American Tower Moves Into the Clouds with $10 Billion Data Center Deal
American Tower (NYSE: AMT) is moving further into the data infrastructure space by acquiring data center REIT CoreSite Realty (NYSE: COR). The transformative transaction combines American Tower's global communication tower footprint with CoreSite's U.S. data center business to create an integrated data infrastructure giant. That positions American Tower to become a leader in 5G infrastructure.
Here's a closer look at the deal and what it means for American Tower's future.
Image source: Getty Images.
Source Fool.com
