American tower closes insite wireless group acquisition

Boston--(business wire)--american tower corporation (nyse: amt) today announced that it has closed its acquisition of insite wireless group, llc (“insite”). the total consideration for the transaction, subject to certain post-closing adjustments, was approximately $3.5 billion, including the assumption or repayment of existing insite debt, and was funded by a combination of cash on hand and revolver borrowings. tom bartlett, american tower's chief executive officer stated, “we are pleased to cl
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