M&A Deal Summary

American Tower Acquires SpectraSite

On May 4, 2005, American Tower acquired communications company SpectraSite for 3.1B USD

Acquisition Highlights
  • This is American Tower’s 3rd transaction in the Communications sector.
  • This is American Tower’s 4th largest (disclosed) transaction.
  • This is American Tower’s 4th transaction in the United States.
  • This is American Tower’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2005-05-04
Target SpectraSite
Sector Communications
Buyer(s) American Tower
Deal Type Add-on Acquisition
Deal Value 3.1B USD
Advisor(s) Lehman Brothers, Inc.
Evercore Group (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

SpectraSite

Cary, North Carolina, United States
SpectraSite, Inc. owns, leases, and licenses wireless and broadcast signal towers to wireless carriers in the United States. Its portfolio includes towers, rooftops, and in-building wireless systems.

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Buyer(S) 1

Buyer

American Tower

Boston, Massachusetts, United States

website

Category Company
Founded 1995
Sector Real Estate
Employees5,618
Revenue 8.0B USD (2020)
DESCRIPTION

American Tower is a independent owner, operator and developer of wireless and broadcast communication real estate. The Company's global portfolio includes over 99,000 owned or managed sites and is experiencing steady growth. In addition to leasing space on towers, American Tower provides customized collocation solutions through our in-building systems, outdoor distributed antenna systems and other right-of-way options, managed rooftops and services that speed network deployment. American Tower was founded in 1995 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 4 of 15
Sector (Communications) 3 of 12
Type (Add-on Acquisition) 3 of 12
State (North Carolina) 1 of 1
Country (United States) 4 of 12
Year (2005) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-02 Richland Towers

Tampa, Florida, United States

Richland Towers was one of the nation’s largest, privately owned tall tower companies. Richland also provided services including tower construction coordination, facilities operation and management, transmitter site development, tenant facility integration and remote monitoring.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-18 Xcel Telecom Pvt.

Mumbai, United States

Xcel presently owns and operates approximately 1,700 wireless communications tower sites and has a number of towers under construction. The combined entity will have around 2,000 tower sites in fifteen telecom circles and a team of approximately 240 employees.

Buy $136M
Mergr

Product

Company

Legal