SpectraSite Purchases Airadigm Communications' Entire Tower Inventory.LITTLE CHUTE, Wis.--(BUSINESS WIRE)--Aug. 17, 1998--SpectraSite Communications, a leading wireless site development and tower management company, today announced that it has signed a contract with Airadigm Communications, Inc. to purchase 47 of Airadigm's towers and build approximately 125 additional towers throughout Wisconsin and Iowa. The agreement marks the first time that a wireless carrier has sold its entire tower inventory to a third party. Purchase price of the deal is not being disclosed. "We are pleased to partner with a company of SpectraSite's caliber and integrity to complete our infrastructure build out," said George Benson George Benson (b. March 22 1943, Pittsburgh) is an American musician, whose recording career began at the age of 21 as a jazz guitarist. He is however, better known to the public at large as a Pop/R&B singer, famous for such hits as "Give Me The Night", "Lady Love Me (One More , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Airadigm Communications, Inc. "The savings incurred by the sale will enable us to focus on our core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
Under the terms of the agreement, SpectraSite will assume ownership of all existing Airadigm towers and will build towers for Airadigm in the future. SpectraSite will also finance new tower construction for Airadigm and will lease tower space back to Airadigm. "SpectraSite is pleased to be part of the first major sale of a carrier's tower network, and we anticipate that other carriers will soon follow suit," said Stephen Clark, Chairman and CEO SpectraSite Communications, Inc. "We look forward to playing an instrumental role as Airadigm continues to expand its network." About Airadigm Communications, Inc. Airadigm Communications, Inc. (www.airadigm.com) is a Wisconsin based provider of Personal Communications Services See PCS. (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. ). The company became the first C-Block (small business) provider to launch service anywhere in the country in March of 1997 when it provided its Einstein PCS service to Appleton, Wisconsin Appleton is a city in the U.S. state of Wisconsin, on the Fox River, 100 miles (161 km) north of Milwaukee. As of the 2005 census estimate, the city had a total population of 70,217. and the Fox Valley region. Einstein PCS service is now available in Appleton, Green Bay, Oshkosh, Fond du Lac Fond du Lac (fŏn` də lăk', –jə–), city (1990 pop. 37,757), seat of Fond du Lac co., E central Wis., in a resort region at the south end of Lake Winnebago; inc. 1852. , Janesville, Madison, Manitowoc, Sheboygan, Stevens Point, Wisconsin Stevens Point, Portage County, is located in the central part of the U.S. State of Wisconsin. It is the largest city and the county seat. As of the 2000 US Federal Census, the population was 24,551. The city was incorporated in 1858. Rapids and Wausau. Airadigm holds licenses for a total of 15 markets throughout Wisconsin and northern Iowa. Airadigm Communications was incorporated in 1995. Headquartered in Little Chute, Wisconsin Little Chute is a village in Outagamie County, Wisconsin. The name is a semi-anglicized version of the original French name La Petite Chute (Little Falls), in reference to rapids on the nearby Fox River. The town was founded as the mission of St. , its mission is to provide a superior alternative to landline phone service in Wisconsin and Iowa. For more information, please call (888) 687-1130. About SpectraSite Communications SpectraSite Communications (www.spectrasite.com) is a leading full-service turnkey provider of site and tower development services from site acquisition to build-to-suit for the wireless telecommunications industry. SpectraSite provides wireless network build-out services on a "total development" or a per site basis nationwide. The SpectraSite team has worked with wireless carriers including: Alltel, AT&T Wireless, BellSouth, GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Wireless, Horizon, Nextel, Powertel, Sprint and TEC to acquire nearly 5,000 sites, build 2,000 towers, manage more than 3,700 sites and launch several BTA's throughout the US and Canada. SpectraSite operates three divisions: SpectraSite Services, which provides pre-market analysis, site acquisition, zoning and related services; SpectraSite Development, which provides program management, construction management and interconnect services; and SpectraSite Management, which provides tower management and co-location marketing services for carrier owned towers. For more information, please call (888) 468-0112. CONTACT: The DEM See digital elevation model. Group Noreen Allen, 610/992-0889 noreen.allen@demgroup.com or SpectraSite Communications John Ricci, 919/468-0112 riccij@spectrasite.com or Airadigm Communications, Inc. Tom Lehr, 920/707-7039 tlehr@airadigm.com Jim Wurm, 920/707-7004 jwurm@airadigm.com |
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