Macquarie buys Global Towers for $1.4B

Australia's Macquarie Communication Infrastructure Group agreed to acquire U.S.-based Global Tower Partners from Blackstone Group in a deal worth $1.43 billion. Macquarie Communications will take a 28.7 percent stake in GTP, while sister company Macquarie Infrastructure Partners will take a 56.2 percent stake. The remaining stakes will go to unlisted Macquarie bank funds and GTP management. GTP owns 2,500 towers and 4,600 rooftop wireless communication sites in the U.S. and Puerto Rico. Most of GTP's revenue comes from long-term contracts with AT&T, Sprint Nextel, T-Mobile USA and Verizon Wireless, among others.

For more on the deal:
- read this article from WSJ (sub. req.)

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