Market Overview

American Tower Acquire 2,000 Tower Sites from KPN in Germany

American Tower Corporation (NYSE: AMT) today announced that it has
entered into a definitive agreement with KPN's German subsidiary,
E-Plus, under which American Tower will acquire over 2,000 KPN tower
sites in Germany for an agreed upon purchase price of approximately €393
million. The transaction is expected to close in the fourth quarter of
2012, subject to customary closing conditions.

“We are pleased to announce the launch of our operations in Germany via
our acquisition of sites from KPN,” said Jim Taiclet, Chairman,
President, and Chief Executive Officer of American Tower. “With over one
hundred million subscribers and its significant growth in wireless data
demand, Germany represents the largest wireless market in Europe and an
attractive

See full press release

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