American tower closes first tranche of telxius towers acquisition

Boston--(business wire)--american tower corporation (nyse: amt) today announced that it has closed the first tranche of its telxius towers acquisition, comprised of nearly 20,000 communications sites in germany and spain, for total consideration of approximately €6.2 billion (approximately $7.6 billion at current foreign currency exchange rates). the closing was funded by a combination of cash on hand and borrowings under the company's revolving credit facilities and term loans. approximately 4
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