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 operates as one of the world's largest independent owners of wireless communications infrastructure, making its news coverage particularly relevant for investors tracking telecommunications infrastructure trends and REIT performance. The company's announcements span tower portfolio expansions, data center developments through its CoreSite subsidiary, and quarterly financial results that reflect the health of the broader wireless industry.
News coverage for American Tower typically includes quarterly earnings releases detailing tenant addition metrics, revenue growth across geographic segments, and commentary on wireless carrier capital expenditure trends. These reports provide insights into how carriers are investing in network infrastructure and the pace of technology upgrades driving tower lease activity. CoreSite announcements regarding data center construction milestones, capacity expansions, and new market entries offer perspective on the company's digital infrastructure growth beyond traditional wireless towers.
Material events disclosed through SEC filings, industry conference presentations, and corporate development updates round out the news flow. Investors following American Tower can track how the company allocates capital between domestic and international markets, its approach to emerging wireless technologies, and management commentary on industry dynamics affecting tower demand. The company's participation in telecommunications and real estate investment conferences also generates newsworthy insights into strategic priorities and market conditions.
For investors analyzing REIT performance, infrastructure investments, or telecommunications industry trends, American Tower's news provides a window into the physical backbone supporting mobile connectivity. Bookmark this page to monitor developments across the company's tower operations, data center expansion, and financial performance.
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.
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.
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