American Tower Corp (AMT) announced that it has entered into a definitive agreement to acquire 196 of Cincinnati Bell's (CBB) wireless communications towers for $100 million. Cincinnati Bell will remain a tenant on all 196 towers pursuant to a long-term Master Lease Agreement.
The acquisition is expected to close on or about December 30, 2009, and the acquisition's consideration is subject to certain closing adjustments. American Tower expects to use available cash on hand and cash equivalents to satisfy the consideration at closing.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.