Subject: [NEXTEL-1] American Tower to Acquire $100 Million of Tower Assets From NII Holdings

From: Marcel <[email-masked]>
Date: Tue, 10 Dec 2002 14:21:40 -0500

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American Tower to Acquire $100 Million of Tower Assets From NII Holdings

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American Tower to Acquire $100 Million of Tower Assets From NII Holdings
Tue,
Dec 10, 2002, 10:00 am Eastern

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About American Tower Corp.
(NYSE:AMT)

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American Tower Corporation is a wireless and broadcast communications infrastructure company. Its primary business is leasing antenna space on multi-tenant communication towers to wireless and broadcast companies. It operates a portfolio of wireless communications towers in North America, and is an independent operator of broadcast towers. The Company's tower portfolio provides it with a substantial recurring base of leasing revenues from its existing customers, the additional capacity to add more antennae to these towers and a network of towers capable of addressing the needs of wireless service providers on a national basis. American Tower operates its business in three segments: rental and management, network development services and satellite and fiber network access services.

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