American Tower Corp. has plans to acquire CoreSite Realty Corp. for $10.1 billion.
CoreSite portfolio consists of 25 data centers, 21 cloud on-ramps and more than 32,000 interconnections in eight major U.S. markets as of third quarter 2021.
Tom Bartlett, American Tower’s CEO, 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
