American Tower Corporation Announces Launch of Operations in Peru

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American Tower Corporation Announces Launch of Operations in Peru

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American Tower Corporation Announces Launch of Operations in Peru

//science-technology.news-articles.net/content/2 .. tion-announces-launch-of-operations-in-peru.html

Published in Science and Technology on Monday, August 9th 2010 at 5:05 GMT by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

BOSTON--([ BUSINESS WIRE ])--American Tower Corporationa�s (NYSE: AMT) Peruvian subsidiary, ATC Sitios del Peru S.R.L., today announced that it has launched operations in Peru, where it recently entered into agreements to purchase up to 468 wireless communication tower sites from Telefnica del Peru S.A.A. The Company has purchased 131 of these tower sites, on which Telefnica del Peru S.A.A. is the anchor tenant, and expects to close on the remaining sites by the end of 2010, subject to customary closing conditions.

"Building on the momentum of our recent expansion into Chile, we are excited to announce today our launch of operations in Peru"

aBuilding on the momentum of our recent expansion into Chile, we are excited to announce today our launch of operations in Peru,a said Jim Taiclet, Chairman, President and Chief Executive Officer. aPeru further extends our presence into yet another competitive Latin American wireless market where our existing customers currently operate. Meanwhile, our development teams will continue to evaluate future opportunities for growth and expansion within the region.a

About American Tower

American Tower is a leading independent owner, operator and developer of broadcast and wireless communications sites. American Tower currently owns and operates over 32,000 communications sites in the United States, Mexico, Brazil, Chile, Peru and India. For more information about American Tower, please visit [ www.americantower.com ].