Clifford Chance
Clifford Chance advises American Tower Corporation on the acquisition of wireless communication sites from Germany subsidiary of Dutch mobile operator KPN
21 November 2012
Clifford Chance advises American Tower Corporation on the acquisition of wireless communication sites from Germany subsidiary of Dutch mobile operator KPN
Clifford Chance advised American Tower Corporation on the acquisition of a wireless communication sites portfolio from German mobile operator E-Plus, a subsidiary of Dutch operator KPN. The purchase price is approx. EUR 393 million. In connection with this transaction, American Tower Corporation and E-Plus and have entered into a long-term lease agreement under which E-Plus leases back space on the communications towers which it requires for its antennae and network equipment.
As one of is a leading independent owner and operator of wireless and broadcast communication sites, American Tower's global portfolio includes more than 50,000 owned or managed sites. American Tower Corporation is listed at the New York Stock Exchange and in Standard & Poor's 500. It has a market capitalization of almost USD 30bn.
Clifford Chance has extensive experience in acquisitions of wireless and broadcast communication sites. Inter alia, in the recent past it has advised clients in acquisition not only in the US but also Central and South America, East and South Asia, Africa and more recently Western Europe.
The Clifford Chance team was led by partners John L. Graham (M&A, New York) and Dr. Christoph Witte (M&A) and comprised counsels Dr. Thomas Brunn (M&A) and Torsten Kreitlow (Commercial and Regulatory), senior associate Bernd Steffes-mies and associate Hi-Zin Pak (both M&A), counsels Cord von Mandelsloh (Tax), Dr. Ulrich Flege and Dr. Mathias Elspaß as well as senior associate Dr. Christina Schwoon (all Real Estate) – all Düsseldorf.
