American Tower (AMT) Said to Be Lead Bidder on Royal KPN Tower Sale
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American Tower (NYSE: AMT) ticked-higher recently, but are still lower on the session amid chatter the it might be in a deal to acquire tower assets from Dutch telecom Royal KPN.
Bloomberg notes that American Tower won a bidding war, which included private equity firms like EQT Partners AB, TDF Group, and Antin Infrastructure. In total, the deal is valued at somewhere between €300 million and €400 million.
Negotiations are ongoing and could fall apart before anything final in announced next week.
American Tower is down 0.4 percent into the close.
Bloomberg notes that American Tower won a bidding war, which included private equity firms like EQT Partners AB, TDF Group, and Antin Infrastructure. In total, the deal is valued at somewhere between €300 million and €400 million.
Negotiations are ongoing and could fall apart before anything final in announced next week.
American Tower is down 0.4 percent into the close.
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