American Tower to Buy Data Center Manager CoreSite in $10.1 Billion Deal – Barrons

American Tower will acquire data center management company CoreSite in a deal valued at $10.1 billion, the companies announced Monday.

American Tower (ticker: AMT), a real estate investment trust, is one of the largest global owners of wireless towers and related real estate, managing about 219,000 communication sites. The acquisition is expected to create a comprehensive communications real estate platform to benefit from the shift to 5G networks.


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