Regional wireless operator SunCom Wireless Holdings Inc. has reached an agreement with its bondholders to reduce its debt, and also hired a company to advise it on its options, including a possible sale. SunCom's stock was de-listed from the New York Stock Exchange in...
Tower marketing and licensing firm KGI Wireless Inc. added 363 tower sites from Time Warner Cable to its portfolio, pushing its count of managed sites to more than 7,000.Earlier this year, KGI snagged a multi-year deal to manage Alltel Corp.'s 3,000 wireless tower sites,...
BOCA RATON, Fla.-Global Towers Partners dashed speculation in the media indicating that the privately owned tower company is for sale. The company's chief executive officer, Marc Ganzi, stated in an e-mail, "The stories of our impending sale for $1.5 billion were wildly false and...
BOCA RATON, Fla.—Global Towers Partners dashed speculation in the media indicating that the privately owned tower company is for sale. The company’s chief executive, Marc Ganzi, stated in an e-mail, "The stories of our impending sale for $1.5 billion were wildly false and exaggerated....
BOCA RATON, Fla.-Global Tower Partners may be the next tower company to get swallowed up as the industry's giants fight over who will be king of the mountain. Global Tower Partners is owned by Blackstone Group LP, and, according to media reports, the buyout...
BOCA RATON, Fla.—Global Tower Partners may be the next tower company to get swallowed up as the industry’s giants fight over who will be king of the mountain. Global Tower Partners is owned by Blackstone Group LP, and, according to media reports, the buyout...
Crown Castle International Corp.'s $5.8 billion acquisition last week of Global Signal Inc. not only altered the tower industry's leadership position, but could spark another round of consolidation among industry players, with SBA Communications Corp. seen as the next likely target. Raymond James &...
HOUSTON—In the world of tower companies, where size definitely matters, No. 1 has just been usurped. Crown Castle International has skipped ahead of American Tower Corp.—the nation’s largest tower company—by buying Global Signal Inc. The deal, valued at $5.8 billion, will form a new...
WASHINGTON-Designated entities accounted for a historically low percentage of the government's multibillion-dollar take in the recently completed advanced wireless services auction, even though they made up more than half of the winning bidders. Indeed, an independent panel of the Small Business Administration recommended that...
NASHVILLE, Tenn.-The Wireless Infrastructure Association's annual convention began with the launch of a new a new forum that says its mission is to promote the understanding, acceptance and deployment of distributed antenna systems. DAS usage is gaining ground as a way to propagate RF...
SOUTH BEND, Ind.—Horvath Communications Inc. sold 79 towers in Midwestern and eastern metropolitan markets to HC Acquisition L.L.C., a subsidiary or SBA Communications Corp. Horvath said it still owns several facilities and has plans to build more than 100 towers by the end of...
BOCA RATON, Fla.-SBA Communications Corp., the nation's fourth-largest tower owner, posted second-quarter losses of $75.6 million despite increased revenues of $87.4 million. Last year in the same quarter the company recorded $63.2 million in revenues and a loss of $26.2 million. The company said...
BOCA RATON, Fla.—SBA Communications Corp., the nation’s fourth-largest tower owner, posted second-quarter losses of $75.6 million despite increased revenues of $87.4 million. Last year in the same quarter the company recorded $63.2 million in revenues and a loss of $26.2 million. The company said...
If it seems like the tower industry has been taken over by giants, consider that first and foremost, towers are real estate. Thus, the game is not necessarily played according to volume. Rather, the value of any given tower depends in large part on...
LOMABARD, Ill.-Startup tower company Central States Tower Holdings L.L.C. said it picked up $30 million during its first round of equity financing through Sweetwater Capital and Merchants Capital Partners L.P. The company says it plans to use the funds to develop 150 towers in...
LOMABARD, Ill.—Startup tower company Central States Tower Holdings L.L.C. said it picked up $30 million during its first round of equity financing through Sweetwater Capital and Merchants Capital Partners L.P. The company says it plans to use the funds to develop 150 towers in...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Click here for wireless ratings from past weeks from RCR Wireless News.CarrierRBC Capital Markets increased its price target on Sprint Nextel Corp. from $28 to...
SBA Communications Corp., the nation's fifth-largest tower company, is offering $1 billion to acquire AAT Communications Corp., the nation's sixth-largest tower company.SBA said it will pick up AAT's 1,855 owned tower sites along with an additional 250 revenue-producing managed sites in 44 different states....
BOCA RATON, Fla.—SBA Communications Corp., the nation’s fifth-largest tower company, is offering $1 billion to acquire AAT Communications Corp., the nation’s sixth-largest tower company. SBA said it will pick up AAT’s 1,855 owned tower sites along with an additional 250 revenue-producing managed sites in...
Tower circles are buzzing with speculation as to who will walk off with AAT Communications Corp. and its 1,900 or so towers, in effect pushing aside fourth-quarter results from Crown Castle International Corp. and American Tower Corp. that provided few surprises in the tower...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. CarriersR.W. Baird lowered its estimates on Sprint Nextel, noting the company missed the firm’s expectations on postpaid customer growth. For 2006, Baird expects the company...
BOCA RATON, Fla.—SBA Communications Corp., the nation’s fifth-largest tower owner and operator, reported a fourth-quarter net loss of $32.2 million on revenue of $72.4 million. The results are a 10.5-percent increase compared to the year-ago loss of $41.8 million from revenue of $65.5 million.During...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersPrudential Equity Group lowered its price target and estimates on iPCS Inc. after the company reported first-quarter results, including revenue and ARPU results that fell...
Investors gave tower companies a thumbs up last week as plans for augmenting or expanding their facilities were greeted with a slew of new financing options. SBA Communications Corp., the nation's fifth-largest tower company, said it obtained a new $160 million credit facility. SBA...
