American Tower Says Leap Wireless Accounts For 2% Of Revenue In March Quarter

(RTTNews) - American Tower Corp. (AMT), an independent owner, operator and developer of wireless and broadcast communications real estate, Monday released information about its business in light of AT&T's planned acquisition of Leap Wireless. For the three-month period ended March 31, AT&T and Leap Wireless accounted for approximately 17 percent and 2 percent, respectively, of American Tower's consolidated operating revenues.

American Tower currently has separate leases for antenna space with AT&T and Leap Wireless on the same site at approximately 1,066 communications sites owned or operated by American Tower. The revenue generated from Leap Wireless on these sites represented less than 1 percent of American Tower's consolidated operating revenues for the quarter ended March 31. The average remaining non-cancellable current lease term on these sites with AT&T and Leap Wireless is about 7 years, American Tower said.