Saturday, August 13, 2022
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory
  • Login
  • Register
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
No Result
View All Result

Home > Data Center > American Tower to acquire CoreSite

American Tower to acquire CoreSite

American Tower announced that the company has entered into a definitive agreement to acquire CoreSite.


Erdem Yasar Erdem Yasar
November 16, 2021
2 min read
American Tower to acquire CoreSite

American Tower and CoreSite announced that the two companies have entered into a definitive agreement to acquire CoreSite for $170.00 per share in cash. The total consideration for the transaction is approximately $10.1 billion, including the assumption and repayment of CoreSite’s existing debt. The company expects to create a differentiated, comprehensive, and interconnected communications real estate platform with the acquisition.

$170.00 per share

Tom Bartlett, Chief Executive Officer of American Tower
Tom Bartlett, Chief Executive Officer of American Tower

CoreSite currently has 25 data centers, 21 cloud on-ramps, and over 32,000 interconnections in eight U.S. markets. The company generates annualized revenue and Adjusted EBITDA of $655 million and $343 million, respectively in the third quarter of 2021. The company also averages double-digit annual revenue growth over the past five years.

By combining the capabilities, talent, and resources, the company aims to provide better service and expanded solutions to its users. The acquisition combines American Tower’s wireless connectivity at the mobile edge and CoreSite’s highly interconnected data center facilities at the core edge to create an extended edge. The combined company will be able to support high-performance, low-latency applications seamlessly. Tom Bartlett, Chief Executive Officer of American Tower, said,

« We are in the early stages of a cloud-based, connected and globally distributed digital transformation that will evolve over the next decade and beyond. We expect the combination of our leading global distributed real estate portfolio and CoreSite’s high quality, interconnection-focused data center business to help position American Tower to lead in the 5G world. As the convergence of wireless and wireline networks accelerates and classes of communications infrastructure further align, we anticipate the emergence of attractive value creation opportunities within the digital infrastructure ecosystem. We look forward to welcoming CoreSite’s talented team to American Tower and working together to capitalize on those opportunities to drive enhanced long-term value creation for our customers and shareholders as we continue to connect billions of people across the globe. »

See more Data Center News


Tags: American TowerCoreSite

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Next Post
Zesty raises $35M to simplify cloud management

Zesty raises $35M to simplify cloud management

Related News

We might need DNA storage systems by 2030

We might need DNA storage systems by 2030

August 13, 2022 11:00 am
Electrical explosion at Google U.S datacenter

Electrical explosion at Google U.S datacenter

August 10, 2022 1:59 pm
AREP taps two prominent telecom veterans

AREP taps two prominent telecom veterans

August 8, 2022 10:15 pm
Xtel launches new data center in New York City market

Xtel launches new data center in New York City market

August 7, 2022 9:35 pm
Get free daily newsletters from Cloud7 News Get the Cloud7 Newsletter

Check your inbox or spam folder to confirm your subscription.

By subscribing, you agree to our
Copyright Policy and Privacy Policy

Get the Cloud7 Newsletter

Sign up for the Cloud7 Newsletter to receive the latest IT business updates straight to your inbox daily.

Check your inbox or spam folder to confirm your subscription.

Editor's Choice

Interview with Igor Seletskiy on AlmaLinux

7 best hosting control panels

How to update Linux Kernel without rebooting?

7 best Linux mail servers for 2022

7 best cPanel alternatives for 2022

7 best Linux web browsers for 2022

7 best CentOS alternatives

7 best Linux server distros for 2022

How to scan your server for Log4j (Log4Shell) vulnerability

10 Best Web Hosting Services of 2022

AlmaLinux 8.6 Stable is ready to download

Ubuntu 22.04 LTS is available for download. What is new?

Kali Linux 2022.2 is ready for download

Recent News

  • [Event] WordPress: Don’t underestimate the power of plugins
  • Snap app of the week: Motrix
  • We might need DNA storage systems by 2030
  • Rackspace achieved QSAC status for PCI DSS across EMEA
  • Ubuntu 22.04.1 is now available for download after a little delay


Cloud7 is a news source that publishes the latest news, reviews, comparisons, opinions, and exclusive interviews to help tech users of high-experience levels in the IT industry.

EXPLORE

  • Web Hosting
  • Cloud Computing
  • Data Center
  • Cybersecurity
  • Linux
  • Network/Internet
  • Software
  • Hardware
  • How-Tos
  • Troubleshooting

RESOURCES

  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

Get the Cloud7 Newsletter

Get FREE daily newsletters from Cloud7 delivering the latest news and reviews.

  • About
  • Privacy & Policy
  • Copyright Policy
  • Contact

© 2022, Cloud7 News. All rights reserved.

No Result
View All Result
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

© 2022, Cloud7 News. All rights reserved.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.