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American Tower to acquire Global Tower Partners
2013-09-06 16:18:00| Telecompaper Headlines
(Telecompaper) American Tower has agreed to acquire Global Tower Partners for USD 4.8 billion. GTP is majority owned by Macquarie Infrastructure Partners, together with minority partners including Dutch pension fund manager PGGM and management. GTP owns and operates approximately 4,500 towers and 800 property interests in the US and has management rights to more than 9,000 sites for mobile antennas, made up primarily of rooftop assets. In addition, GTP owns 500 communications sties in Costa Rica. The purchase price includes USD 3.3 billion in cash and the assumption of USD 1.5 billion in debt. American Tower expects to use cash on hand and its existing revolving credit facilities, supplemented by additional debt financing, to pay for the deal. The acquisition is expected to add USD 345 million in revenues and USD 270 million of gross profit in 2014 and add immediately to adjusted funds from operations (AFFO) upon closing. The transaction is is expected to close in the fourth quarter.
Tags: american
global
partners
tower
American Tower to buy owner of about 5,400 towers
2013-09-06 15:52:17| IT Services - Topix.net
American Tower says it's reached a deal to buy the parent company of Global Tower Partners, which owns about 5,400 cellular towers in the U.S., for about $4.8 billion.
Tags: buy
american
owner
tower
American Tower to buy MIP Tower Holdings for $3.3bn
2013-09-06 02:00:00| Total Telecom industry news
Deal adds 5,400 cell towers to company's portfolio.
Tags: buy
american
tower
holdings
PRESS RELEASE: Capri Capital Partners Invests In Chicago Riverside Apartment Tower
2013-09-05 19:10:00| National Real Estate Investor
Heather Herndon Capri Capital Partners, LLC (Capri), on behalf of an institutional investor, has joined The Habitat Company (Habitat) to recapitalize Kingsbury Plaza, a 420-unit luxury apartment building in Chicagos River North neighborhood. The newly formed joint venture will enable ownership to continue making strategic upgrades intended to further enhance the propertys appearance, experience and marketability. The property was originally constructed by Habitat and opened in 2007. Habitat has retained an equity position and will continue providing day-to-day property management services on behalf of ownership. read more
Tags: press
release
capital
partners
Screens up by 'walkie-talkie' tower
2013-09-04 20:15:29| BBC News | Business | UK Edition
Special screens are placed over shop windows to absorb sunlight reflected by the London skyscraper blamed for melting a car.
Tags: tower
screens
walkietalkie
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