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Tag: american
American Tower to acquire Global Tower Partners
2013-09-06 16:18:00| Telecompaper Headlines
(Telecompaper) American Tower has agreed to acquire Global Tower Partners for USD 4.8 billion. GTP is majority owned by Macquarie Infrastructure Partners, together with minority partners including Dutch pension fund manager PGGM and management. GTP owns and operates approximately 4,500 towers and 800 property interests in the US and has management rights to more than 9,000 sites for mobile antennas, made up primarily of rooftop assets. In addition, GTP owns 500 communications sties in Costa Rica. The purchase price includes USD 3.3 billion in cash and the assumption of USD 1.5 billion in debt. American Tower expects to use cash on hand and its existing revolving credit facilities, supplemented by additional debt financing, to pay for the deal. The acquisition is expected to add USD 345 million in revenues and USD 270 million of gross profit in 2014 and add immediately to adjusted funds from operations (AFFO) upon closing. The transaction is is expected to close in the fourth quarter.
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tower
American Tower to buy owner of about 5,400 towers
2013-09-06 15:52:17| IT Services - Topix.net
American Tower says it's reached a deal to buy the parent company of Global Tower Partners, which owns about 5,400 cellular towers in the U.S., for about $4.8 billion.
Tags: buy
american
owner
tower
American Tower to buy MIP Tower Holdings for $3.3bn
2013-09-06 02:00:00| Total Telecom industry news
Deal adds 5,400 cell towers to company's portfolio.
Tags: buy
american
tower
holdings
American auto profits showing signs of beating 1990s' best
2013-09-05 23:15:51| Automakers - Topix.net
The 17 percent surge in U.S. auto sales last month pushed the annual rate to a pre-recession, boom-time level.
Tags: auto
american
showing
signs
American Hot Rod Celebrity Jo Coddington to Appear at Champion Booth During 2013 SEMA Show
2013-09-05 06:00:00| Industrial Newsroom - All News for Today
Jo Coddington of television’s American Hot Rod fame will represent and sign autographs for Champion "Classic Muscle" Motor Oil at the upcoming SEMA Show in booth 25221.<br /> <br /> "I was napping on a creeper as a kid", said Jo Coddington. “My father and other family members had been in the automotive business all their life. I raced go-]karts and, with the aid of two pillows, could drive the family's '53 Chevy at the age of 12, and then aced sand-]rails in hill climbs and other ...
Tags: show
american
hot
champion
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