American Tower Q1 up 22.6%; buys Richard Towers

By on May, 2 2014 with Comments 0

American-TowerAmerican Tower’s Q1 revenue rose 22.6% to $984.1 million and total rental and management revenue increased 23.5% to $960.1 million. After the quarter ended, the company bought 60 communications sites and related assets from Richland Properties (Richland Tower) for $385.9 million, including assumption of about $196.5 million of debt.

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About The Author: Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.

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