Specialty Teleconstructors/OmniAmerica Reaches Second Sprint PCS Affiliate Agreement for Additional 250-Tower Build.ALBUQUERQUE, N.M.--(BUSINESS WIRE)--August 13, 1998-- Alamosa PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. Agreement, Combined With Recent Southwest PCS Agreement, Permits Company to Build 420 Towers to Support Wireless Networks of Sprint PCS Affiliates Specialty Teleconstructors, Inc. (Nasdaq: SCTR SCTR Sector SCTR Secretin Receptor SCTR South Central Tennessee Railroad SCTR System Conformance Test Report SCTR Société Canadienne des Thérapeutes Respiratoires (Canadian Society of Respiratory Therapists) ), which merged in April with OmniAmerica, Inc. to form the nation's leading full-service transmission tower company, today announced that it has entered into a build-to-suit agreement under which it will build approximately 250 towers for use by Alamosa PCS, L.L.C., of Lubbock, Texas “Lubbock” redirects here. For other uses, see Lubbock (disambiguation). Lubbock is the 10th-largest city in the state of Texas.[1] Located in the northwestern part of the state—a region known historically as the Llano Estacado , an affiliate of Sprint PCS, as anchor tenant. Financial terms of the transaction were not disclosed. The towers will be owned by Specialty Teleconstructors/OmniAmerica and will support Alamosa PCS's wireless network. Alamosa PCS's territory will encompass approximately 5.2 million people primarily in western Texas, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , Colorado and Arizona. The development process for these towers has already begun and it is anticipated that all the towers will be completed by the year 2000. Space on the towers will also be leased to other wireless providers. The agreement is the second of its kind that Specialty Teleconstructors/OmniAmerica has announced this week. Yesterday, the company announced a similar agreement to build 170 towers in Oklahoma, Texas and Kansas on behalf of Southwest PCS, of Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm , another Sprint PCS affiliate. Under the two agreements, Specialty Teleconstructors/OmniAmerica will build a total of 420 towers for Sprint PCS affiliates. Carl E. Hirsch, President and Chief Executive Officer of Specialty Teleconstructors/ OmniAmerica, said: "We are pleased to have the opportunity to work with Alamosa PCS and Southwest PCS as they build wireless networks that encompass several important markets. The agreements are a great opportunity to work with affiliates of one of the nation's leading wireless carriers, and they signal that our company is experiencing growth in all areas of its business. As the first true full-service provider of transmission towers and wireless network implementation services, with a strong financial position and relationships with leading wireless providers, we are uniquely positioned to achieve our goals for the benefit of our clients and shareholders." The combined enterprise formed by the merger of Specialty Teleconstructors and OmniAmerica is currently known as Specialty Teleconstructors, but is expected to be renamed OmniAmerica in the near future. OmniAmerica was co- founded by Hicks Hicks , Edward 1780-1849. American painter of primitive works, notably The Peaceable Kingdom, of which nearly 100 versions exist. , Muse, Tate & Furst Incorporated, and Carl E. Hirsch and his partners. Specialty Teleconstructors was founded in 1981 by Michael R. Budagher, who serves as Vice Chairman and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the combined company. This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined by the federal securities laws. Such statements are inherently subject to various risks and uncertainties, as set forth in the company's Forms 10- K and 10-Q and other materials filed with the Securities and Exchange Commission. Sprint PCS has the largest 100% digital, 100% PCS nationwide wireless network in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Serving 156 metropolitan areas, including more than 4,000 cities and communities across the United States, Sprint PCS, together with its affiliates and the Sprint Corporation, has licensed PCS coverage of nearly 270 million people in all 50 states, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the U.S. Virgin Islands. Specialty Teleconstructors/OmniAmerica owns and manages transmission towers for radio and television broadcasting, paging, cellular, PCS and other wireless technologies; provides wireless infrastructure building and implementation services primarily for providers of wireless communication services in the United States; and manufactures and sells wireless infrastructure components used in the construction and maintenance of wireless communication transmitting and receiving facilities. The Company's relationship with Hicks Muse strategically affiliates it with companies that own hundreds of radio and television stations throughout the United States, including Chancellor Media Corporation, Capstar Broadcasting Corporation, Sunrise Sunrise, city (1990 pop. 64,407), Broward co., SE Fla., a residential suburb 8 mi (13 km) W of Fort Lauderdale; inc. 1961 as Sunrise Golf Village. It is a major office and commercial center and the site of Sawgrass Mills, one of the largest malls in the United States. Television Corporation, LIN Television Corporation, and a partnership with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. . CONTACT: Carl E. Hirsch (310) 478-1111 or Mark Semer or Roy Winnick Kekst and Company (212) 521-4802 or 4842 |
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