Cleary Gottlieb is representing American Tower in its acquisition of InSite Wireless Group (InSite).
The total consideration for the transaction, including cash acquired and American Tower’s assumption and/or repayment of InSite debt at closing, is approximately $3.5 billion, subject to customary closing adjustments.
American Tower, one of the largest global REITs, is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of over 181,000 communications sites.
InSite is one of the largest privately owned tower and wireless infrastructure companies in the U.S., as ranked by the wireless industry trade publication Wireless Estimator. Its long-term principal equity investors include Cox Enterprises, Macquarie Infrastructure Partners, and Catalyst Investors.
For more information, please see the press release here.