FiberTower and ADTRAN Look to Benefit From Booming Backhaul Market
January 24 2012 - 8:20AM
Marketwired
Business in the backhaul space has been growing rapidly in recent
years. Demand for mobile data has been a key driver for backhaul
providers who are assisting carriers in solving their capacity
crunch. According to an article from Wireless Week, the U.S. is a
hot market for the fiber- and copper-based backhaul solutions
because domestic operators tend to favor fixed-line backhaul over
microwave solutions. The Paragon Report examines the outlook for
companies in the Communications Equipment & Services industry
and provides investment research on FiberTower Corporation (NASDAQ:
FTWR) and ADTRAN, Inc. (NASDAQ: ADTN). Access to the full company
reports can be found at:
www.paragonreport.com/FTWR
www.paragonreport.com/ADTN
FiberTower Corporation provides facilities-based backhaul
services to wireless carriers in the United States. Backhaul is the
transport of voice, video, and data traffic from a wireless
carrier's mobile base station, or cell site, to its mobile
switching center or other exchange point where the traffic is then
switched onto a wire line telecommunications network.
The company told creditors last month that it was losing about
$180,000 in revenue per month. The company has been losing business
from key client Clearwire, and also defaulted on a loan last month
after missing an interest payment in November.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the Communications Equipment & Services
industry register with us free at www.paragonreport.com and get
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ADTRAN, Inc. designs, manufactures, markets and services network
access solutions for communications networks. The company offers a
full line of economical mobile backhaul solutions that manage both
TDM leased line growth and enable the evolution to IP/Ethernet
backhaul.
Last week the company announced that fourth quarter sales
increased to $175,286,000 compared to $165,329,000 for the fourth
quarter of 2010. ADTRAN also announced that its Board of Directors
declared a cash dividend for the fourth quarter of 2011. The
quarterly cash dividend is $0.09 per common share to be paid to
holders of record at the close of business on February 2, 2012.
The Paragon Report has not been compensated by any of the
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