Welcome to our dedicated page for American Tower news (Ticker: AMT), a resource for investors and traders seeking the latest updates and insights on American Tower stock.
American Tower Corporation (AMT) operates as a global leader in wireless communications infrastructure, providing essential cell tower and data center assets that power modern connectivity. This news hub offers investors and industry observers a centralized resource for tracking the REIT's strategic developments and market position.
Our curated collection features official press releases and third-party analysis covering network expansion projects, tower leasing agreements, and data center operations. Users can monitor critical updates including regulatory filings, technology partnerships, and international market entries that shape the company's role in global telecommunications infrastructure.
The repository serves as a strategic monitoring tool for tracking AMT's operational footprint across 25+ countries and its responses to evolving 5G deployment demands. Content is organized to highlight infrastructure investments, tenant diversification efforts, and capital allocation strategies fundamental to understanding this REIT's performance drivers.
Bookmark this page for streamlined access to verified updates about American Tower's tower portfolio growth, spectrum technology adaptations, and sustainability initiatives within the communications infrastructure sector.
American Tower Corporation (NYSE: AMT) announced that CEO Tom Bartlett will present at Citi’s 2023 Communications, Media & Entertainment Conference in Scottsdale, Arizona, on Wednesday, January 4, 2023, at 9:30 a.m. MT (11:30 a.m. ET). The event will be accessible via a live webcast on the company's website. American Tower is a leading global REIT with approximately 223,000 communications sites and a strong U.S. data center presence. For more information, visit www.americantower.com.
CoreSite, a subsidiary of American Tower (NYSE: AMT), has launched connectivity services to Oracle Cloud Infrastructure (OCI) via FastConnect at its Chicago data center. This offering enables low-latency, high-bandwidth integration, supporting up to 10 Gbps for data-intensive applications. The solution is designed for industries like financial services and e-commerce, allowing customers to bypass public internet for more secure connections. Oracle emphasizes the importance of reliable connectivity for high-performance workloads, promising improved data handling and security.
CoreSite, a subsidiary of American Tower Corporation (NYSE: AMT), will present at the Gartner IT Infrastructure, Operations and Cloud Strategies Conference 2022 in Las Vegas on December 7. The session, titled “How to Optimize Your Digital Supply Chain: Create an Interconnection Strategy to Increase Revenue Opportunities”, is scheduled from 4:45 p.m. to 5:05 p.m. PST. CoreSite will also exhibit at Booth #216 from December 6-8, providing opportunities for attendees to engage with their team.
CoreSite, a subsidiary of American Tower Corporation (NYSE: AMT), announced enhancements to its Open Cloud Exchange (OCX) platform, enabling automated provisioning for hybrid architectures within Google Cloud. These upgrades foster secure, low-latency connectivity across data centers, cloud providers, and service integrators, facilitating market expansion and IT modernization. CoreSite aims to support evolving customer demands and reduce total cost of operation. Future enhancements to the OCX, including cloud service capabilities, are anticipated.
CoreSite, a subsidiary of American Tower (NYSE: AMT), announced an additional investment of $570 million from Stonepeak, which, combined with a previous $2.5 billion investment made in August 2022, gives Stonepeak a 36% ownership stake in CoreSite's U.S. data center business. The transaction was completed on October 20, 2022 and involves both common and mandatorily convertible preferred equity at the same valuation as the initial investment. Stonepeak's involvement aligns with its core infrastructure investment strategy.
American Tower (AMT) announced third-quarter 2022 results, reporting an 8.8% increase in total revenue to $2,672 million and a 12.9% rise in net income to $820 million. Property revenue grew by 10.2%, with tenant billings climbing 3.9%. Despite these improvements, consolidated AFFO decreased 1.2% to $1,144 million. The company remains optimistic about the 5G rollout and its cash distribution grew by 12.2% year-over-year. American Tower also revealed a Net Leverage Ratio of 5.5x and maintains a substantial liquidity of $7 billion.
CoreSite, in collaboration with Ericsson and Heavy Reading, released a research report titled “Artificial Intelligence: Charting the Way Forward for AI”. The report highlights trends in AI adoption among IT leaders and service providers. Key findings indicate that 82% of surveyed companies anticipate an increase in AI usage within five years. The study emphasizes the importance of hybrid IT solutions and low-latency networks for successful AI deployment in data centers, showcasing opportunities for enhanced customer experience and potential revenue growth.
American Tower Corporation (NYSE: AMT) will announce its third quarter 2022 results on October 27, 2022, at 7:00 a.m. ET. A conference call is scheduled for the same day at 8:30 a.m. ET to discuss the results. Investors can join the call by dialing (877) 692-8955 in the U.S. or (234) 720-6979 internationally, using access code 1779930. An audio replay will be available from October 27, 2022, 11:30 a.m. ET to November 10, 2022. For more details, visit American Tower's Investor Relations page.
