November 19, 2009 (FinancialWire) — American Tower Corp. (NYSE: AMT) has entered into a definitive agreement to acquire 196 of Cincinnati Bell Inc.’s (NYSE: CBB) wireless communications towers for $100 million.

The towers are located primarily in Ohio and Kentucky and currently average 2.1 tenants per tower. Cincinnati Bell will remain a tenant on all 196 towers under a long-term Master Lease Agreement.

Boston-based American Tower is an independent owner, operator and developer of broadcast and wireless communications sites. The company currently owns and operates over 26,700 communications sites in the United States, Mexico, Brazil and India.

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