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Slide #55. American Tower Corporation — Global Tower Partners
American Tower Corporation (NYSE:AMT)
Global Tower Partners
American Tower Corporation (NYSE:AMT) today announced that it has completed its previously announced acquisition of 100% of the outstanding common membership interests of MIP Tower Holdings LLC, a private real estate investment trust, which is the parent company of Global Tower Partners ("GTP"), an owner and operator of communications real estate, and related companies. GTP was majority owned by Macquarie Infrastructure Partners together with minority partners including Dutch pension fund manager PGGM and management.
American Tower is a holding company. Through its subsidiaries, Co. is a real estate investment trusts and an independent owner, operator and developer of multitenant communications real estate. Co.'s primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. Co. also provides tower-related services, including site acquisition, zoning and permitting and structural analysis, which primarily support Co.'s site leasing business, including the addition of new tenants and equipment on its sites.
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Buy (3.36 out of 4)