When and for how much did American Tower acquire CoreSite Realty Corporation?
American Tower agreed on November 15, 2021 to acquire CoreSite Realty Corporation for $170.00 per share in cash, about $10.1 billion including assumed debt, and closed the deal on December 28, 2021. CoreSite then had 25 data centers, 21 cloud on-ramps and more than 32,000 interconnections in eight major US markets.
When did American Tower acquire Telxius Towers across Europe and Latin America?
American Tower agreed in January 2021 to acquire Telxius Towers from Telefonica, roughly 31,000 communications sites in Germany, Spain, Brazil, Chile, Peru and Argentina, for about 7.7 billion euros, or roughly $9.4 billion at signing. The transaction closed in stages during 2021, starting with the European sites in June.
What was the landmark merger between American Tower and SpectraSite in 2005?
American Tower and SpectraSite agreed to merge on May 3, 2005 in a stock-for-stock exchange that valued SpectraSite's equity at about $3.1 billion, and the merger closed on August 8, 2005. The combined company held over 22,000 owned communications sites, including more than 21,500 wireless towers, over 400 broadcast towers and nearly 100 in-building sites.
When did American Tower acquire GTP (Global Tower Partners)?
American Tower announced the purchase of MIP Tower Holdings, parent of Global Tower Partners, on September 6, 2013 and closed it on October 1, 2013. It paid about $3.3 billion in cash and assumed roughly $1.5 billion of debt, a total of about $4.8 billion, acquiring US tower, rooftop and land assets from a company majority owned by Macquarie Infrastructure Partners.
When did American Tower acquire Verizon's macro tower portfolio?
In February 2015 American Tower agreed to take exclusive rights to lease and operate about 11,324 Verizon communications towers for roughly 28 years and to buy about 165 towers outright, paying $5.056 billion in cash. The transaction closed the following month and covers sites in all 50 states.
What acquisitions expanded American Tower's footprint in Africa?
American Tower acquired tower portfolios and joint venture stakes from MTN Group in Ghana and Uganda, and it closed the Eaton Towers acquisition on January 2, 2020 for approximately $1.85 billion including assumed debt, adding about 5,700 communications sites across Ghana, Kenya, Niger, Burkina Faso and Uganda.
How did American Tower acquire Viom Networks in India?
American Tower announced in October 2015 that it would buy a 51% controlling interest in Viom Networks, a joint venture of Tata Teleservices and Quippo, for about Rs 7,635 crore, roughly $1.2 billion, and completed the purchase on April 21, 2016. Viom's roughly 42,200 towers combined with American Tower's existing Indian sites to create a portfolio of about 56,000. American Tower later moved to full ownership before disposing of the Indian business in 2024.
How does American Tower integrate acquired tower portfolios into its shared operating platform?
American Tower moves acquired sites onto its own asset and lease management systems, audits ground lease terms and renewal dates, standardizes site security and power, and then markets the remaining vertical capacity to its existing carrier customers so the towers can carry additional tenants.
Why did American Tower buy CoreSite?
In a massive strategic pivot, AMT acquired data center REIT CoreSite for over $10 billion to heavily integrate mobile edge computing directly with its tower infrastructure.