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American Tower Corporation (NYSE: AMT) is a leading global real estate investment trust (REIT) and a premier owner and operator of wireless and broadcast communications infrastructure. Headquartered in Boston, Massachusetts, American Tower is ranked 375 on the Fortune 500 list as of 2022. The company manages a vast and diversified portfolio that includes over 220,000 communications sites worldwide, spanning markets in the United States, Asia, Latin America, Europe, and Africa.
As of 2023, American Tower operates more than 40,000 towers in the United States, generating nearly half of its total revenue from this market. The international footprint includes approximately 75,000 towers in India, around 50,000 towers in Latin America (with Brazil being the largest market), 30,000 towers in Europe, and 25,000 towers in Africa. The company also owns and/or operates 28 data centers in 10 U.S. markets following the acquisition of CoreSite, enhancing its data center capabilities.
American Tower’s growth strategy includes solid partnerships with top mobile carriers, which account for a significant portion of its revenue. The company has recently made strides in enhancing its network connectivity solutions through agreements with businesses such as CoreSite and Glo Fiber Business, providing scalable and secure data exchange solutions to enterprises, government entities, and financial institutions. The CoreSite Washington, D.C., data center campus offers robust colocation services, meeting stringent deployment requirements and data sovereignty laws.
Financially, American Tower exhibited robust performance in 2023, with a notable 4.0% increase in total revenue to $11,144 million and a 5.1% rise in property revenue to $11,001 million. The company also saw a significant adjusted EBITDA increase of 6.7% to $7,087 million. Despite a challenging global economic environment, American Tower maintained a strong financial position through cost management and strategic initiatives to reduce net leverage and optimize debt exposure.
Looking forward, American Tower remains focused on leveraging advancements in 5G, artificial intelligence, and distributed compute workloads to drive future demand for its infrastructure. The company's strategic priorities include enhancing shareholder returns, sustaining growth, and offering a unique value proposition by capitalizing on its global scale, best-in-class operating model, and investment-grade balance sheet.
American Tower Corporation (AMT) will release its second quarter 2021 results on July 29, 2021, 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 dial in at (877) 692-8955 for US/Canada or (234) 720-6979 internationally using access code 3233043. An audio replay will be available from July 29, 11:30 a.m. ET to August 12, 11:59 p.m. ET. For more information, visit American Tower's investor page.
American Tower Corporation (NYSE: AMT) has announced a strategic partnership with Allianz, as Allianz Capital Partners acquires a 10% stake in ATC Europe, valued at over €530 million. This transaction reinforces ATC Europe's enterprise value at over €8.8 billion. American Tower will maintain operational control, while Allianz gains governance rights on the Board of Directors. The partnership aims to enhance mobile broadband access in key European markets, with both companies optimistic about generating sustainable growth and returns.
American Tower Corporation (NYSE: AMT) announced that Rod Smith, Executive Vice President and CFO, will present at the Credit Suisse 23rd Annual Communications Conference on June 14, 2021, at 10:25 a.m. ET. A live audio webcast link for the presentation will be available on the company's website. As a major player in the global REIT sector, American Tower operates a portfolio of approximately 214,000 communications sites, making it a key independent owner and developer of multitenant communications real estate.
American Tower Corporation (NYSE: AMT) will have its President and CEO, Tom Bartlett, present at Nareit’s REITweek: 2021 Virtual Investor Conference on June 9, 2021, at 10:15 a.m. ET. The presentation will be accessible via a live audio webcast on the company's official website. American Tower is a major global REIT, owning and operating around 214,000 communications sites, establishing itself as a leader in multitenant communications real estate.
American Tower Corporation (NYSE: AMT) has successfully completed the acquisition of over 7,000 communications sites in Brazil, Peru, Chile, and Argentina from Telxius Towers for approximately €0.9 billion ($1.1 billion). Funded through cash reserves and credit facilities, this acquisition is expected to generate around $70 million in property revenue and $40 million in gross margin for the remainder of 2021. The deal enhances American Tower's position in Latin America, leveraging partnerships with Telefónica to facilitate growth in mobile broadband connectivity.
American Tower Corporation (NYSE: AMT) has completed the first tranche of its Telxius Towers acquisition for approximately €6.2 billion ($7.6 billion). This includes nearly 20,000 communications sites located in Germany and Spain. The funding was secured through cash and credit facilities. Approximately 4,000 additional rooftop sites are anticipated to close in Q3 2021. The acquisition is projected to generate around $280 million in property revenue and $145 million in gross margin for the remainder of 2021, enhancing American Tower's position in the rapidly growing 5G market.
American Tower Corporation (NYSE:AMT) announced that Rod Smith, its CFO, will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 10:15 a.m. ET. A live audio webcast will be accessible on the company's website. American Tower is a leading independent owner and operator of approximately 187,000 communications sites worldwide. This event highlights the company's influence in the real estate investment trust sector and its commitment to engaging with investors through significant conferences.
American Tower Corporation (NYSE: AMT) announced that Igor Khislavsky, Vice President of Investor Relations, will present at the Moffett Nathanson 8th Annual Media & Communications Summit on May 12, 2021, at 2:00 p.m. ET. The event will be available via a live audio webcast on the company's website. As one of the largest global REITs, American Tower operates approximately 187,000 communications sites, focusing on multitenant communications real estate development.
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