American Tower Corporation Releases Information Regarding AT&T’s Planned Acquisition Of Leap Wireless

American Tower Corporation (NYSE: AMT) today released information about its business in light of AT&T’s planned acquisition of Leap Wireless. For the quarter ended March 31, 2013, AT&T and Leap Wireless accounted for approximately 17% and 2%, respectively, of American Tower's consolidated operating revenues. American Tower currently has separate leases for antenna space with AT&T and Leap Wireless on the same site at approximately 1,066 communications sites owned or operated by American Tower. The revenue generated from Leap Wireless on these sites represented less than 1% of American Tower's consolidated operating revenues for the quarter ended March 31, 2013. The average remaining non-cancellable current lease term on these sites with AT&T and Leap Wireless 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 56,000 communications sites in the United States, Brazil, Chile, Colombia, Germany, Ghana, India, Mexico, Peru, South Africa and Uganda. For more information about American Tower, please visit www.americantower.com.

Copyright Business Wire 2010

If you liked this article you might like

More Risk Than Reward on American Tower

Stocks Are Guilty by Association: Cramer's 'Mad Money' Recap (Thursday 7/20/17)

Cramer: These Sectors Look Bullish (Part III)

Cramer: There Are Powerful Themes in Several Bull Markets

Southwest, Hawaiian Holdings, Nucor, and American Water Works: 'Mad Money' Lightning Round