Britain and claims to dominate also in Denmark, Belgium, Ireland, Italy and Sweden.
The most likely buyer is French group JCDecaux, the world's second-largest outdoor group, although private equity is likely to on-sell for regulatory reasons.
In Australia, Clear Channel is 50 per cent owner with APN News Media of the "street furniture" ads group Adshel.
Street furniture, including bus shelters, is regarded as the fastest-growing segment of the outdoor advertising industry. APN, media mogul Anthony O'Reilly and private equity interests, is seen Adshel.
The board of Clear Channel Communications, whose main interests are in radio and television, is awaiting a shareholder vote on May and Bain Capital Partners.
The poll has been postponed three times to allow the bidders to increase their offer, which now stands at $US39.20, with an option to secure equity in the new company. If latest offer, the vote will be delayed by three months to allow for amendments to the original deal to be approved by regulators.
Whether or not the takeover goes ahead, Clear Channel Outdoor's assets outside the US are likely to go on the block, with the sale process beginning within weeks of the vote.
JCDecaux, which is quoted on Euronext in Paris and run by its founding family, has made no secret of its desire to acquire Clear Channel. Jean-Francois Decaux, a co-CEO, told investors in March: "It's clear that we would be interested.
" Clear Channel declined to comment.
He's a bona fide Hollywood star, and Steven Spielberg and Brad Pitt are among his fans, but what Eric Bana treasures most is his life as a suburban dad.
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