Exhibit 99.1

CONSOLIDATED BALANCE SHEETS
(In thousands)	September 30, 2005 (a)			December 31, 2004
ASSETS
Current Assets:
Cash and cash equivalents	$	109,159		$	215,557
Accounts receivable, net		37,553			38,634
Other current assets		59,956			51,457
Assets held for sale		3,389			3,389
Total current assets		210,057			309,037
Property and equipment, net		3,404,389			2,273,356
Goodwill and other intangible assets, net		4,290,263			1,577,986
Deferred income taxes		510,182			633,814
Notes receivable and other long-term assets		370,768			291,779
Total	$	8,785,659		$	5,085,972
					.
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued expenses	$	194,160		$	121,672
Accrued interest		41,993			39,466
Current portion of long-term obligations		2,241			138,386
Other current liabilities		74,847			32,681
Total current liabilities		313,241			332,205
Long-term obligations		3,637,916			3,155,228
Other long-term liabilities		190,172			121,505
Total liabilities		4,141,329			3,608,938
Minority interest in subsidiaries		5,916			6,081
STOCKHOLDERS' EQUITY
Class A Common Stock		4,110			2,297
Additional paid-in capital		7,265,983			4,012,425
Accumulated deficit		(2,623,652	)		(2,539,403	)
Unearned compensation		(3,661	)
Treasury stock		(4,366	)		(4,366	)
Total stockholders' equity		4,638,414			1,470,953
Total	$	8,785,659		$	5,085,972

Note:

(a) The allocation of the SpectraSite purchase price is based on a preliminary third-party valuation and management's estimates and assumptions which are subject to adjustment as additional information is obtained and the third-party valuation is finalized.

UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data)	Three Months Ended September 30,						Nine Months Ended September 30,
	2005 (a)			2004			2005 (a)			2004
REVENUES:
Rental and management	$	260,791		$	174,946		$	626,970		$	507,109
Network development services		3,955			5,935			10,191			14,855
Total operating revenues		264,746			180,881			637,161			521,964
OPERATING EXPENSES:
Rental and management		87,717			59,838			207,285			177,034
Network development services		2,901			5,134			8,434			12,040
Depreciation, amortization and accretion		116,752			81,569			283,507			248,378
Corporate general, administrative and development expense		11,887			6,861			25,303			20,391
Impairments, net loss on sale of long-lived assets, restructuring and merger related expense		6,087			6,517			10,337			15,804
Total operating expenses		225,344			159,919			534,866			473,647
INCOME FROM OPERATIONS		39,402			20,962			102,295			48,317
OTHER INCOME (EXPENSE):
Interest income, TV Azteca, net		3,609			3,584			10,691			10,776
Interest income		1,351			1,166			2,858			3,402
Interest expense		(57,651	)		(65,631	)		(165,410	)		(202,809	)
Loss on retirement of long-term obligations		(14,420	)		(47,951	)		(45,850	)		(87,392	)
Other income (expense)		1,112			(1,176	)		622			(2,035	)
Total other expense		(65,999	)		(110,008	)		(197,089	)		(278,058	)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES, MINORITY INTEREST AND LOSS ON EQUITY METHOD INVESTMENTS		(26,597	)		(89,046	)		(94,794	)		(229,741	)
Income tax benefit		6,646			30,396			14,830			62,683
Minority interest in net earnings of subsidiaries		(128	)		(271	)		(239	)		(2,184	)
Loss on equity method investments		(70	)		(611	)		(2,120	)		(1,851	)
LOSS FROM CONTINUING OPERATIONS		(20,149	)		(59,532	)		(82,323	)		(171,093	)
LOSS FROM DISCONTINUED OPERATIONS, NET		(721	)		(590	)		(1,926	)		(2,464	)
NET LOSS	$	(20,870	)	$	(60,122	)	$	(84,249	)	$	(173,557	)
BASIC AND DILUTED NET LOSS PER COMMON SHARE AMOUNTS
Loss from continuing operations	$	(0.06	)	$	(0.26	)	$	(0.31	)	$	(0.77	)
Loss from discontinued operations				$	(0.01	)	$	(0.01	)	$	(0.01	)
BASIC AND DILUTED NET LOSS PER COMMON SHARE	$	(0.06	)	$	(0.27	)	$	(0.32	)	$	(0.78	)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING		334,141			224,839			265,411			222,948

Note:

(a) The allocation of the SpectraSite purchase price is based on a preliminary third-party valuation and management's estimates and assumptions which are subject to adjustment as additional information is obtained and the third-party valuation is finalized.

UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands)	Nine Months Ended September 30,
	2005			2004
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:
Net loss	$	(84,249	)	$	(173,557	)
Non-cash items reflected in statements of operations, primarily depreciation and amortization		357,597			356,243
Decrease (increase) in assets		4,916			(132	)
Decrease in liabilities		(18,060	)		(33,391	)
Cash provided by operating activities		260,204			149,163
CASH FLOWS (USED) FOR PROVIDED BY INVESTING ACTIVITIES:
Payments for purchase of property and equipment and construction activities		(59,228	)		(28,612	)
Payments for acquisitions		(5,668	)		(27,843	)
Payment for acquisition of Mexico minority interest		(7,270	)		(3,947	)
Cash acquired from Spectrasite merger, net of transaction costs		34,081
Proceeds from sale of businesses and other long-term assets		3,800			23,499
Deposits, investments and other long-term assets		(1,099	)		325
Restricted cash and investments					170,036
Cash (used for) provided by investing activities		(35,384	)		133,458
CASH FLOWS USED FOR FINANCING ACTIVITIES:
Repayment of notes payable, credit facility and capital leases		(426,450	)		(1,523,835	)
Proceeds from issuance of debt securities					570,000
Net proceeds from stock options and other		46,037			23,460
Borrowings under credit facility		50,000			700,000
Deferred financing costs and other financing activities		(805	)		(30,878	)
Cash used for financing activities		(331,218	)		(261,253	)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS		(106,398	)		21,368
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		215,557			105,465
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	109,159		$	126,833
CASH PAID FOR INCOME TAXES	$	13,952		$	1,902
CASH PAID FOR INTEREST	$	131,371		$	173,718
SIGNIFICANT MERGER RELATED NON-CASH TRANSACTION:
Fair value of Class A common stock issued and options and warrants assumed in connection with the SpectraSite merger	$	3,118,393