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| [December 18, 2012] |
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American Tower Corporation Releases Information Regarding Contemplated Combination of Sprint and Clearwire
BOSTON --(Business Wire)--
American Tower Corporation (NYSE: AMT) today released information about
its business in light of Sprint's (News - Alert) contemplated acquisition of 100%
ownership of Clearwire, which is subject to regulatory approval. For the
quarter ended September 30, 2012, Sprint and Clearwire accounted for
approximately 15% and 3%, respectively, of American Tower's (News - Alert) consolidated
operating revenues. American Tower currently has separate leases for
antenna space with Sprint and Clearwire on the same site at
approximately 1,800 communications sites owned o operated by American
Tower. The revenue generated from Clearwire (News - Alert) on these sites represented
approximately 1% of American Tower's consolidated operating revenues for
the quarter ended September 30, 2012. The average remaining current term
on the long-term lease arrangements on these sites with Sprint and
Clearwire is approximately nine and five years, respectively.
American Tower is a leading independent global owner, operator and
developer of wireless communications sites. American Tower currently
owns and operates over 50,000 communications sites in the United States,
Brazil, Chile, Colombia, Ghana, India, Mexico, Peru, South Africa and
Uganda. For more information about American Tower, please visit www.americantower.com.

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