American Tower (AMT) Says Sprint (S), Clearwire (CLWR) Accounted for 18% of Revs
Tweet
Share
E-mailGet Alerts AMT Hot Sheet
Price: $175.80 +0.05%
Financial Fact:
Net income attributable to American Tower Corporation: 0.56
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Net income attributable to American Tower Corporation: 0.56
Today's EPS Names:
BTTX, VAXX, ELYS, More
Join SI Premium – FREE
American Tower Corporation (NYSE: AMT) released information about its business in light of Sprint’s (NYSE: S) contemplated acquisition of 100% ownership of Clearwire (Nsadaq: CLWR), which is subject to regulatory approval.
For the quarter ended September 30, 2012, Sprint and Clearwire accounted for approximately 15% and 3%, respectively, of American Tower's consolidated operating revenues. American Tower currently has separate leases for antenna space with Sprint and Clearwire on the same site at approximately 1,800 communications sites owned or operated by American Tower. The revenue generated from Clearwire on these sites represented approximately 1% of American Tower's consolidated operating revenues for the quarter ended September 30, 2012. The average remaining current term on the long-term lease arrangements on these sites with Sprint and Clearwire is approximately nine and five years, respectively.
For the quarter ended September 30, 2012, Sprint and Clearwire accounted for approximately 15% and 3%, respectively, of American Tower's consolidated operating revenues. American Tower currently has separate leases for antenna space with Sprint and Clearwire on the same site at approximately 1,800 communications sites owned or operated by American Tower. The revenue generated from Clearwire on these sites represented approximately 1% of American Tower's consolidated operating revenues for the quarter ended September 30, 2012. The average remaining current term on the long-term lease arrangements on these sites with Sprint and Clearwire is approximately nine and five years, respectively.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Barclays Upgrades American Tower (AMT) to Overweight
- Nordson Corp. (NDSN) Tops Q3 EPS by 16c; Offers Guidance
- Nu Skin EVP of global sales takes medical leave
Create E-mail Alert Related Categories
Corporate News, GuidanceSign 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!
