American Tower acquires 5,400 towers in US plus 500 in Costa Rica from GTP for US$4.8bn

American Tower has acquired the majority of assets from the largest privately owned tower operator in the US, GTP

American Tower’s latest acquisition has secured high quality assets with strong existing cash flows and significant opportunity for future growth. The tenancy ratio on GTP’s domestic portfolio is believed to be around 2, while American Tower’s is 2.6, with the difference attributable to the younger age of GTP’s assets. GTP’s towers typically have capacity for…

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