American Tower is an independent owner, operator, and developer of wireless and broadcast communications real estate, with a global portfolio encompassing approximately 225,000 communications sites. The company specializes in providing solutions through various infrastructure services, including in-building systems, outdoor distributed antenna systems, and managed rooftops, which facilitate efficient network deployment. With a significant presence in multiple regions, American Tower operates over 40,000 cell towers in the United States, accounting for nearly half of its total revenue in 2023. Internationally, the company manages more than 75,000 towers in India, about 50,000 in Latin America, predominantly in Brazil, approximately 30,000 in Europe, and nearly 25,000 in Africa. Additionally, American Tower has expanded its operations to include the management of 28 data centers across ten U.S. markets, following its acquisition of CoreSite. The company maintains a concentrated customer base, with a majority of its revenue derived from a few dominant mobile carriers in each market.
Executive Vice President and President, US Tower Division
Steven Marshall
Executive Vice President and Executive
16 past transactions
Coresite
Acquisition in 2021
CoreSite Realty Corporation owns, develops, and operates data centers in certain data center markets in the United States, including Los Angeles, the San Francisco Bay and Northern Virginia areas, Chicago, and New York City. Its customer base consists of enterprise customers, communications service providers, media and content companies, government agencies, and educational institutions.
AST SpaceMobile
Post in 2021
AST SpaceMobile is a satellite designer and manufacturer headquartered in Midland, Texas, focused on creating the first global broadband cellular network in space. Founded in 2017, the company aims to provide direct connectivity to standard, unmodified mobile devices, addressing the connectivity gaps faced by billions of mobile subscribers worldwide. By leveraging its extensive intellectual property and patent portfolio, AST SpaceMobile is developing a service that offers cost-effective, high-speed cellular broadband to users in areas lacking terrestrial cellular coverage. The company's mission is to connect the unconnected by enabling reliable mobile communication for those who currently lack access to broadband services.
InSite Wireless Group
Acquisition in 2020
InSite Wireless Group is a telecommunications infrastructure provider that specializes in supporting wireless carriers. Established in 2000 and headquartered in Alexandria, Virginia, the company comprises three operating entities: InSite Wireless, LLC, which focuses on distributed antenna infrastructure solutions; InSite Connect, LLC, which offers backhaul services; and InSite Towers, LLC, which develops and manages telecommunications towers and sites. InSite Wireless Group operates across the United States, Puerto Rico, the U.S. Virgin Islands, and Canada, enabling carriers to effectively manage the growing demands of voice and data traffic. The company addresses coverage and capacity challenges in various environments, ensuring reliable connectivity for users.
AST SpaceMobile
Series B in 2020
AST SpaceMobile is a satellite designer and manufacturer headquartered in Midland, Texas, focused on creating the first global broadband cellular network in space. Founded in 2017, the company aims to provide direct connectivity to standard, unmodified mobile devices, addressing the connectivity gaps faced by billions of mobile subscribers worldwide. By leveraging its extensive intellectual property and patent portfolio, AST SpaceMobile is developing a service that offers cost-effective, high-speed cellular broadband to users in areas lacking terrestrial cellular coverage. The company's mission is to connect the unconnected by enabling reliable mobile communication for those who currently lack access to broadband services.
Federated Wireless
Series C in 2019
Federated Wireless, Inc. is a company that specializes in wireless broadband network management, focusing on the development of private wireless and shared spectrum services. Founded in 2012 and headquartered in Arlington, Virginia, the company offers spectrum controller solutions that facilitate the efficient use of wireless spectrum for mobile broadband. Its technology supports various sectors, including telecommunications, logistics, manufacturing, energy, hospitality, education, and retail, enabling use cases such as private wireless networks, industrial IoT applications, and network densification. Federated Wireless has established a partner ecosystem with over 50 solution and edge partners, collaborating to advance the development and deployment of shared spectrum services. Through its innovative approach, the company aims to enhance existing LTE networks and enable secure spectrum sharing for both government and commercial users without compromising service quality.
Eaton
Acquisition in 2019
Eaton Towers is a leading, independent, telecom tower company in Africa and will have the most diversified geographical tower portfolio in Africa. Founded in 2008 by Sanjiv Ahuja (ex CEO Orange), Alan Harper (ex Vodafone UK MD) and Terry Rhodes (ex Celtel co-founder), Eaton Towers acquires, builds and manages shared telecom infrastructure, leasing it to mobile operators. The company is focused exclusively on Africa with more than 5000 towers in 7 countries. Operational since 2010, Eaton Towers is majority owned by the sixth global emerging markets private equity fund ($3billion) of Capital Group Private Markets (www.thecapitalgroup.com/pe) and minority shareholders including a private equity fund advised by DPI (www.dpi-llp.com) and management. African mobile network operators are facing increased demand for voice services driven by price competition and for data services as more customers demand smartphones and Internet access. Network build and operating costs are significantly higher in Africa, yet revenues per customer are falling and regulators are seeking additional rural coverage and improvements in quality of service. Therefore mobile network operators are actively seeking to reduce capital and operating costs by sharing infrastructure. Eaton Towers’ customers include major African mobile operators such as Airtel, MTN, Orange, Tigo, Vodacom and Vodafone.
Colo ATL
Acquisition in 2019
Colo ATL, established in November 2001, is a telecommunications service provider based in Atlanta, Georgia. The company operates a carrier-neutral colocation and Meet Me Room (MMR) facility located in a prominent carrier hotel at 55 Marietta Street. The colocation space encompasses 1,470 square feet on the 5th floor and 16,034 square feet on the 8th floor, designed to facilitate cross-connections among tenants and carriers. Colo ATL enables companies to connect with other carriers within the building through two vertical fiber risers and offers additional connectivity options to 56 Marietta Street via diverse fiber connections. The facility is SSAE 16 certified, ensuring secure and reliable data center and interconnection services for its clients.
Federated Wireless
Series B in 2017
Federated Wireless, Inc. is a company that specializes in wireless broadband network management, focusing on the development of private wireless and shared spectrum services. Founded in 2012 and headquartered in Arlington, Virginia, the company offers spectrum controller solutions that facilitate the efficient use of wireless spectrum for mobile broadband. Its technology supports various sectors, including telecommunications, logistics, manufacturing, energy, hospitality, education, and retail, enabling use cases such as private wireless networks, industrial IoT applications, and network densification. Federated Wireless has established a partner ecosystem with over 50 solution and edge partners, collaborating to advance the development and deployment of shared spectrum services. Through its innovative approach, the company aims to enhance existing LTE networks and enable secure spectrum sharing for both government and commercial users without compromising service quality.
Viom Networks
Acquisition in 2015
Viom Networks operates and manages telecommunication towers for telecom service providers in India.
BR Towers
Acquisition in 2014
The TOWERS BR is a company of the towers, which focuses highly qualified with extensive experience in the telecommunications industry professionals sharing services. With a national team, the company was established in mid-2012 with contributions from GP Investments and private equity fund of Bradesco. Currently has more than 4000 sites throughout the Brazilian territory. In February 2013, incorporated SiteSharing, Brazilian company founded in 2003, specializes in custom projects and has operated in the leasing and maintenance of telecom towers across the country, adding new sites and more experience in team development and business operations.
Global Tower Partners
Acquisition in 2013
Global Tower Partners is the largest privately-owned tower operator in the United States and the fourth largest independent operator in the country. The company owns, manages, or master leases over 15,000 wireless sites, including 6,400 towers located throughout the U.S., Mexico, and Costa Rica. Global Tower Partners specializes in the development, leasing, and management of communications towers and related wireless infrastructure. It provides space for telecommunications carriers and other users of wireless technology on towers and rooftops in urban, suburban, and key corridor locations.
Essar Telecom Infrastructure
Acquisition in 2010
Essar Telecom Infrastructure Pvt. Ltd. (ETIL) is part of one of the leading Business conglomerate, ESSAR with an Enterprise value of over US $20 billion (Rs. 80,000 crores). The Essar Group has its interests spanning the manufacturing and the service sectors: Steel, Oil& Gas, Power, Telecom & BPO, Shipping & Logistics and Construction. The synergy that ETIL derives from its Group companies; Essar Steel (quality raw material), Essar Constructions (Project management best practices), Essar Shipping & Logistics (Logistics and Supply Chain Management) and Vodafone Essar (Telecom services) puts us in a unique position to meet the infrastructure requirements of a Telecom Service Provider and fulfill the same in the most efficient and cost effective manner. ETIL is committed to provide the best Passive Infrastructure Provisioning Service to the Telecom Service providers and continue innovating to meet the growing demand optimally.
Transcend Infrastructure
Acquisition in 2009
Transcend Infrastructure Limited specializes in providing wireless infrastructure services in the eastern and northeastern regions of India. Established in 2007 and headquartered in New Delhi, the company owns and operates approximately 325 wireless communication sites, which include ground-based, rooftop, and pole installations. Transcend Infrastructure focuses on developing, managing, and leasing these sites for licensed mobile telecommunications operators. As a subsidiary of Insight Infrastructure Pte Ltd, it plays a crucial role in supporting the telecommunications sector in states such as Bihar, Orissa, West Bengal, and Assam.
SpectraSite Communications
Acquisition in 2005
SpectraSite, owns, leases, and licenses wireless and broadcast signal towers to wireless carriers in the United States. Its portfolio includes towers, rooftops, and in-building wireless systems. The company also provides in-building systems and rooftop management services to telecommunications carriers.
Streampipe.com
Venture Round in 2000
Streampipe.com specializes in the technical and implementation aspects of internet-delivered media. It was launched in 1992 and is based in Alexandria, Virginia.
UNIsite
Acquisition in 1999
UNIsite provided shared tower sites, site development and site management services to cellular/wireless operators.
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