American Tower Corporation stood behind a New Jersey construction manager who used a creative approach to comply with an AT&T program manager’s directive on a new monopole cell site’s location, while suffering with hurt feelings, and was awarded $132 million by a Sloatsburg, Tex. jury today. In a statement issued by the Boston-based tower owner following the verdict, the company said, …
Competitive spirit can be cutthroat in leasehold ground wars of towercos
Although the nation’s major tower owners present a public face of spirited friendly competition and collective initiatives to ensure worker safety, when it comes to protecting their interests it can be a no holds barred battle between them to keep their most valuable assets, their long-term leases. One clash got so nasty that the counter-complainant wanted a leasehold aggregator’s executives …
ATC leads slightly over Crown with their $5 billion 11,324 Verizon tower deal
American Tower Corporation today announced that it has been the successful suitor in acquiring the rights to approximately 11,324 wireless communications towers and purchase approximately 165 additional towers from Verizon Communications, Inc. for $5.056 billion. Under the agreement, American Tower will have the exclusive right to lease and operate the Verizon towers for a weighted average term of approximately 28 …
Falling fuel prices providing early holiday gifts, especially to American Tower
Contractors and other infrastructure companies have seen free-falling fuel prices prop up their bottom line as gasoline continues to drop across the nation to its lowest prices since 2009. Although diesel fuel’s drop hasn’t been as dramatic, it too is showing a steady decline. Even though Spectrum Antenna Service and 23 other Missouri-based contractors can get gas today for as little as …
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 …
