BOSTON-Cell tower REIT American Tower Corp. said Friday it had entered into a definitive agreement to acquire 100% of the outstanding common membership interests of private REIT MIP Tower Holdings LLC, the parent company of rival Global Tower Partners, for $4.8 billion including the assumption of $1.5 billion in debt. The acquisition will add more than 15,000 communications sites under ownership or management to Boston-based American Tower’s global portfolio of more than 56,000 such sites.

GTP is majority owned by Macquarie Infrastructure Partners, along with minority partners including Dutch pension fund manager PGGM. Its portfolio, which American Tower believes will add about $345 million in revenues and $270 million in gross margin during 2014, is concentrated mainly in the US, although GTP also owns 500 communications sites in Costa Rica.

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