The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Credit Suisse First Boston lowered its estimates and price target on AT&T on mixed news coming from the company. The new price target is $34,...
On the surface, the 9th U.S. Circuit Court of Appeals' decision to reverse a three-judge panel and hand San Diego County a surprise victory over Sprint Nextel Corp. is just another in a series of conflicting court rulings on antenna siting. But legal wrangling...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--RBC Capital Markets raised its price target on Leap Wireless to $49 from $45 after the carrier reported strong second-quarter subscriber growth. R.W. Baird lowered...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors --R.W. Baird lowered its estimates on Alcatel-Lucent after the company reported in-line results and maintained guidance. The lowered EPS estimates reflect expected...
The tower industry was busy last week with Sprint Nextel Corp. announcing the sale of 3,300 towers to TowerCo L.L.C. for $670 million and tower giant SBA acquiring a pair of smaller players. Sprint Nextel said the sale of its towers to TowerCo provides...
Sprint Nextel Corp. sold its 3,300 towers to TowerCo L.L.C. for $670 million, a move that provides the carrier with some cash and relieves it of the business of owning and managing the towers.The companies expect the deal to close in 90 days.The agreement...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Standard & Poor's Ratings Services upgraded MetroPCS to B from B- with a stable outlook. "The upgrade reflects the company's improving financial leverage," said Standard...
SBA Communications Corp. is in the mood to shop. The company announced today it will acquire Light Tower Wireless L.L.C., the wireless infrastructure branch of Light Tower L.L.C. The purchase comes with Light Tower's 340 tower sites in 23 states, five managed sites and...
SBA Communications Corp. said it will acquire tower company Optasite Holding Company Inc. in a stock-and-cash deal worth roughly $430 million.SBA, which owns and operates towers for AT&T Mobility and Verizon Wireless, said it will issue Optasite sellers 7.25 million shares of SBA common...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Credit Suisse First Boston reduced its estimates on AT&T, saying the risks that it predicted in its telecom sector downgrade in February are beginning to...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--R.W. Baird raised its 2009 EPS estimate on Verizon to $2.97 from $2.89 on news of the company's pending acquisition of Alltel. Standard & Poor's...
The companies listed below represent the largest independent national and regional tower companies in the United States. Also included below are the nation's major wireless carriers and their tower portfolios.
American Tower scored the top spot as the nation's No. 1 tower company, counting more...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Lehman Brothers lowered its estimates on Virgin Mobile USA to 39 cents from 46 cents for 2008 after the company reported in-line first-quarter results.--Standard &...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Standard & Poor's Ratings Services assigned its A rating to AT&T's 6.125% global notes due 2015. The ratings reflect the company's strong position in the...
SBA Communications Corp. said it will spend up to $193.5 million for as many as 430 towers in the United States from TowerCo L.L.C. SBA said it will use cash on hand as well as drawing on its existing $335 million line of credit...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Standard & Poor's Ratings Services placed the ratings of Leap Wireless International on CreditWatch with negative implications after the company said it plans to...
Crown Castle International Corp. reported growth in site rental revenues, although its losses widened year-over-year.The company's results included those of Global Signal Inc., which Crown Castle acquired earlier this year.On a pro forma basis, site rental revenues jumped 7.3% year-over-year. The company's total figures...
With the wireless sector the most competitive in the telecom industry, it is hard to imagine that company executives can simultaneously beat each other's brains out in the marketplace and work in harmony on issues of common interest. But they do for the most...
PHILADELPHIA-A three-judge appellate panel hinted the Federal Communications Commission's small-business bidding rules could be on shaky legal ground, but seemed hesitant about throwing out results of last year's $13.7 billion advanced wireless services auction.Council Tree Communications Inc., Bethel Native Corp. and the Minority...
Tower vendor SBA Communications Corp. reported a wider net loss for the first quarter while revenues improved.The company reported total revenues of $95.8 million, up 39.2% from revenues of $68.8 million during the same period last year. SBA said its net loss increased from...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Credit Suisse First Boston lowered its 2007 EPS estimate on Sprint Nextel Corp. to 82 cents from 86 cents after the company reported fourth-quarter...
T-Mobile USA Inc. indicated that it is interested in selling anywhere from 3,500 to 5,000 of its towers in the United States-a sale that could bring upwards of $1 billion to the No. 4 carrier as it continues its plans to deploy 3G services...
The tower industry is sitting pretty these days. And, all things considered, the future couldn't look brighter for The Big Three: Crown Castle International Corp., American Tower Corp. and of SBA Communications Corp. Gone are days of flimsy business models and living on the...
Tower company SBA Communications Corp. reported improvements in both revenues and net loss for the fourth quarter.The company reported total revenues for the quarter of $96.8 million, up 33.6 percent from $72.4 million during the same period last year. Analysts had predicted revenues of...
