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,"...
BOCA RATON, Fla.-SBA Communications Corp., an independent owner and operator of wireless communications infrastructure, reported an increase in its tower portfolio by 309 towers to 1,660 total towers during the company's second quarter.SBA noted that of the 309 towers added, 217 were newly built...
SignalSoftSteven Adams was appointed vice president of operations for SignalSoft Corp., a developer of wireless location services. Adams will oversee product deployment and installation, product technical support and customer training for all geographic areas, including North America, South America, Europe and Asia Pacific. Prior...
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...
WASHINGTON-The National Institute for Occupational Safety and Health said injuries and fatalities from workers falling from wireless towers are occurring at a substantially greater rate than in other U.S. industries."The cost of a phone call should not be a worker's life," said NIOSH Director...
Chadmoore Wireless Group Inc. reported more than 40,000 subscribers had signed up for the company's wireless communications service as of March 31, an increase of 43 percent from the same period last year.Cellular antenna systems provider Metawave Communications Corp. announced the initial public offering...
BOCA RATON, Fla.-SBA Communications Corp. reported in the first quarter it increased its tower portfolio by 188 towers to 1,351 total towers. Of the 188 towers added, 112 were newly built and 76 were acquisitions of existing towers costing approximately $30.3 million.As of March...
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...
BOCA RATON, Fla.-SBA Communications Corp. said it signed an exclusive agreement with Georgia PCS Management L.L.C. to provide site acquisition, development, collocation, build-to-suit and equipment installation services.Georgia PCS is a Sprint PCS Network member, managing certain Sprint markets in Georgia.The agreement could include up...
With a portfolio of nearly 1,000 towers, SBA Communications Corp. is among the top five public tower companies in the United States, and yet it is a small player among giants.In an industry where large transactions with thousands of towers changing hands have become...
BOCA RATON, Fla.-SBA Communications Corp. entered a definitive agreement to acquire 56 wireless towers from Horizon Telecom Inc.The agreement also calls for SBA to provide exclusive site acquisition, development, collocation, build-to-suit and equipment installation services in selected regions for Horizon Personal Communications and its...
NEW YORK-Heading into a scorcher of an Independence Day holiday, American stock markets closed in record-setting territory, thereby heating up the prospects for wireless sector companies seeking financing during the second half of 1999.By now it is a cliche to say that Alan Greenspan,...
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...
NEW YORK-SBA Communications Corp., a Boca Raton, Fla., owner of wireless communications towers, plans to go public in June via an offering of 11.54 million shares in an expected price range of $12 to $14 each.Lehman Brothers Inc., New York, is lead underwriter of...
WASHINGTON-Rural America may be left out of the re-auction of personal communications services licenses. At the end of round six on Thursday, 37 percent of the C-block licenses had not received any bids.Information provided by the Federal Communications Commission shows these 128 markets had...
The clock is ticking away for Leap Wireless International Inc. as it awaits Federal Communications Commission approval to bid in the reauction of C-block personal communications services spectrum.Five entities have filed comments or petitions to deny with the FCC protesting Leap's desire to qualify...
NEW YORK-The current public capital crunch has slowed dramatically the buildout of some domestic wireless networks, but it hasn't changed the positive prospects for the wireless tower industry."We think there have been about 1,600 towers (total) awarded (by carriers) under build-to-suit contracts in the...
INTERDIGITALGerard Pepenella was hired by InterDigital Communications Corp. as vice president and general manager of broadband Code Division Multiple Access technology. He will collaborate with Gary Lomp, chief technology officer, on growth and enhancement of the company's technology and products. Pepenella joined InterDigital with...
Topp Telecom Inc.'s TracFone prepaid cellular phones now can be purchased in 7-Eleven stores in Phila-delphia and southern New Jersey.Charles Fortner, president of Island Page, was recognized last week by Vice President Al Gore as the National SBA Young Entrepreneur of the Year, said...
A new niche segment of the wireless industry-build-to-suit-is attracting a lot of attention, both from carriers and Wall Street.The idea behind the build-to-suit concept is to shift all aspects of tower siting-including zoning, construction and maintenance-to a third party. Carriers, increasingly burdened with competitive...
WASHINGTON-No one was more surprised at the eventual outcome of the most recent Federal Communications Commission spectrum auction as was Thomas Jones, president of WNP Communications Inc., who walked away with the right to build in 30 of the top 50 markets.Auction 17, which...
BOCA RATON, Fla.-SBA Communications Corp., a developer of build-to-suit wireless antenna sites, closed on the sale of $269 million in principal amount of 12-percent senior discount notes to mature in 2008, generating gross proceeds of $150 million.Proceeds of the sale, which was underwritten by...
Western Wireless Corp. filed a complaint against GTE Hawaiian Telephone Co. Inc. seeking an order compelling GTE to implement arbitrated interconnection agreement rates between the companies.Gene DeJordy, director of regulatory affairs for Western Wireless, said following the passage of the Telecommunications Act of 1996,...
NEW YORK-Venture capital-backed investments during the first quarter of 1997 totaled $2.3 billion, up 5 percent compared with the same period last year, according to Price Waterhouse L.L.P.'s National Venture Capital Survey, released May 22. Venture capital investments, excluding buy-outs and initial public offerings,...
