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Technology Stocks : LCCI went public today and is going up!!

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To: DavesM who wrote (132)2/25/2000 11:36:00 AM
From: The O   of 143
 
HUGE DEAL! GREAT NEWS!
Pinnacle to buy towers from LCC unit, others
SARASOTA, Fla., Feb. 25 (Reuters) - Pinnacle Holdings Inc. (NASDAQ: BIGT), which owns towers for wireless communications around the country, said on Friday it has agreed to buy 233 towers from different companies for a total of $100.5 million.

The Sarasota, Fla.-based company will buy up to 197 towers from Microcell Management Inc., a unit of wireless telecommunications consulting company LCC International Inc. (NASDAQ: LCCI). Microcell also entered a three-year lease deal with Pinnacle, for space on the towers.

The 233 towers would be bought in a total of 22 separate deals, the company said.

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