[November 19, 2009] American Tower To Buy Cincinnati Bell Towers Tweet Nov 19, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/19/american-tower-to-buy-cincinnati-bell-towers/) November 19, 2009 (FinancialWire) -- American Tower Corp. (NYSE: AMT) has entered into a definitive agreement to acquire 196 of Cincinnati Bell Inc.'s (NYSE: CBB) wireless communications towers for $100 million. The towers are located primarily in Ohio and Kentucky and currently average 2.1 tenants per tower. Cincinnati Bell will remain a tenant on all 196 towers under a long-term Master Lease Agreement. Boston-based American Tower is an independent owner, operator and developer of broadcast and wireless communications sites. The company currently owns and operates over 26,700 communications sites in the United States, Mexico, Brazil and India. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via [email protected]. Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). http://www.financialwire.net [ Back To TMCnet.com's Homepage ]