American Tower Q1 up 22.6%; buys Richard Towers

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American-TowerAmerican Tower’s Q1 revenue rose 22.6% to $984.1 million and total rental and management revenue increased 23.5% to $960.1 million. After the quarter ended, the company bought 60 communications sites and related assets from Richland Properties (Richland Tower) for $385.9 million, including assumption of about $196.5 million of debt.

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