American Tower Corporation Announces Launch of Operations in Peru

Published on Monday, 09 August 2010 08:13 Written by TradersHuddle Staff

BOSTON-( Business Wire )-

American Tower Corporation’s (NYSE: AMT) Peruvian subsidiary, ATC Sitios del Peru S.R.L., today announced that it has launched operations in Peru, where it recently entered into agreements to purchase up to 468 wireless communication tower sites from Telefónica del Peru S.A.A. The Company has purchased 131 of these tower sites, on which Telefónica del Peru S.A.A. is the anchor tenant, and expects to close on the remaining sites by the end of 2010, subject to customary closing conditions.

“Building on the momentum of our recent expansion into Chile, we are excited to announce today our launch of operations in Peru,” said Jim Taiclet, Chairman, President and Chief Executive Officer. “Peru further extends our presence into yet another competitive Latin American wireless market where our existing customers currently operate. Meanwhile, our development teams will continue to evaluate future opportunities for growth and expansion within the region.”

About American Tower

American Tower is a leading independent owner, operator and developer of broadcast and wireless communications sites. American Tower currently owns and operates over 32,000 communications sites in the United States, Mexico, Brazil, Chile, Peru and India. For more information about American Tower, please visit www.americantower.com.

American Tower CorporationLeah Stearns, 617-375-7500Director, Investor Relations