ST. LOUIS-AAT Communications Corp. announced it has closed on $180 million of equity capital it plans to use to help fund acquisitions and build-to-suit tower projects.
AAT has nearly quintupled its tower portfolio since May 2002 when Cequel III was appointed AAT’s management company, the company said. AAT now owns more than 1,500 sites.
“This new investment illustrates the opportunity that equity sources see in AAT as a leading consolidator in the wireless tower sector,” said Jerald Kent, chief executive officer.
