iHeartMedia today announced a deal to sell an undisclosed group of its radio towers to tower owner Vertical Bridge for up to $400 million. The broadcaster will continue to use the towers in a lease arrangement after the purchase closes, which is expected in the first quarter of 2015. iHeartMedia says the sale will help optimize its balance sheet and maximize …
AT&T construction and engineering chief reportedly taking Goodman Networks’ COO job
Update: December 5, 2014 – Goodman Networks has announced that Ernie Carey will take the helm of the design, engineering, construction and deployment firm’s operations as its chief operating officer. In a press release, Ron Hill, Goodman Networks’ CEO said, “Throughout his long telecommunications industry career, Carey has successfully managed a variety of vast and complex systems and networks, including responsibility for …
Analyst accuses American Tower of possible fraud as Wall Street falls in love with SBA
Update: July 18, 2013 – American Tower Corporation President and CEO James Taiclet, Jr. told CNBC Mad Money’s Jim Cramer last night that he wanted to set the record straight, stating that the Muddy Waters report writer didn’t fully understand the way in which the company funded its Brazilian transaction and they filed a report with the SEC identifying that the …
