BOSTON-American Tower Corp. said it will restate its previously issued financial statements for periods ending on or prior to Sept. 30 last year.
It will affect the three-year period ended December31, 2003, and the first three fiscal quarters of 2004.
“The company will restate financial statements to correct the periods used to calculate depreciation expense and straight-line rent expense relating to certain of its tower assets and underlying ground leases,” said the tower operator.
Other operators have announced similar decisions.
