American Tower Corporation (NYSE:AMT) today released information about
its business in light of press reports regarding Sprint’s potential
acquisition of T-Mobile. For the quarter ended September 30, 2013, pro
forma for American Tower’s acquisition of Global Tower Partners and
sites from Nextel International, Sprint and T-Mobile accounted for
approximately 16% and 10%, respectively, of American Tower's
consolidated operating revenues.
American Tower currently has separate leases for antenna space with
Sprint and T-Mobile on the same site at approximately 5,500
communications sites owned or operated by American Tower. The revenue
generated from T-Mobile on these sites represented less than 5% of
American Tower's consolidated operating revenues for the quarter ended
September 30, 2013, pro forma for American Tower’s acquisition of Global
Tower Partners and sites from Nextel International. The average
remaining non-cancellable current lease term on these sites with Sprint
and T-Mobile is approximately 7 years.
About American Tower
American Tower is a leading independent owner, operator and developer of
wireless and broadcast communications real estate. American Tower
currently owns and operates approximately 66,000 communications sites in
the United States, Brazil, Chile, Colombia, Costa Rica, Germany, Ghana,
India, Mexico, Panama, Peru, South Africa and Uganda. For more
information about American Tower, please visit www.americantower.com.
Copyright Business Wire 2013