Nasdaq-listed American Tower Corporation (ATC), a leading provider of wireless and broadcast towers worldwide, has bought Transcend Infrastructure from Singapore-based Insight Infrastructure for Rs 95 crore.

The latest deal is the second acquisition of ATC in 2009. Earlier, this year the company acquired 100% stake in XCEL Telecom Pvt. Ltd for around Rs 800 crore. Transcend owns and operates approximately 325 wireless communication sites in Bihar, Orissa, West Bengal, Assam and North East and has an average tenancy of 1.3 on its sites.

With latest acquisition, ATC's combined India portfolio exceeds 2,500 sites. ATC plans to utilize the Transcend platform to jump start its growth in the eastern circles where a majority of cellular operators are rolling out their networks.