Sprint Nextel’s buyout of Clearwire will result in...
Sprint Nextel’s buyout of Clearwire will result in redundant leases at 1,800 American Tower tower sites where both companies currently hold separate leases for antenna space. American Tower said Wednesday that Sprint’s leases represented 15 percent of its Q3 consolidated…
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operating revenue, while Clearwire’s leases represented 3 percent. Clearwire leases at the 1,800 sites where Sprint also holds antenna space represented 1 percent of American Tower’s Q3 consolidated operating revenue. An average of nine years remains on Sprint’s leases, while an average of five years remains on Clearwire’s leases, American Tower said (http://xrl.us/bn67k6). Crown Castle International released information Tuesday on how the Sprint-Clearwire deal would affect its revenue (CD Dec 19 p14).