American Tower to buy MIP Tower for $4.8B

American Tower is acquiring the parent company of Global Tower Partners, MIP Tower Holdings, for $4.8 billion, including debt. All told, the REIT is adding 5,400 U.S. towers and the management rights to 9,000 additional sites. In August, American Tower announced it would buy some 4,450 cell towers in Mexico and Brazil for $811 million.

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