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10-Q
 filed this Form 10-Q on 10/31/2017
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AMERICAN TOWER CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED AND CONDENSED CONSOLIDATED FINANCIAL STATEMENTS



The following table summarizes the allocations of the purchase prices for the fiscal year 2017 acquisitions based upon their estimated fair value at the date of acquisition (in thousands):
 
 
EMEA
 
 
 
 
FPS Towers France (1)
 
Other (2)
 
 
Preliminary Allocation
 
Updated Allocation
 
 
Current assets
 
$
31,048

 
$
33,809

 
$
6,322

Non-current assets
 
9,142

 
16,615

 
10,470

Property and equipment (3)
 
113,981

 
113,982

 
100,728

Intangible assets (4):
 
 
 
 
 
 
     Tenant-related intangible assets
 
400,901

 
399,766

 
76,827

     Network location intangible assets
 
164,441

 
165,989

 
25,416

     Other intangible assets
 
7,954

 
7,826

 
 
Current liabilities
 
(29,326
)
 
(30,855
)
 
(1,611
)
Deferred tax liability
 
(134,488
)
 
(136,022
)
 

Other non-current liabilities
 
(16,703
)
 
(20,062
)
 
(3,589
)
Net assets acquired
 
546,950

 
551,048

 
214,563

Goodwill (5)
 
224,270

 
220,172

 

Fair value of net assets acquired
 
771,220

 
771,220

 
214,563

Debt assumed
 

 

 

Purchase price
 
$
771,220

 
$
771,220

 
$
214,563

_______________
(1)
Accounted for as a business combination.
(2)
Accounted for as asset acquisitions.
(3)
Other includes 60 sites in Peru held pursuant to long-term capital leases.
(4)
Tenant-related intangible assets and network location intangible assets are amortized on a straight-line basis over periods of up to 20 years.
(5)
Primarily results from purchase accounting adjustments, which are not deductible for tax purposes.


2016 Transactions

During the nine months ended September 30, 2017, post-closing adjustments impacted the 2016 acquisitions as follows:

Viom Acquisition—On April 21, 2016, the Company acquired a 51% controlling ownership interest in Viom. Consideration for the acquisition included 76.4 billion INR in cash ($1.1 billion at the date of acquisition), as well as the assumption of approximately 52.3 billion INR ($0.8 billion at the date of the acquisition) of existing debt, which included 1.7 billion INR ($25.1 million at the date of the acquisition) of the Viom Preference Shares.
Other Acquisitions—During the year ended December 31, 2016, the Company acquired a total of 891 communications sites in the United States, Brazil, Chile, Germany, Mexico, Nigeria and South Africa, and a company holding urban telecommunications assets and fiber in Argentina, for an aggregate purchase price of $304.4 million (including contingent consideration of $8.8 million).


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