NEW YORK-In this year's RCR Wireless News Major Players Vendors listing, Nokia Corp. and Ericsson Inc. each moved up a notch, rising to first and second place respectively among equipment vendors that are net income leaders.Lucent Technologies Inc., which had previously topped the charts...
WASHINGTON-The Occupational Safety and Health Administration, concerned with increased tower construction fatalities and injuries, is putting the tower industry under the microscope.OSHA head Charles Jeffress is expected shortly to write tower owners and mobile phone carriers to emphasize the importance of federal workplace safety...
STOCKHOLM-L.M. Ericsson will use SpectraSite Holdings Inc.'s portfolio of towers, rooftops and land sites to expand its network in anticipation of third-generation wireless services in the United States and Europe, the companies said.SpectraSite said it will finance the construction and retain the ownership of...
LAS VEGAS-The once-sleepy tower industry revealed its flashier side last week at the third annual 2000 Tower Summit and Trade Show here, as industry executives touted the growing demand for towers and tower sites courtesy of fixed-wireless and third-generation services, and financial analysts promoted...
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,"...
SAN JUAN CAPISTRANO, Calif.-Shorecliff Communications Inc. announced the finalists for the Tower and Site Development Industry's Annual Excellence in Business Awards, to be given out at a dinner and ceremony Oct. 30 at the Paris Hotel & Casino in Las Vegas in conjunction with...
SpectraSite Communications Inc. snagged a major contract with one of the nation's top wireless carriers, entering an agreement to lease 3,900 communication towers from SBC Communications Inc. and build 800 new towers for SBC under a five-year build-to-suit agreement, for a total of 4,700...
CARY, N.C.-SpectraSite Holdings Inc. reported significantly increased revenues for the second quarter ended June 30 of $77.8 million, compared with $14.4 million reported for the same time the previous year.SpectraSite had a net loss of $38.4 million, or 31 cents per share, compared with...
NEW YORK-Concourse Communications Group L.L.C., Mineola, N.Y., is on a mission to turn the problem of poor reception inside public facilities into a business opportunity that will benefit wireless carriers and their customers.Last week, Concourse announced a two-year strategic alliance with LGC Wireless of...
DUBLIN, Ireland-Utility companies across Europe are entering the mobile communications business, hoping to simultaneously grab a slice of an extremely lucrative market and diversify their operations. But analysts are undecided on whether the companies have the requisite technical expertise or resources to effectively compete...
NEW YORK-Moody's Investors Service assigned a B3 rating to SpectraSite Holdings Inc. for its pending issue of senior notes and senior discount notes due 2010 with estimated gross proceeds of $400 million.Moody's also assigned a B3 rating to SpectraSite's 12-percent senior discount notes due...
CARY, N.C.-SpectraSite Communications Inc. signed a definitive agreement with AirTouch Cellular, obtaining rights to about 430 towers in Southern California through a master sublease agreement valued at $155 million. SpectraSite also will enter a three-year exclusive build-to-suit agreement with AirTouch in the area."This acquisition...
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...
SpectraSite Holdings Inc. last week signed a definitive agreement to acquire property management firm Apex Site Management Inc.The stock-for-stock transaction, which is expected to close by the end of the year, is valued at $60 million.Terms of the agreement call for Apex to become...
Lucent Technologies Inc. charged ahead during the first half of the year, recording a substantial jump in profit growth and edging ahead of Nokia Corp. as the major players' leader in net income for the first half of the year.Profit leadersLucent displaced Alcatel as...
LAS VEGAS-The agreement between Crown Castle International Corp. and GTE Corp. by many accounts eliminated the last major carrier tower portfolio on the market and capped off a year of massive and frenzied consolidation of tower assets into a handful of increasingly large hands.Several...
Tower companies late last week made several announcements: Nextel Communications Inc. signed a master lease agreement with Crown Castle International Corp. to collocate on 1,264 wireless sites owned by Crown Castle in the United States. The agreement represents annualized leasing revenue for Crown Castle...
The wireless industry had only just begun to discuss the idea of purchase leaseback arrangements last year when SpectraSite Communications Inc. forged the first such deal.The company in August 1998 agreed to buy 47 towers from personal communications services carrier Airadigm Communications Inc. and...
Following is a summary of the finalists for the tower industry Excellence in Business Awards sponsored by RCR and Shorecliff Communications Inc. Winners will be announced at the 1999 Tower Summit & Trade Show Nov. 8 in Las Vegas.Most Innovative Collocation Solution Crown Castle...
Tower company SpectraSite Communications Inc. last week began the process of shedding its in-house site acquisition and zoning capabilities.Stephen Clark, chairman and chief executive officer of the company, told RCR the company has decided to concentrate on its core strengths, which include construction, tower...
CARY, N.C.-SpectraSite Holdings Inc. said it completed its acquisition of Vancouver, Wash.-based Westower Corp., a communications tower development and construction firm.Under terms of the transaction, 1.81 shares of SpectraSite common stock were exchanged for each outstanding share of Westower stock, said SpectraSite.Morgan Stanley Dean...
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...
In addition to adding towers to their portfolios, tower management companies also have started to bring wireless construction capabilities in-house in an effort to offer their carrier customers one-stop shopping.SpectraSite Holdings Inc., which recently secured a purchase lease-back and build-to-suit arrangement with Nextel Communications...
MCLEAN, Va.-SpectraSite Communications Inc. and Nextel Communications Inc. announced an agreement under which SpectraSite will purchase 2,000 Nextel towers and build 1,700 more for $560 million in cash. Nextel, for its part, negotiated an 18-percent ownership interest in SpectraSite.SpectraSite said it intends to build...
