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Announced

American Tower to acquire InSite Wireless Group for $3.5bn.

Financials

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Transaction Value£2,663m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

United States

Acquisition

Friendly

telecommunications towers

infrastructure solutions

Majority

Telecommunications Equipment

Domestic

Pending

wireless carriers

Private Equity

Synopsis

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American Tower, a REIT, agreed to acquire InSite Wireless Group, an owner and operator of communication facilities, for $3.5bn. “This transaction augments our foundational U.S. business through the addition of a well-run, high-quality, complementary, macro-tower focused portfolio, while also marking our entry into Canada. We believe that these assets are positioned to enhance our organic growth and cash flow trajectory in the future as 5G deployments accelerate and densification initiatives progress,” Tom Bartlett, American Tower CEO.

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