American Tower Corporation Announces Agreement With Illinois PCS, a Sprint PCS Affiliate, to Acquire 75 Communications Sites.

BOSTON--(BUSINESS WIRE)--June 8, 1999--

American Tower Corporation (NYSE:AMT) announced today that it has entered into a purchase agreement to acquire approximately 75 communications sites in central and southern Illinois from Illinois PCS, a Sprint PCS affiliate (NYSE:PCS).

The 75 sites, currently under construction, with the majority anticipated to be completed by the end of 1999, will expand the Sprint PCS digital wireless service area managed by Illinois PCS. This acquisition will allow American Tower to continue its rapid growth in the region and provide greater leasing opportunities for Illinois PCS and other wireless carriers.

Tim Yager, President and Chief Executive Officer of Illinois PCS, stated, "We are extremely pleased to select American Tower for this important tower buildout and look forward to creating a strong relationship for future development needs."

Sonny Peterman, Vice President of American Tower's Midwest Region, said, "We are thrilled to join forces with Illinois PCS and look forward to developing a deeper relationship with Sprint PCS. The addition of these 75 towers is another step in building our presence in the Midwest region."

American Tower is a leading independent owner, operator and developer of broadcast and wireless communications sites in the United States and, giving effect to pending transactions, operates more than 3,400 towers in 44 states and the District of Columbia. American Tower also owns and operates or has under development over 70 broadcast towers and over 75 satellite antennas in various locations across the United States. Based in Boston, American Tower has a national footprint with regional hubs in Boston, Atlanta, Chicago, Houston and San Francisco.

Sprint PCS operates the largest 100 percent digital, 100 percent PCS nationwide wireless network in the United States, already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities across the country. Sprint PCS has licensed PCS coverage of nearly 270 million people in all 50 states, Puerto Rico and the U.S. Virgin Islands. For more information, visit the Sprint PCS web site at http://www.sprintpcs.com. Sprint PCS is a wholly-owned tracking group of Sprint Corporation trading on the NYSE under the symbol "PCS."

Sprint is a global communications company at the forefront in integrating long distance, local and wireless communications services and one of the world's largest carriers of Internet traffic. Sprint built and operates the United States' only nationwide all-digital, fiber optic network and is a leader in advanced data communications services. Sprint has $17 billion in annual revenues and serves more than 17 million business and residential customers.

This press release contains "forward-looking statements" concerning future expectations, plans or strategies that involve a number of risks and uncertainties. American Tower wishes to caution readers that certain factors may have affected American Tower's actual results and could cause results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of American Tower. Such factors include, but are not limited to (i) substantial capital requirements and leverage principally as a consequence of its ongoing acquisitions and construction activities, (ii) dependence on demand for wireless communications and implementation of digital television, (iii) the success of American Tower's tower construction program and (iv) the successful operational integration of American Tower's business acquisitions. American Tower undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.