American Tower Closes Airtel Transaction  

Last week, American Tower announced that it has closed its previously announced acquisition of 4,700 communication sites in Nigeria from Bharti Airtel Limited. “We are pleased to announce the launch of our operations in Nigeria while expanding our relationship with Airtel, one of the leading multinational operators in the world,” said Jim Taiclet, Chairman, President and Chief Executive Office, said in November 2014 when the deal was announced. “With the largest population and economy in Africa and relatively underdeveloped wireless infrastructure, we view Nigeria as a tremendous growth opportunity. Further, we expect this investment to support our long-term objective of generating double-digit AFFO per share growth for our stockholders.”