(BLOOMBERG NEWS Wireless Communications Tower Operator Buyss a Rival The SBA Communications Corporation, an operator of wireless communications towers, said yesterday that it had agreed to buy a rival, the AAT Communications Corporation, in a cash and stock deal valued at $1 billion to broaden its ownership of cellphone towers.
Global Tower last month agreed to acquire 563 wireless communications towers from the Dobson Communications Corporation, almost doubling the company's total.
Crown Castle International, a provider of communication sites and wireless network services, said yesterday that its Crown Castle Australia unit had agreed to buy 700 wireless communications towers from Cable and Wireless Optus of Australia for $135 million.
AMERICAN TOWER CORP., Boston, an operator of wireless communications towers, said it would report a loss for the fourth quarter and the year and that it would shed its Verestar unit.
SpectraSite Holdings, a company that builds, manages and leases wireless communications towers in major cities across the nation, agreed to acquire the leasing rights for 3,900 towers from SBC Communications for roughly $1.3 billion.
CROWN CASTLE INTERNATIONAL, Houston, an operator of wireless communications towers, said it planned to cut about 250 jobs, or about 13percentt of its work force, and close some offices to pare annual expenses by $11 million to $14 million.
SpectraSite Communications, an owner and operator of wireless-communications towers, will buy closely held Lodestar Towers for $170 million in cash to expand its Florida and California operations.
GLOBAL SIGNAL INC., Sarasota, Fla., a real estate investment trust that owns wireless-communications towers, said it would buy 169 towers from Triton PCS Holdings Inc., Berwyn, Pa., for $55.1 million.
AMERICAN TOWER CORP., Boston, an owner of broadcast and wireless-communications towers, has agreed to buy General Telecom, New York, a telephone switching company, for $30 million.
The American Tower Corporation, an operator of about 14,000 wireless communications and broadcasting towers in North America, said today that losses for the second quarter and the year would be larger than expected because of lower revenue at its Verestar unit.
