American Tower said it completed its buy of...
American Tower said it completed its buy of MIP Tower Holdings, parent company of Global Tower Partners. The $4.8 billion deal, announced in early September, bought out the company’s ownership from majority owner Macquarie Infrastructure Partners, the company’s management and…
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Dutch pension fund manager PGGM (http://bit.ly/19hRAea). The purchase gives American Tower ownership of Global Tower’s 5,400 U.S. tower sites, 500 sites in Costa Rica, management rights at 9,000 additional U.S. sites and “domestic property interests” at 800 third-party sites (CD Sept 9 p12). American Tower said it financed the $3.3 billion cash portion of the purchase using $500 million in cash on hand and $2.8 billion in credit.