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Spectrasite Holdings Inc

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August 29, 2000 | Reuters
SpectraSite Holdings Inc. said it would pay local telephone company SBC Communications $1.3 billion for lease rights to 3,900 wireless communications towers, giving SpectraSite the largest tower portfolio in the top 50 U.S. markets. The deal comes as telecommunications companies shift the high cost of building and maintaining wireless communications towers to specialists. SpectraSite forged a similar pact with wireless telephone carrier Nextel Communications Inc. last year.
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BUSINESS
May 5, 2005 | From Associated Press
American Tower Corp. agreed Wednesday to acquire rival SpectraSite Inc. for $3.1 billion in a deal to create a network of 22,600 wireless and broadcast towers and accelerate consolidation in the tower industry. The stock transaction follows a string of mergers among wireless carriers that lease tower space and are seeking additional signal capacity to move beyond voice services as more consumers use cellphones to download video content and play games.
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BUSINESS
May 5, 2005 | From Associated Press
American Tower Corp. agreed Wednesday to acquire rival SpectraSite Inc. for $3.1 billion in a deal to create a network of 22,600 wireless and broadcast towers and accelerate consolidation in the tower industry. The stock transaction follows a string of mergers among wireless carriers that lease tower space and are seeking additional signal capacity to move beyond voice services as more consumers use cellphones to download video content and play games.
BUSINESS
August 29, 2000 | Reuters
SpectraSite Holdings Inc. said it would pay local telephone company SBC Communications $1.3 billion for lease rights to 3,900 wireless communications towers, giving SpectraSite the largest tower portfolio in the top 50 U.S. markets. The deal comes as telecommunications companies shift the high cost of building and maintaining wireless communications towers to specialists. SpectraSite forged a similar pact with wireless telephone carrier Nextel Communications Inc. last year.
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