Global Signal Inc. announced that David Grain is stepping down from his position as president of the nation's third-largest tower company. The company said its chairman and chief executive, Wesley Edens, will take on the president's title also. "We appreciate David's efforts on behalf...
SARASOTA, Fla.-Global Signal Inc., the nation's third-largest tower company, declared a fourth-quarter dividend of 50 cents per share on its common stock.The dividend payment underscores a significant financial improvement compared with the third-quarter when the company reported a net loss of $15.4 million, or...
Global Signal Inc., the nation's third-largest tower company with around 11,000 towers, reported a third-quarter net loss of $15.4 million, or 23 cents per share. The numbers are a steep decline from the company's year-ago net income of $5.3 million, or 10 cents per...
SARASOTA, Fla.-Global Signal Inc., the nation's third largest tower company with around 11,000 towers, reported a third-quarter net loss of $15.4 million, or 23 cents per share. The numbers are a steep decline from the company's year-ago net income of $5.3 million, or 10...
RESTON, Va.-Tower company Global Signal Corp. signed an agreement with Wireless Matrix Corp. and Stratos Global Corp. for 3,500 SDX 1100 wireless data terminals that Global Signal will use for remote data monitoring at its sites. The units will replace plain old telephone service...
SARASOTA, Fla.-Global Signal Inc.'s board of directors increased the company's stock dividend to 50 cents per share for the third quarter of 2005, which is an 11-percent increase from the second quarter dividend of 45 cents per share and a 33-percent increase from the...
Global Signal Inc. signed long-term master antenna site leases with USA Mobility Inc., opening the door for USA Mobility to lease space on sites owned or leased by Global Signal. Global Signal was negotiating a new lease with USA Mobility for the sites under...
As tower companies' second-quarter earnings begin to roll in, three firms posted net losses last week, but industry analysts said the companies are on the right track and most rate the stocks as strong buys. In addition, a merger proposal between two tower firms...
Following is a list of wireless companies that were cited in financial reports from investment banking and financial services firms this week.Pacific Growth Equities upgraded its rating on RF Micro Devices from equal weight to overweight on expectations of higher revenues generated by new...
Following is a roundup of ratings and financial information relating to wireless companies announced this week by banking and investment firms and financial analysts.Standard & Poor's Ratings Services withdrew its ratings on Crown Castle International Corp. including its B corporate credit rating after the...
SARASOTA, Fla.-Tower company Global Signal Inc.'s board of directors increased its cash dividend to 45 cents per common stock share for the second quarter from 40 cents per share during the first quarter. The dividend is payable July 21 to stockholders of record on...
Boston Communications Group Inc. said it will contest a class-action suit brought by some shareholders in the wake of last month's $128 million patent-infringement verdict. The new suit seeks unspecified damages against the wireless network access management and back-end services provider, claiming among other...
The following wireless companies had ratings changes or information notes from financial services and investment banking firms this week.Robert W. Baird made several changes within its telecom coverage universe following the Supercomm show this week in Chicago. In general, the firm said news out...
SARASOTA, Fla.-Global Signal Inc. filed a shelf registration statement with the Securities and Exchange Commission that calls for the company to sell up to $1 billion in debt securities, common stock, preferred stock, depositary shares or warrants.A shelf registration allows a company to file...
SARASOTA, Fla.-Global Signal Inc. said it has closed its transaction with Sprint Corp. under which it obtained the exclusive right to lease or operate 6,600 of Sprint's communications towers for 32 years.Global Signal will take over all existing collocation arrangements with tenants and can...
Following is a list of debt and financial ratings changes for wireless companies announced this week by financial firms.Merrill Lynch upgraded its view of the overall technology market from underweight to market weight, saying the firm's recent changes on the Internet and wireless sectors...
SARASOTA, Fla.-Global Signal Inc. said it has closed a previously announced underwritten public offering of common stock. The company issued and sold 6.325 million shares of common stock, including 575,000 shares as part of an overallotment option, for $30.70 per share. Net proceeds totaled...
SARASOTA, Fla.-Tower company Global Signal Inc. said it will issue 5.75 million shares of its common stock at $30.70 per share, closing May 9. Morgan Stanley and Banc of America Securities L.L.C. are representing the underwriters.The company's stock was up slightly on the news...
Adobe Systems Inc. said it will acquire Macromedia in an all-stock transaction valued at around $3.4 billion. Macromedia sells a scaled-down version of its Flash player for mobile phones, technology that can display simple graphics and animations. As for Adobe, the company and other...
Clearinghouse vendor NeuStar Inc. filed plans for a $690 million initial public offering last week, a further sign that the financial drought of the past few years is slowly washing away. Indeed, companies across the economic spectrum are seeing the light at the end...
Tower company SpectraSite Inc. said it lost $1.8 million in the fourth quarter, as part of its results for the period and full year. The company also revised its 2005 outlook. In 2004, the company said it achieved record revenues and net cash provided...
Global Signal Inc. said it recorded a fourth-quarter income of $4.1 million, amounting to a 34.4-percent leap over the same period in 2003 when it had a net income of $3.1 million.These figures give its shareholders 8 cents per share for the quarter compared...
NEW YORK-Once again, the tower operators are postponing their earnings releases for the fourth quarter. The major players, American Tower Corp., Crown Castle International and Global Signal Inc., said they are still reviewing their accounts.Others like SBA Communications and SpectraSite have not released their...
American Tower Corp. said it will restate its previously issued financial statements for periods ending on or prior to Sept. 30 last year. It will affect the three-year period ended Dec. 31, 2003, and the first three fiscal quarters of 2004. The review comes...
