At long last, the tower deal causing months of speculation is etched on the record books. Global Signal Inc. has won the exclusive rights to lease or operate more than 6,600 towers from Sprint PCS for 32 years, sending Global's share price up 7.2...
The top two tower operators, Crown Castle International and American Tower Corp., plan to make non-cash adjustments to their financial statements in light of a Feb. 7 Securities and Exchange Commission letter. The two operators plan to release their quarterly results March 9.Crown Castle...
Sprint PCS tower assets are creating industry buzz again as the carrier affirmed it is talking with potential buyers. With its 6,200 towers up for sale, Sprint seems poised to get enough money to fund its merger with Nextel Communications Inc. and other technology...
With carriers focusing on network efficiency, tower companies are not expected to yield any immediate benefits from the anticipated merger between Sprint PCS and Nextel Communications Inc., according to analysts. In a few years, however, SpectraSite Inc. may reap some financial gains if and...
The world's two most popular consumer electronics devices may soon be combined into one-the mobile TV phone. Behold. Although one is designed for sedentary, passive entertainment and the other for portable, two-way interactions, technology companies the world over are scurrying to build devices that...
Crown Castle International Corp. said it purchased Verizon Wireless' 37.3-percent interest in their Crown Atlantic Joint Venture for $295 million, including $15 million of net working capital. The venture included 2,019 towers and has $180 million outstanding under its senior credit facility. Following the...
Crown Castle International Corp. said it purchased Verizon Wireless' 37.3-percent interest in their Crown Atlantic Joint Venture for $295 million, inclusive of approximately $15 million of net working capital. The venture included 2,019 towers and has $180 million outstanding under its senior credit facility.Following...
Nokia Corp. and U.S. tower firm Crown Castle International Corp. have partnered to bring video services to U.S. mobile users, the companies said Tuesday. In October, the team launched digital video broadcast for handsets (DVB-H) trials in Pittsburgh, transmitting television-type content to mobile devices....
Wireless tower owners continue to gain steam, as reflected in third-quarter financial results released last week by Crown Castle International Corp., Global Signal Inc., American Tower Corp. and SBA Communications Corp. Crown Castle's solid third-quarter earnings included site-rental revenues that reached $134 million, up...
Crown Castle International Corp. posted solid third-quarter earnings results this week.Site rental revenues reached $134 million, up 11.6 percent from a year ago. U.S. site rental revenue alone made up $125.3 million of that, up 10.5 percent from the same period in 2003.Operating income...
Sprint Corp. Chairman and Chief Executive Officer Gary Forsee said last week that the company's highly anticipated sale of its more than 6,200 wireless towers could be completed by the end of this year, and that the company was moving aggressively on its deployment...
Sprint Corp. Chairman and Chief Executive Officer Gary Forsee said the company's highly anticipated sale of its more than 6,200 wireless towers could be completed by the end of this year and that the company is moving aggressively on its deployment of high-speed wireless...
Jay Kitchen, president and chief executive officer of PCIA, plans to retire from the industry trade group he has led for 10 years.Kitchen expects to stay with the group for a year to head up a transition team that will name his successor. "We...
HOUSTON-Crown Castle International Corp. has commenced cash tender offers for $205.6 million of its outstanding 9.375-percent senior notes due 2011, $216.4 million of its outstanding 10.75-percent senior notes due 2011, $151.4 million of its outstanding 7.5-percent senior notes due 2013, and $151.4 million of...
Jay Kitchen, president and chief executive officer of PCIA, will retire, according to a release issued today by the wireless tower industry trade organization.Kitchen will stay with the group for a year to head up a transition team that will eventually name his successor....
As expected, Crown Castle International Corp. completed the sale of its U.K. subsidiary, including 3,600 tower sites, to British utility company National Grid Transco plc for $2.035 billion in cash. Upon completion, Crown used $1.3 billion of the proceeds from the transaction to fully...
As expected, Crown Castle International Corp. today completed the sale of its U.K. subsidiary, including 3,600 tower sites, to British utility company National Grid Transco plc for $2.035 billion in cash. Upon completion, Crown used $1.3 billion of the proceeds from the transaction to...
HOUSTON-Crown Castle International Corp. said it expects to complete the previously announced sale of its U.K. subsidiary Aug. 31.Crown said in June it would sell the division to U.K. utility company National Grid Transco plc for $2.035 billion in cash to strengthen its focus...
Change has been afoot in the wireless tower industry. In the past 18 months, two of the industry's five public players have gone through bankruptcy and returned, businesses have been divested and restructured, and stock valuations have fallen and risen like the tides. Meanwhile,...
Four of the five publicly traded wireless communications tower firms reinforced notions that this year would be a better one for the sector in their second-quarter 2004 financial results, released last week.In addition to its improved second-quarter results, SpectraSite Inc. announced the search is...
Global Signal Inc. will acquire 235 wireless communications towers from private tower venture Lattice Communications L.L.C. for $115 million.The towers are primarily located in Indiana, Ohio, Alabama, Kansas and Georgia. The towers' tenants include the top six wireless carriers and subsidiaries of Cinergy Corp.,...
Two tower companies, SpectraSite Inc. and Crown Castle International Corp., reported improved quarterly financials.SpectraSite reported improved second-quarter financial results and announced the search is on for a new chief financial officer.The company said revenues reached $87.4 million, up from $77.6 million from the second...
Sprint Corp.'s often-rumored plans to sell its significant tower holdings could be getting closer to a reality as the company reported during its second-quarter conference call that it was exploring strategic initiatives for its approximately 6,300 cellular towers. Analysts estimate the towers could be...
Sprint Corp.'s often rumored plans to sell off its significant tower holdings could be getting closer to a reality as the company reported during its second-quarter conference call that it is exploring strategic initiatives for its approximately 6,300 cellular towers that analysts noted could...
