News: American Tower Corp (AMT)

AMT on New York Consolidated

95.14USD
15 Sep 2014
Price Change (% chg)

$-0.87 (-0.91%)
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Mon, Sep 15 2014

Nextel carrier NII files for bankruptcy protection as debt soars

SAO PAULO - NII Holdings Inc , the parent of Nextel operators in Latin America, filed for U.S. bankruptcy protection on Monday after struggling for years with debt, fierce competition in Brazil and Mexico, and a dispute with a U.S. hedge fund.

INDIA PRESS-American Tower Corp on top in race for Viom with 190 bln-rupee bid-Economic Times

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Aby Jose Koilparambil in Bangalore)

Fitch Rates American Tower's Debt Offering 'BBB'; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, August 04 (Fitch) Fitch Ratings has assigned a 'BBB' rating to American Tower Corporation's (AMT) proposed offering of benchmark-sized senior unsecured debt due in 2021. Proceeds from the offering will be used to repay outstanding revolver borrowings, which on a June 30, 2014 adjusted basis totaled approximately $923 million, and for general corporate purposes. The adjusted basis includes $140 million borrowed in July 2014

UPDATE 1-India's Viom looking at stake sale or overseas IPO to raise funds-sources

* Indian telecom tower firms recovering after 2012 setback (Adds details on stake sale, banks' names, company valuation, industry context)

India Reliance Industries' telecoms unit in tower lease pact with ATC

NEW DELHI, April 21 - Indian conglomerate Reliance Industries' telecommunications unit, which holds nationwide 4G permits, has agreed to lease mobile phone masts from infrastructure provider American Tower Corporation's (ATC) local arm, the companies said in a statement on Monday.

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