price of $23.50 each in connection with its spinoff from American Radio Systems Corp., which CBS Corp. purchased.In response to investor...
NEW YORK-Boston-based American Tower Systems Corp. will become a stand-alone company following CBS Corp.'s acquisition of its parent and its spin-off, which involve a secondary offering of the tower company's stock.American Tower owns and/or operates more than 1,800 wireless communications towers in 44 states...
NEW YORK-Pathnet Inc. hopes to raise $100 million by going public to help finance its goal of becoming a national carrier's carrier in smaller markets by upgrading existing wireless infrastructure to develop a synchronous optical network (SONET) system.Pathnet intends to provide a high-capacity, dedicated...
BOSTON-American Tower Systems Corp., a subsidiary of American Radio Systems Corp., said it intends to file a registration with the Securities and Exchange Commission for a public offering of class A common stock.Proceeds of the public offer will be used to finance the company's...
BOCA RATON, Fla.-American Tower Systems, a wholly owned subsidiary of American Radio Systems, acquired the assets of B&E Associates and DB Consultants for $13 million.Both companies, located in Norwood, Mass., are premiere site acquisition firms, said American Tower Systems. The companies work primarily for...
NEW YORK-American Tower Corp. plans to go public, and it could become the first independent company engaged solely in wireless communications tower site management to do so.The company, which is headquartered in Webster, Texas, owns approximately 600 towers on 550 sites in 30 states,...
NEW YORK-The rapid growth in volume and kinds of wireless telecommunications services has created a strong ripple effect on the tower site administration sector of the industry.Independent companies that develop tower sites need to be extremely patient waiting for their capital investment to pay...
US MobilComm Inc. announced it will complete the initial phase of construction for its Boston-to-Washington corridor of 220 MHz systems this month. US MobilComm said it will begin loading viice users in New York City this month and will begin loading in Philadelphia, Baltimore...
