posted ayear-over-year increase in first-quarter AFFO and raised the midpoint of itsfull-year 2016 outlook.
First-quarterAFFO rose 17.3% to $602.5 million from $513.6 million in the year-ago period.AFFO per share rose to $1.41, compared to $1.25 in the 2015 first quarter.Adjusted EBITDA came to $833.1 million, up 15.1% from $723.7 million a yearearlier.
TheS&P Capital IQ consensus FFO-per-share estimate for the first quarter was$1.26.
Totalcapital expenditures were $159 million during the first quarter.
Duringthe review period, the company agreed to acquire approximately 1,350 communicationssites from Bharti Airtel's subsidiary company, Airtel Tanzania Ltd., for totalconsideration of approximately $179 million, subject to customary adjustments.The deal should close in the second quarter, subject to customary closingconditions and regulatory approval.
Thecompany raised the midpoint of its 2016 AFFO guidance by $20 million. It nowexpects full-year AFFO to be in a range of $2.38 billion to $2.47 billion,reflecting 12.8% growth at the midpoint and core growth of 17.2% at the midpoint.The outlook also includes the estimated impact of the recently closedacquisition of thecompany's Indian peer Viom Networks Ltd.
TheS&P Capital IQ consensus FFO-per-share estimate for 2016 is $5.32.