American Tower Corporation to Acquire Additional Texas Facility with the Purchase of Dallas/Fort Worth Teleport.

BOSTON--(BUSINESS WIRE)--June 23, 1999--

American Tower Corporation (NYSE:AMT) announced today that it has entered into an agreement to acquire Dallas/Fort Worth Teleport. Dallas/Fort Worth Teleport will be the latest addition to ATC Teleports Inc., a wholly owned subsidiary of American Tower Corporation, which presently operates facilities in New York, Texas and Washington, D.C.

The Dallas/Fort Worth Teleport, a full-service satellite telecommunications facility in Irving, Texas, has provided national service since 1984. The teleport supports 16 antennas that offer video, voice and data services, accessing any satellite in the U.S. domestic arc, the Morelos and Solidaridad systems, PanAmSat 1 and 3R, TDRSS AOR, Orion 1 and the Anik system.

Alan Box, Executive Vice President and Director of American Tower Corporation, said, "Strategically, the Dallas/Fort Worth Teleport fits very well in our growing national network of teleports. It adds needed antenna capacity as well as greater penetration in the Central and South American voice and data markets."

ATC Teleports is a leading provider of domestic and international satellite services. Giving effect to pending transactions, the company owns and operates more than 90 satellite earth stations accessing most major satellite systems from U.S. teleport locations in New Jersey, Washington and Dallas. ATC Teleports supplies terrestrial connections to major points of presence (POPs), co-location facilities and switching centers. It has 24x7 Technical Operations Centers located at 60 Hudson Street in New York, One Main Place in Dallas and in Alexandria, Virginia. The teleports provide complete engineering, management, and technical assistance for full-time and occasional-use video, Internet, data, and voice applications.

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, including 185 broadcast tower sites, in 44 states and the District of Columbia. Based in Boston, American Tower has a national footprint with regional hubs in Boston, Atlanta, Chicago, Houston and San Francisco. For more information about ATC Teleports and American Tower Corporation, please visit our web sites www.atcteleports.com and www.americantower.com.

This press release contains "forward-looking statements" concerning future expectations, plans or strategies that involve a number of risks and uncertainties. The Company wishes to caution readers that certain factors may have affected the Company'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 the Company. 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, use of satellites for internet data transmission, and implementation of digital television, (iii) the success of the Company's tower construction program and (iv) the successful operational integration of the Company's business acquisitions. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.