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American Tower Corporation Announces Acquisition of Tower Sites from KPN in Germany

  American Tower Corporation Announces Acquisition of Tower Sites from KPN in
  Germany

Business Wire

BOSTON -- November 15, 2012

American Tower Corporation (NYSE: AMT) today announced that it has entered
into a definitive agreement with KPN’s German subsidiary, E-Plus, under which
American Tower will acquire over 2,000 KPN tower sites in Germany for an
agreed upon purchase price of approximately €393 million. The transaction is
expected to close in the fourth quarter of 2012, subject to customary closing
conditions.

“We are pleased to announce the launch of our operations in Germany via our
acquisition of sites from KPN,” said Jim Taiclet, Chairman, President, and
Chief Executive Officer of American Tower. “With over one hundred million
subscribers and its significant growth in wireless data demand, Germany
represents the largest wireless market in Europe and an attractive complement
to our overall international portfolio mix and expansion strategy. We believe
these sites represent a compelling investment for American Tower with strong
day one cash flows and an opportunity to drive future collocation in a stable,
growing wireless market.”

About American Tower

American Tower is a leading independent global owner, operator and developer
of wireless communications sites. American Tower currently owns and operates
over 50,000 communications sites in the United States, Brazil, Chile,
Colombia, Ghana, India, Mexico, Peru, South Africa and Uganda. For more
information about American Tower, please visit www.americantower.com.

Cautionary Language Concerning Forward-Looking Statements

This press release contains statements about future events and expectations,
or “forward-looking statements,” all of which are inherently uncertain. We
have based those forward looking statements on management’s current
expectations and assumptions and not on historical facts. Examples of these
statements include, but are not limited to,statements regarding our
expectations of the acquisition of certain towers, anticipated closing dates,
and the expected cash consideration. These forward-looking statements involve
a number of risks and uncertainties. Among the important factors that could
cause actual results to differ materially from those indicated in such
forward-looking statements include market conditions for corporate debt
generally, for the securities of telecommunications companies and for our
indebtedness in particular. For other important factors that may cause actual
results to differ materially from those indicated in our forward-looking
statements, we refer you to the information contained in Item1A of our Form
10-Q for the nine months ended September 30, 2012 under the caption “Risk
Factors” and in other filings we make with the Securities and Exchange
Commission. We undertake no obligation to update the information contained in
this press release to reflect subsequently occurring events or circumstances.

Contact:

American Tower Corporation
Leah Stearns, 617-375-7500
Vice President, Investor Relations & Capital Markets