Consolidation in the wireless infrastructure services space continued this week with MasTec’s purchase of WesTower Communications. Florida-based MasTec said it paid $199 million in cash, or about .45-times projected 2014 revenue, for 100% of WesTower’s equity. Since 2011, WesTower had been owned by Canada’s...
Crown Castle buys fiber assets
Crown Castle has acquired roughly 800 miles of fiber in Maryland, northern Virginia and Delaware through the purchase of 24/7 Mid-Atlantic Network. Analyst Jennifer Fritzsche of Wells Fargo notes that the tower giant has previously expressed interest in operating its...
There may be a light at the end of the tunnel for contractors who have been forced to cut workers due to AT&T's infrastructure spending slow down. Analysts and contractors are saying that they expect the nation's second largest carrier to pick up the...
Another AT&T contractor has been forced to lay off workers, as the carrier takes a break from some of its wireless infrastructure projects. Velocitel, which does tower site work for AT&T in Oregon, reportedly had to release 25 of its roughly 85 Portland employees....
As the wireless industry comes of age, upgrades are necessary to keep existing, legacy infrastructure in working order and compatible with emerging wireless communications technologies. Those upgrades and enhancements start with the very foundation of wireless communication, wireless tower sites.Physical tower upgrades occur mainly...
CARY, N.C.-SpectraSite Communications Inc., the operating arm of bankrupt SpectraSite Holdings Inc., said its WesTower Corp. subsidiary has completed the previously announced sale of SpectraSite's wireless network services division.The assets were sold to WesTower L.L.C., an investment vehicle owned by members of the service...
CARY, N.C.-SpectraSite Communications Inc., operating subsidiary of bankrupt SpectraSite Holding Inc., said it will sell its wireless network services division to its subsidiary WesTower Corp.SpectraSite acquired the network services division in 1999 to complement its build-to-suit contracts, and is now selling it to focus...
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...
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...
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...
VANCOUVER, Wash.-WesTower Corp. announced a build-to-suit agreement with Houston Cellular Telephone Co. WesTower will build a portion of Houston Cellular's towers in the Houston area in 1999 and 2000 under the agreement.
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...
Global information technology spending will increase at a 10-percent compound annual growth rate from $1.59 trillion last year to $2.62 trillion in 2002, according to a study from Killen & Associates, a market research firm. "The continuing economic and currency crises in Asia, unresolved...
VANCOUVER, Wash.-Wireless tower builder and owner Westower Corp. last week acquired privately-held MJA Communications Corp. for $10 million in stock.The acquisition of the Palm Beach Gardens, Fla.-based tower-construction company will extend Westower's construction business to the Mid-Atlantic and Southeastern regions of the country, add...
