American Tower Corporation had initially announced the transaction in January 2024
American Tower Corporation (ATC) announced that it has closed the previously announced sale of 100% of the equity interests in its operations in India to Data Infrastructure Trust (DIT), an infrastructure investment trust sponsored...
Brookfield Asset Management will acquire 100% of ATC India for $2.5 billion
The Competition Commission of India has cleared the takeover of American Tower Corp (ATC) Indian operations (known as ATC India) by Brookfield Asset Management for $2.5 billion. The acquisition, announced in January, will see the...
Vodafone Idea said it will take necessary action to allot ATC a total of 1.44 billion fully paid-up equity shares
Indian telecom operator Vodafone Idea said that tower company American Tower Corporation (ATC) has requested conversion of debentures worth INR4.4 billion ($173.5 million) into equity...
American Tower has a portfolio of around 78,000 sites across India
American Tower has signed a definitive agreement with Data Infrastructure Trust (DIT), an infrastructure investment trust associated with an affiliate of Brookfield Asset Management, for DIT to acquire 100% of the equity interests in...
American Tower Corporation ended Q3 2023 with a portfolio of approximately 225,000 communications sites
American Tower Corporation (ATC) reported overall revenues of $2.82 billion for the third quarter of 2023, climbing 5.5% year-on-year, the company said in its earnings statement.
American Tower’s profits for the period...
American Tower's CFO said the company was in the final stage of negotiations to sell a majority stake in its tower unit in India
American Tower is confident of finalizing the sale of its towers business in India soon, the company’s CFO, Rod Smith, said...
MTN had launched 5G service in the country using equipment from Swedish vendor Ericsson
Africa’s largest mobile operator, MTN Group, said U.S. wireless infrastructure provider American Tower will take over its Nigerian tower operations from IHS Holdings, starting in 2025.
In a stock exchange filing, MTN...
American Tower ended the second quarter of 2023 with a portfolio of approximately 226,000 communications sites
American Tower Corporation (ATC) is seeing a positive outlook for its international operations given the expected increase in capital expenditures and mobile data consumption in these markets, the company’s...
1&1 said that a new rollout plan stipulates the provision of approximately 1,200 antenna masts by the end of 2023
German operator 1&1 said it expected to launch its 5G offering for smartphone users by the third quarter of 2023.
“At this point, Telefónica will...
Multi-year master lease agreements insulate American Tower from uncertain economic conditions
American Tower Corporation controls around 223,000 communications sites around the world, and has enjoyed steady growth as operators deploy and scale 5G infrastructure. Speaking earlier this month at the Citi 2023 Communications, Media and...
ATC noted that this project is chiefly aimed at testing the performance of a private 5G wireless network inside a commercial mall in Las Vegas
U.S. tower firm American Tower is seeking a 180-day authorization from the Federal Communications Commission to allow the use of...
Verizon this week entered into new long-term lease agreement with American Tower
American Tower Corporation's U.S. Division has long-term facilities leasing deals with all four U.S. carriers with Verizon this week entering into a new arrangement to support its ongoing 5G deployment. Speaking earlier...
In June last year, American Tower had closed the first tranche of the acquisition of Telxius Towers, comprised of nearly 20,000 communications sites in Germany and Spain
American Tower Corporation (ATC) ended June with nearly 30,000 telecommunications sites across its European footprint, the company’s President...
American Tower will retain managerial and operational control of the data center business
American Tower Corporation and Stonepeak, an investment firm specializing in infrastructure and real assets, announced that Stonepeak, on behalf of certain affiliated investment vehicles, will acquire an ownership interest of approximately 29%...
American Tower Corporation (ATC) is expecting to experience a period of solid growth in its European markets, where the firm is seeing similar network growth trends to the U.S., with early-stage 5G deployments set to accelerate in the coming years, the company’s President and...
American Tower Corporation and global insurer and investment firm Allianz, announced that Allianz Capital Partners and the Allianz European Infrastructure Fund, will acquire a 10% stake in ATC Europe.
The transaction is valued at over 530 million euros ($633 million), reinforcing a more than €8.8...
American Tower Corporation announced that it has closed the first tranche of the acquisition of Telxius Towers, comprised of nearly 20,000 communications sites in Germany and Spain, for total consideration of approximately 6.2 billion euros ($7.6 billion).
In a release, ATC said that the closing...
American Tower Corporation (ATC) has been investing in more efficient and scalable power solutions at many of the company’s sites to be ready for the requirements of U.S. carriers extending their 5G networks nationwide, the company’s President and CEO, Tom Bartlett, said during a...
American Tower and Dish Network Corporation have signed a master lease agreement through which the latter company may lease space on up to 20,000 American Tower communications sites.
Through the deal, Dish will secure access to American Tower’s U.S. portfolio of communications sites as it...
Spanish telecom operator Telefónica’s subsidiary Telxius Telecom has signed an agreement with American Tower Corporation (ATC) for the sale of its telecommunications towers businesses in Europe and Latin America.
Telxius has telecommunications towers in Spain, Germany, Brazil, Peru, Chile and Argentina.
Telefonica, which holds a 50.1%...
American Tower has agreed to acquire InSite Wireless Group, which owns, operates and manages approximately 3,000 communications sites, primarily in the U.S. and Canada.
The portfolio includes more than 1,400 owned towers in the U.S., over 200 in Canada and approximately 70 distributed antenna system...
T-Mobile US and American Tower have signed a new long-term agreement which will enhance T-Mobile’s access to American Tower’s U.S. sites, both companies said in a release.
The deal is expected to deliver up to $17 billion in incremental revenue for American Tower.
The infrastructure deal...
WIA CEO: 'towers are as just important for 5G as anything else'
While moderating a panel at this year’s Connect(X) virtual conference event, WIA President and CEO Jonathan Adelstein remarked that in a world consumed with 5G, it’s important to remember that towers are just...
