On April 3rd 2014 Richland Towers was acquired by American Tower Corporation. http://www.aglmediagroup.com/american-tower-details-richland-towers-purchase/. American Tower officials provided some color on the acquisition of 60 tall towers from Richland Towers, which occurred subsequent to the end of the first quarter. The transaction amounted to nearly $450 million in total consideration plus the assumption of $197 million in secured debt, according to Tom Bartlett, company CFO. The towers are populated mostly by radio and television broadcasters, but American Tower may have some creative ideas for additional tenants. “We picked up 60 high-quality U.S. towers in early April to further cement our leading tall tower position in the United States,” Bartlett said. “We expect that these types of towers may also be a platform for fixed broadband wireless video in the future.” American Tower is increasing its outlook for adjusted EBITDA by $50 million, in part because of the expected $20 million contribution from the Richland Tower portfolio.
View Top Employees from Richland TowersWebsite | http://www.americantower.com |
Ticker | AMT |
Revenue | $7.58 billion |
Employees | 9 (3 on RocketReach) |
Founded | 1996 |
Address | 116 Huntington Ave 11TH Fl, Boston, Massachusetts 02116, US |
Phone | (617) 375-7500 |
Fax | (617) 375-7575 |
Industry | Telecommunications, Telephony & Wireless, Wireless Communications Equipment |
Web Rank | 356510 |
Web Visits | 74460 |
Keywords | American Tower, American Tower Corporation, Office 365, American Tower Germany, American Tower Investor Relations, Americal Tower |
Competitors | Arqiva, BAI Communications, Crown Castle, Mobilitie, Stellar Management |
SIC | SIC Code 481 Companies, SIC Code 48 Companies |
NAICS | NAICS Code 3342 Companies, NAICS Code 334 Companies, NAICS Code 532 Companies, NAICS Code 33 Companies, NAICS Code 53 Companies, NAICS Code 5323 Companies |
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The Richland Towers annual revenue was $7.58 billion in 2023.
3 people are employed at Richland Towers.
Richland Towers is based in Boston, Massachusetts.
The NAICS codes for Richland Towers are [3342, 334, 532, 33, 53, 5323].
The SIC codes for Richland Towers are [481, 48].