0
Mobile & Wireless

American Tower buys KPN masts in Germany

Thursday 15 November 2012 | 10:49 CET | News

American Tower has agreed to buy over 2000 KPN tower sites in Germany for EUR 393 million after inking a deal with KPN's E-Plus unit. The transaction is expected to close in the fourth quarter of this year, subject to customary closing conditions.

KPN said it expects to make a book profit of around EUR 100 million from the sale of 2000 masts in Germany to American Tower for EUR 393 million. The Dutch operator will use the cash proceeds to accelerate its mobile network roll-out in Germany and to improve its net debt position. The outlook for 2012 remains unchanged following the transaction.

American Tower CEO Jim Taiclet said that as a consequence of the deal, it has launched operations in Germany. "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 complement to our overall international portfolio mix and expansion strategy. We believe these sites represent a compelling investment for American Tower with strong day one cash flows and an opportunity to drive future collocation in a stable, growing wireless market," Taiclet said.

Located throughout Germany, the mobile towers are used by both E-Plus and other mobile network operators to house network equipment. As part of this transaction, E-Plus and American Tower Corporation have entered into a long-term master lease agreement under which E-Plus leases back space on the mobile towers which it requires for its own network equipment. Currently, E-Plus already leases space on a large number of mobile towers in Germany.


Categories: Mobile & Wireless
Companies: American Tower Corporation / E-Plus / KPN
Countries: Germany / Netherlands
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






18,000+ KM
Eurofiber owns more than 18,000 km of optical fibre cable
Netherlands  |  2014 Q2

Calendar   /   Industry Events

21 Oct Verizon Q3 2014
21 Oct Comptel Q3 2014
21 Oct Broadcom Q3 2014
21 Oct Broadband World Forum
21 Oct Iran Telecoms & IT 2014 Global Summit
21 Oct Customer Experience Management in Telecoms
22 Oct EE Q3 2014
22 Oct DTAC Q3 2014
22 Oct Turk Telekom Q3 2014
22 Oct NXP Semiconductors Q3 2014
22 Oct AT&T Q3 2014
22 Oct EMC Q3 2014
22 Oct Polycom Q3 2014
22 Oct Millicom Q3 2014
22 Oct Espial Q3 2014
22 Oct Orange Polska Q3 2014
22 Oct Logitech Q3 2014
22 Oct Infinera Q3 2014
22 Oct Fortinet Q3 2014
23 Oct Rogers Communications Q3 2014
23 Oct ADVA Optical Networking Q3 2014
23 Oct Nokia Q3 2014
23 Oct Altera Q3 2014
23 Oct Sonus Networks Q3 2014
23 Oct Sequans Communications Q2 2014
23 Oct Tele2 Q3 2014
23 Oct Telekom Austria Q3 2014
23 Oct America Movil Q3 2014
23 Oct Orange Q3 2014
23 Oct 2nd Enterprise Mobility China Summit 2014
::: More Calendar Items