T-Mobile and American Tower Sign New Milestone Multiyear Agreement
September 15 2020 - 7:30AM
Business Wire
T-Mobile (NASDAQ: TMUS) and American Tower Corporation (NYSE:
AMT) announced today that the companies have signed a new long-term
agreement designed to drive significant value for both parties over
its nearly 15-year term. The new agreement enhances T-Mobile’s
access to American Tower’s U.S. sites while locking in synergies
and facilitating T-Mobile’s continued rapid, efficient deployment
of broad and deep nationwide 5G. The agreement also provides
long-term revenue growth visibility to American Tower.
“Wireless mobility has never been more critical for consumers
and businesses alike, and as technology continues to advance into
5G and beyond, that will only increase,” said Neville Ray,
President of Technology at T-Mobile. “Through our multiyear
agreement with American Tower, we’ve secured T-Mobile’s ability not
only to accelerate our aggressive 5G build, but also to continue to
deliver connectivity for our customers well into the future.”
The new agreement ensures T-Mobile can serve Americans’ wireless
needs for years to come and allows T-Mobile to increase momentum on
its rapid 5G deployment, adding coverage and enhancing speed in
thousands of cities and towns across the country.
“We look forward to strengthening our valued partnership with
T-Mobile through this mutually beneficial, long-term agreement,”
said Tom Bartlett, CEO, American Tower Corporation. “We’re excited
to help T-Mobile deploy next-generation 5G service across the
country quickly and efficiently by utilizing our extensive
nationwide portfolio of communications sites.”
About T-Mobile US, Inc.
T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged
Un-carrier, delivering an advanced 4G LTE and transformative
nationwide 5G network that will offer reliable connectivity for
all. T-Mobile’s customers benefit from its unmatched combination of
value and quality, unwavering obsession with offering them the best
possible service experience and undisputable drive for disruption
that creates competition and innovation in wireless and beyond.
Based in Bellevue, Wash., T-Mobile provides services through its
subsidiaries and operates its flagship brands, T-Mobile, Metro by
T-Mobile and Sprint. For more information please visit:
http://www.t-mobile.com.
About American Tower
American Tower, one of the largest global REITs, is a leading
independent owner, operator and developer of multitenant
communications real estate with a portfolio of approximately
181,000 communications sites. For more information about American
Tower, please visit www.americantower.com.
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T-Mobile US, Inc. Media T-Mobile US, Inc. Media Relations
MediaRelations@t-mobile.com
Investor Relations investor.relations@t-mobile.com
http://investor.t-mobile.com
American Tower Igor Khislavsky Vice President, Investor
Relations Telephone: (617) 375-7500 Email:
Investor.relations@americantower.com
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