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PCIA news: 2 East Coast acquisitions RCR Wireless News 10/4/11 Share    
The PCIA 2011 Wireless Infrastructure Show has already yielded two acquisition announcements, each linking a Maryland company to a North Carolina company. Network Building & Consulting LLC of Hanover, Maryland is buying IETS Engineering Services of Charlotte, N.C. The new entity will be named "NB&C Engineering Services." Founded in 1984, Network Building & Consulting develops new wireless communication facilities and retrofits existing facilities. Customers include Verizon Wireless, AT&T Mobility, T-Mobile, Sprint, Comcast, Crown Castle, and American Tower. IETS, founded in 1977, provides architectural and engineering services to the tower and wireless industries. More
Wireless Infrastructure Show News: Tower players confident in current financial positions RCR Wireless News 10/5/11 Share
The current waves impacting the financial markets have not gone unnoticed by the tower industry, though many in the space seem to think their ship is water tight enough to handle whatever investors can throw at it. Speaking during a session at this week's 2011 Wireless Infrastructure Show, executives from the domestic market's tower companies expressed confidence that despite certain similarities to the economic downturn that hit hard in 2008 and 2009, they are in a much better position to ride out the current swells. More
Sprint executive credits Ericsson with company's ability to handle data traffic growth FierceWireless 10/4/11 12:12 p.m. EST Share
Sprint Nextel is able to handle the overwhelming uptick in mobile data traffic and keep providing its smartphones customers with unlimited broadband data service thanks to the company's network management deal with Ericsson. Speaking at the PCIA 2011 Wireless Infrastructure Show in Dallas, Sprint senior vice president of networks, Bob Azzi, told the crowd that the company was better equipped to respond to the network capacity demands of smartphone users and stay ahead of the growth curve because it had infrastructure giant Ericsson managing its network. More
American Tower sells $500 million of debt as acquisitions rise Bloomberg 10/3/11 2:52 p.m. CST Share
American Tower Corp., the company that leases wireless communications tower space to customers including AT&T Inc. and Sprint Nextel Corp., sold $500 million of debt to finance acquisitions from South America to Africa. The company issued 5.9 percent, 10-year debt to yield 412.5 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg. Proceeds may finance property interests in 1,800 U.S. communications sites, towers under an agreement with Colombia Movil SA and takeovers in the U.S., Latin America and Africa, Boston-based American Tower said in a regulatory filing. More Base station shipments to jump 14 percent in 2011 FierceWireless 10/4/11 10:33 a.m. EST Share
Worldwide shipments of mobile base stations will increase 14 percent in 2011 despite continued sluggishness in the global economy, according to a new report from ABI Research, indicating that carriers will continue to try and keep up with surging data demands. More
Super Bowl prompting more bandwidth for stadium The Associated Press via Chicago Tribune 10/3/11 11:10 a.m. CST Share
Cellphone companies have started working to expand the data bandwidth for wireless devices that will be available around Lucas Oil Stadium ahead of February's Super Bowl. The project is needed because of the increased bandwidth demand expected at the stadium, where those attending major events now have trouble getting cellphone signals. More
Over a third of Android phones in the US are 4G-enabled Digital Trends 10/1/11 Share
With faster download speeds finally becoming available on most major mobile carriers, Android smartphones seem to be keeping up with the technology and providing fast 4G speeds. In a study conducted by research firm Localytics, nearly 37 percent of all Android smartphones are now 4G-enabled. More
Tower Cloud rakes in $49 million in funding, expands Atlanta backhaul network FierceTelecom 10/4/11 10:16 a.m. EST Share
Tower Cloud, one of the emerging wireless backhaul specialist providers, will now be able flex its reach further with another $49 million of funding in its pocket. Led by two of its existing investors - The Burton Partnership and Knology, Inc. - the wholesale provider will use the latest funding round to expand into new markets throughout Florida, Georgia, South Carolina, and Alabama. More |
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