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.
CoreSite, part of American Tower Corporation (NYSE: AMT), has launched a new metro inter-site ethernet product with bandwidth options up to 100 Gbps. This offering enhances CoreSite's interconnection portfolio, allowing businesses to securely and efficiently connect networks, applications, and data in the same market. The service aims to address capacity constraints and facilitate regional expansion. CoreSite's interconnection solutions serve a diverse ecosystem of over 775 networks and cloud providers, promising improved performance and reduced total cost of ownership.
American Tower Corporation (NYSE: AMT) announced senior management changes effective January 1, 2023. Ed DiSanto will step down as Executive Vice President, Chief Administrative Officer, General Counsel, and Secretary, a position he has held since 2007. Ruth Dowling, with over ten years at American Tower, will succeed him in this role. DiSanto will transition to a new position as Executive Vice President, Special Advisor and Counsel to the CEO. This change comes as American Tower continues its growth strategy, expanding its footprint to nearly 222,000 communications sites across 25 markets.
American Tower Corporation (NYSE: AMT) announced that Ed Knapp, Senior Vice President and Chief Technology Officer, will present at the Citi Global Digital Infrastructure Seminar on Monday, October 3, 2022, at 10:50 a.m. ET. The seminar will be accessible via live webcast and replay on American Tower's Investor Relations website. American Tower, a leader in multitenant communications real estate, maintains approximately 222,000 communications sites and a network of U.S. data center facilities, highlighting its significant role in digital infrastructure.
CoreSite, a subsidiary of American Tower (NYSE: AMT), has acquired a 103,000-square-foot data center (MI2) in Doral, Florida, expanding its Miami market presence. The new facility, designed to withstand a Category 5 hurricane, will connect with CoreSite's existing MI1 data center, enhancing IT infrastructure options for businesses. This expansion aims to support growth in the Miami market, providing scalable connectivity to North and South America. CoreSite's total Miami campus will now encompass nearly 150,000 square feet, featuring advanced interconnection options to accelerate digital transformation for clients.
American Tower Corporation (NYSE: AMT) announced its participation in two upcoming investor conferences. On September 13, 2022, at 10:45 AM PT, Rod Smith, CFO, will host a fireside chat at the Goldman Sachs Communacopia + Technology Conference. Following that, on September 14, 2022, at 3:40 PM ET, Adam Smith, Senior VP of Investor Relations, will participate in the BofA Securities 2022 Global Real Estate Conference. Live webcasts will be available on the company's Investor Relations page.
American Tower Corporation (NYSE: AMT) and Verizon Communications Inc. (NYSE, Nasdaq: VZ) have signed a new lease agreement aimed at enhancing Verizon's 5G network deployment across American Tower's U.S. communications sites. This multi-year partnership streamlines the leasing process, promoting mutual growth and efficiency. Steve Vondran, President of U.S. Tower Division at American Tower, highlighted the strategic importance of this agreement to support Verizon's network expansion, emphasizing their long-term collaborative relationship.
CoreSite, a subsidiary of American Tower (NYSE: AMT), has partnered with Adela Technologies to enhance digital journeys and cloud technologies through a highly secure colocation environment. Adela, a managed security service provider, will utilize CoreSite’s hybrid IT solutions, including compliant colocation and native cloud connectivity, to support its diverse clientele, including the Department of Defense. The collaboration aims to simplify workload management and optimize digital transformation efforts for clients.
American Tower Corporation (NYSE: AMT) announced its participation in two upcoming investor conferences on August 9, 2022. The events include the KeyBanc Capital Markets Technology Leadership Forum, where Ed Knapp, Senior Vice President and CTO, will host a fireside chat at 10:00 AM MT, and the Cowen 8th Annual Communications Infrastructure Summit, featuring Steve Vondran, Executive VP and President of U.S. Tower, at 11:10 AM MT. Live webcasts will be available on the company’s Investor Relations page.
American Tower Corporation (AMT) reported robust financial results for Q2 2022, with total revenue up 16.3% to $2,674 million and net income rising 19.1% to $891 million. Property revenue increased by 17.1% to $2,615 million, and adjusted EBITDA reached $1,671 million, a 13.2% rise. The company declared a cash distribution of $1.43 per share, reflecting a year-over-year growth of 12.6%. Despite foreign exchange challenges, AMT raised its outlook for Attributable AFFO per Share and executed a strategic partnership with Stonepeak, aiming for sustainable growth and enhanced shareholder value.
