AeroSolutions L.L.C. has found its niche in the oft-neglected wireless tower infrastructure industry. The company said it is being discovered by bigger players that increasingly rely on its expertise to forge their own successes in the wireless business.Steel tower structures physically deteriorate in the...
WASHINGTON-The Small Business Administration said late Thursday it was withdrawing from a court case that rural wireline carriers had filed against the Federal Communications Commission regarding the intermodal local number portability rules."In the settlement, the Office of Advocacy agreed to withdraw its intent to...
Wireless tower owner Global Signal Inc., formerly known as Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 per share. Shares of Global Signal, under the symbol GSL, began trading...
Wireless tower owner Global Signal Inc., formerly Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 per share. Shares of Global Signal, under the symbol GSL, began trading today, and...
WASHINGTON-The Department of Defense last week refused to say whether its inspector general is investigating a high-level official who allegedly attempted to convert a project to build a nationwide first-responder network in Iraq into a non-compete contract to provide commercial CDMA mobile-phone service throughout...
Despite increased revenues, tower companies Crown Castle International Corp. and SBA Communications Corp. reported first-quarter financials in the red, although Crown managed to shave its losses.Crown reported site rental and broadcast transmission revenue of $219.4 million, up 18.6 percent, or $34.4 million, from last...
BOCA RATON-SBA Communications Corp. late Thursday rounded out the public tower sector's first-quarter 2004 financial earnings.The company recorded revenues of $57.3 million, up from $51.7 million in last year's first quarter. Of that, site leasing revenue made up $33.9 million and site development revenues...
SpectraSite Inc. kicked off wireless tower company first-quarter earning releases this week on a positive note.The company said revenues for the first quarter were $84.6 million and operating income was $21.4 million. Net income, after expenses, was $7.1 million, or 15 cents per share,...
BOCA RATON, Fla.-SBA Communications Corp. announced it has hired a new chief financial officer. In addition to heading up financial aspects of SBA, Anthony Macaione, 40, will also serve as senior vice president. Macaione, a certified public accountant, joins from Perry Ellis International Inc.,...
HOUSTON-Crown Castle International Corp. put wireless communications tower stock traders in a frenzy this week when it offered up a concrete sign of hope for the sector by raising its earnings expectations for the full year.Crown said it now expects site rental and broadcast...
Crown Castle International Corp. put wireless communications tower stock traders in a frenzy this week when it offered up a concrete sign of hope for the sector by raising its earnings expectations for the full year.Crown said it now expects site rental and broadcast...
BOCA RATON, Fla.-SBA Communications Corp.'s Chairman of the Board of Directors Steven Bernstein plans to trade up to 1.4 million shares of SBA common stock, or 25 percent of his total beneficial ownership in the company, during a period of six months.SBA said Bernstein...
BOCA RATON, Fla.-SBA Communications Corp.'s Chairman of the Board of Directors Steven Bernstein plans to trade up to 1.4 million shares of SBA common stock, or 25 percent of his total beneficial ownership in the company, during a period of six months.SBA said Bernstein...
Wireless communication tower owners American Tower Corp., Crown Castle International Corp. and SpectraSite Inc. spoke at last week's Raymond James & Associates Inc. Institutional Investors Conference, where all three companies expressed optimism for strong tower lease-ups in 2004. American Tower said it expects industry...
CARY, N.C.-SpectraSite Communications Inc. announced it has completed the sale of its broadcast services division to Doty, Moore & Hoenninger L.L.C., an investment vehicle owned by members of the broadcast group's existing management team."The sale of our broadcast services division represents the final step...
BOCA RATON, Fla.-SBA Communications Corp. rounded out the tower company fourth-quarter 2003 earnings with mixed results, released late Thursday.Total revenues stood at $57.6 million, compared with $57.4 million a year ago. Net loss was $51.2 million, or 95 cents per share, increased from a...
NEW YORK-Tower stocks are slightly down in value despite strong earnings reports from American Tower Corp. and Crown Castle International Corp. earlier this week.Analysts from Raymond James & Associates Inc. point to Cingular Wireless L.L.C.'s suggestion yesterday that they would trim back on cell...
NEW YORK-Standard & Poor's Ratings Services raised its outlook on American Tower Corp. to positive from stable, and affirmed its "B-" corporate rating on the company.S&P said it is likely carriers will maintain or increase tower-related spending, and concern over the impact carrier consolidation...
BOCA RATON, Fla.-SBA Communications Corp. is launching a new $350 million senior secured credit facility that will consist of a $75 million revolving credit facility to mature July 2008 and a $275 million term loan to mature October 2008.SBA plans to borrow from the...
Affirmation from wireless carriers and equipment vendors, as well as industry analysts and Wall Street, is driving optimism from tower companies regarding new tower builds. Analyst firm Raymond James and Associates Inc. said its belief cell-site deployments are increasing was validated by equipment supplier...
When tight carrier capital spending forced tower companies to focus on their primary businesses, non-core assets like managed rooftop portfolios justifiably became a second priority. But as the sector rebounds, tower companies will have to decide whether to tend to those neglected assets or...
SARASOTA, Fla.-Pinnacle Towers Inc. announced it has made Ronald Bizick executive vice president of corporate development and operations. Bizick formerly served as executive vice president and chief operating officer of SBA Communications, which he joined at its inception."If you look at his history, it's...
BOCA RATON, Fla.-SBA Communications Corp. has priced an offering of $402 million aggregate principal amount at maturity of its 9.75-percent senior discount notes due 2011.SBA said it will use the $275 million in gross proceeds from the offering to repurchase up to $153.3 million...
BOCA RATON, Fla.-SBA Communications Corp. said it has commenced a cash tender offer for up to $153.3 million of its senior discount notes due 2008.The amount is 70 percent of the $219 million aggregate principal amount of notes outstanding, said the company."In each case,...
