After
American Tower announced their acquisition of Global Tower Partners (GTP), they
made it clear that they are still on the lookout for more purchases. "This is a significant strategic
milestone for American Tower," Chairman and CEO Jim Taiclet said regarding
M&A, "but it’s definitely not the end of the road."
By
acquiring GTP, American Tower will add 5,400 domestic towers to their
portfolio. Below you’ll find an overview of the GTP Portfolio.:
GTP Tower Portfolio
›1/3rd
of sites in Top 50 BTA’s
›2/3rd
of sites in Top 100 BTA’s
›Average
tenancy of ~2.0 per site
›63% of total
revenue from sites on land that is owned or on long-term leases with 20+ years
remaining
GTP Financial Highlights
›2014E
Revenue of $345m
›2014E Gross Margin
of $270m (78% of revenue)
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