American Tower Corporation Releases Information Regarding its Business with Sprint and T-Mobile USA
November 11 2016 - 8:30AM
Business Wire
American Tower Corporation (NYSE:AMT) today released information
about its business in light of speculation regarding the
possibility of a merger between Sprint and T-Mobile USA. For the
quarter ended September 30, 2016, Sprint and T-Mobile USA accounted
for approximately 10% and 8%, respectively, of American Tower’s
consolidated property revenues.
American Tower currently has separate leases for antenna space
with Sprint and T-Mobile USA on the same site at approximately
5,500 communications sites it owns or operates. The revenue
generated from each of Sprint and T-Mobile USA on these sites
represented approximately 4% of American Tower’s consolidated
property revenues for the quarter ended September 30, 2016. The
average remaining non-cancellable current lease term on these sites
with Sprint and T-Mobile USA is approximately 5 years.
American Tower, one of the largest global REITs, is a leading
independent owner, operator and developer of multitenant
communications real estate with a portfolio of over 144,000
communications sites. For more information about American Tower,
please visit www.americantower.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161111005136/en/
American Tower CorporationLeah Stearns,
617-375-7500Senior Vice President, Treasurer and Investor
Relations
American Tower (NYSE:AMT)
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