American Tower Corporation AMT today released information about its
business in light of Sprint's S contemplated acquisition of 100% ownership of
Clearwire CLWR, 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 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
or operated by American Tower. The revenue generated from Clearwire 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.
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