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.

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Source Fool.com