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

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.