American Tower (AMT) Updates on Status of Agreements with MetroPCS (PCS), Deutsche Telekom
Tweet
Share
E-mailGet Alerts AMT Hot Sheet
Join SI Premium – FREE
American Tower Corporation (NYSE: AMT) released information about its business in light of T-Mobile USA’s contemplated combination with MetroPCS (NYSE: PCS), which is subject to regulatory approval.
For the quarter ended June 30, 2012, T-Mobile and MetroPCS accounted for approximately 7% and 2%, respectively, of American Tower's consolidated operating revenues. American Tower currently has separate leases for antenna space with T-Mobile and MetroPCS on the same site at approximately 1,000 communications sites owned or operated by American Tower. The combined revenue generated from T-Mobile and MetroPCS on these sites represented approximately 1% of American Tower's consolidated operating revenues for the quarter ended June 30, 2012. The average remaining current term on the long-term lease arrangements on these sites with T-Mobile and MetroPCS is approximately nine years.
For the quarter ended June 30, 2012, T-Mobile and MetroPCS accounted for approximately 7% and 2%, respectively, of American Tower's consolidated operating revenues. American Tower currently has separate leases for antenna space with T-Mobile and MetroPCS on the same site at approximately 1,000 communications sites owned or operated by American Tower. The combined revenue generated from T-Mobile and MetroPCS on these sites represented approximately 1% of American Tower's consolidated operating revenues for the quarter ended June 30, 2012. The average remaining current term on the long-term lease arrangements on these sites with T-Mobile and MetroPCS is approximately nine years.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Barclays Upgrades American Tower (AMT) to Overweight
- Rocket Lab completes 93rd Electron launch for iQPS satellite
- Richardson Electronics to deliver 18 battery storage systems in Alaska
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
