Crown Castle
International acquires Terracom, one of the UK's leading site acquisition
companies
Warwick, 17 July 2000,
Crown Castle UK Limited ("Crown Castle"), a subsidiary of Crown Castle
International Corp. (NASDAQ: TWRS), today announced that it has purchased
Terracom Estates Ltd, a market leader in UK site acquisition. Terracom
is now a wholly owned subsidiary of Crown Castle UK Limited.
The addition of a
specialist acquisition company to support Crown Castle's expanding UK
business base is indicative of the company's growth and the increasing
prominence and importance being paid to property acquisition and network
expansion. Crown Castle has also announced the creation of a new post,
Director, Property & Site Acquisition - Wes Huff, a property expert from
the US, has recently been appointed to this position. He is responsible
for the company's property and site acquisition effort. In his new capacity,
Wes will oversee the assimiliation of Terracom into the Crown Castle property
programme.
Terracom was formed in 1995 and provides consultancy in acquisition, planning,
design, estates and project management, primarily to the telecommunications
industry. The Terracom brand name will be retained and their 70 + staff
will continue to work from Terracom's six regional offices in Meriden
(Midlands), Newbury, Harrogate, Bristol and Edinburgh and Belfast.
Bob Giles, President & Chief Operating Officer of Crown Castle commented:
"The addition of Terracom's outstanding professional team will further
strengthen our skill base in the critical area of site planning and acquisition,
ensuring that we are able to meet the rapid deployment needs of our customers.
We increasingly take full responsibility for the deployment of turnkey
networks on behalf of our customers and Terracom's geographical coverage
ensures that Crown Castle will have continue to have seasoned site acquisition
professionals in critical parts of the country."
Trevor Coates and
Andrew Quartermaine, joint Managing Directors at Terracom added: "We are
delighted at this opportunity, which we believe represents a marriage
of experts whose complementary abilities will deliver an unparalleled
service to the industry."
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Notes to editors Crown
Castle International Corp. engineers, deploys, owns and operates technologically
advanced shared wireless infrastructure, including extensive networks
of towers and rooftops as well as analogue and digital audio and television
broadcast transmission systems. The Company offers near-universal broadcast
coverage in the United Kingdom and significant wireless communications
coverage to 68 of the top 100 United States markets, more than 95 percent
of the UK population and more than 92 percent of the Australian population.
Pro forma for all
closed and previously announced transactions, Crown Castle International
owns, operates and manages over 11,000 wireless communication towers internationally.
For more information on Crown Castle International, visit: www.crowncastle.com
and www.3g-thefuture.com
Crown Castle UK Limited,
a subsidiary of Crown Castle International Corp., operates more than 2,000
sites across the UK. Telecoms customers include Vodafone Airtouch, Orange,
BT Cellnet and One 2 One, amongst others. Broadcast customers include
the BBC, ONdigital, Virgin Radio and Talk Sport.
Terracom is a group
of specialist companies formed in 1995 primarily to support and assist
the Telecommunications Industry, providing consultancy services in Acquisition,
Planning, Design, Estates and Project Management. It comprises Terracom
Estates Ltd, Terracom Design & Development Ltd and Triscape Planning Ltd.
Terracom employs 70 full time personnel, with a spread of offices giving
national presence in the UK.
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