Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, November 13, 2020

Article Excerpt

AMERICAN TOWER CORPORATION, $243.09, symbol AMT on New York, is the largest operator of wireless telecom and broadcast towers. It has over 41,000 sites in the U.S. and another 141,000 in Mexico, Brazil, Germany, India, South Africa and elsewhere. The company leases space on its towers to wireless providers of cellular, mobile radio, and TV programming. They all install equipment on the towers to support their networks. Communications giants AT&T, Verizon Wireless and T-Mobile contribute 51% of revenue. On November 5, 2020, American Tower announced the acquisition of InSite Wireless Group LLC, a Virginia-based company specializing in in-building/distributed antenna systems (DAS). It is one of the largest privately owned tower-and-wireless infrastructure companies in the U.S. InSite owns about 3,000 communications sites, which include towers, DAS networks and real estate, primarily in the U.S. and Canada. Its portfolio includes ownership of more than 1,400 towers in the U.S., more than 200 towers in Canada and about 70 DAS networks in the U.S. The firm, established…