American Tower Says MetroPCS Accounted for 2% of Revenue

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American Tower Corporation
AMT
today released information about its business in light of T-Mobile USA's contemplated combination with MetroPCS, which is subject to regulatory approval. For the quarter ended June 30, 2012, T-Mobile and MetroPCS accounted for approximately 7% and 2%, respectively, of American Tower's consolidated operating revenues. American Tower currently has separate leases for antenna space with T-Mobile and MetroPCS on the same site at approximately 1,000 communications sites owned or operated by American Tower. The combined revenue generated from T-Mobile and MetroPCS on these sites represented approximately 1% of American Tower's consolidated operating revenues for the quarter ended June 30, 2012. The average remaining current term on the long-term lease arrangements on these sites with T-Mobile and MetroPCS is approximately nine years.
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