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 (NYSE: AMT) has announced key leadership changes effective January 13, 2025. Eugene ('Bud') Noel, currently Executive Vice President and President of U.S. Tower Division, will assume the newly created position of Executive Vice President and Chief Operating Officer. In this global role, Noel will oversee AMT's worldwide operations and IT, focusing on operational efficiency and customer service.
Richard ('Rich') Rossi, currently Senior Vice President and General Counsel of U.S. Tower, will succeed Noel as Executive Vice President and President, U.S. Tower. Rossi, who joined AMT in 2001, has held various leadership positions across sales, marketing, finance, real estate, and operations.
The creation of the COO position aims to enhance customer service delivery and accelerate technology implementation across AMT's global platform.
American Tower (NYSE: AMT) has announced its latest quarterly cash distribution of $1.62 per share on the Company's common stock. The distribution will be payable on February 3, 2025, to stockholders who are on record at the close of business on December 27, 2024.
American Tower (NYSE: AMT) has announced that Rod Smith, Executive Vice President, CFO and Treasurer, will present at the UBS Global Media and Communications Conference on December 10, 2024, at 12:45 p.m. ET in New York. The presentation will be accessible via live webcast on the company's website.
American Tower, a leading global REIT, operates over 148,000 communications sites and maintains an interconnected network of U.S. data center facilities. The company specializes in owning, operating, and developing multitenant communications real estate.
American Tower (NYSE: AMT) has announced pricing for its registered public offering of senior unsecured notes. The offering includes two tranches: $600.0 million in notes due 2030 with a 5.000% interest rate, priced at 99.622% of face value, and $600.0 million in notes due 2035 with a 5.400% interest rate, priced at 99.455% of face value.
The net proceeds, expected to be approximately $1,183.7 million after expenses, will be used to repay existing debt under the company's $6.0 billion and $4.0 billion senior unsecured revolving credit facilities. The offering is being managed by Barclays, Mizuho, RBC Capital Markets, Scotiabank, and TD Securities as Joint Book-Running Managers.
American Tower (NYSE: AMT) reported Q3 2024 financial results, marked by the completion of its India operations sale to Data Infrastructure Trust. Key metrics show total revenue grew marginally to $2,522 million, while property revenue decreased 1.0% to $2,470 million. The company reported a significant net loss of $(780) million, largely due to a $1.2 billion loss on the India sale. Adjusted EBITDA decreased 0.9% to $1,687 million, while AFFO attributable to AMT stockholders increased 2.6% to $1,237 million. The company maintains strong liquidity of $10.9 billion and declared a quarterly distribution of $1.62 per share.
CoreSite, a subsidiary of American Tower (NYSE: AMT), has launched the first Oracle FastConnect 50G multicloud networking capability in three data center markets. This new service on CoreSite's Open Cloud Exchange® (OCX) offers ultra-low-bandwidth connectivity of up to 50 gigabits per second (Gbps) through Oracle Cloud Infrastructure (OCI) FastConnect.
Available in Los Angeles, Chicago, and Northern Virginia data centers, this advancement enables customers to leverage OCI locally, supporting AI and data-intensive applications. The enhanced OCX capabilities allow businesses to provision on-demand, secure bandwidth to OCI with virtual connections up to 50 Gbps, facilitating rapid workload migration between multiple public clouds.
CoreSite's data center campuses in these markets are certified as part of the NVIDIA DGX-Ready Data Center Program, offering network-dense, cloud-connected facilities that enable IT modernization while reducing operational costs.
American Tower (NYSE: AMT) has announced the schedule for its third quarter 2024 earnings release and conference call. The press announcement of Q3 2024 results will be released on Tuesday, October 29, 2024, at 7:00 a.m. ET. A conference call to discuss the results is scheduled for 8:30 a.m. ET on the same day.
The conference call details include dial-in numbers for U.S./Canada and International participants, along with an access code. A live simulcast will be available during the call, and a replay will be accessible shortly after. The audio replay will be available from October 29, 2024, 11:30 a.m. ET to November 12, 2024, 11:59 p.m. ET.
American Tower is described as one of the largest global REITs, owning and operating a portfolio of nearly 148,000 communications sites (excluding India assets sold) and U.S. data center facilities.
CoreSite, a subsidiary of American Tower (NYSE: AMT), announced that AWS Direct Connect has launched native 400 Gbps (400G) Dedicated Connections at CoreSite's Silicon Valley and Northern Virginia data center campuses. This makes them optimal locations for deploying demanding hybrid applications, offering high-bandwidth connectivity and low latency to AWS regions.
The new 400G connections are particularly beneficial for applications transferring large-scale datasets, such as large language model training and advanced driver assistance systems. CoreSite's Silicon Valley campus will expand with the addition of SV9, a 240,000-square-foot data center expected to be completed in Q4 2024, bringing the total campus size to 1.179 million square feet. The Northern Virginia campus includes three interconnected data centers totaling over 1.3 million square feet.
American Tower (NYSE: AMT) has announced a quarterly cash distribution of $1.62 per share on its common stock. This distribution will be payable on October 25, 2024, to stockholders of record at the close of business on October 9, 2024. The announcement comes from the company's Board of Directors, demonstrating American Tower's commitment to providing regular returns to its shareholders.
As a leading independent owner, operator, and developer of multitenant communications real estate, this distribution reflects American Tower's financial stability and ongoing value creation for investors. The consistent quarterly payouts are likely to be of interest to income-focused investors and those looking for steady returns in the real estate investment trust (REIT) sector.
American Tower (NYSE: AMT) has closed the sale of its India operations to Data Infrastructure Trust (DIT), sponsored by Brookfield Asset Management. The transaction yielded total cash proceeds of approximately $2.5 billion, including $320 million from monetizing Vodafone Idea debentures and receivables, and $2.2 billion in final closing proceeds. American Tower plans to use these funds to repay existing debts, including the India term loan.
As a result of this sale, ATC India's results will now be reported as discontinued operations. The company has provided updated 2024 outlook estimates, adjusting for the transaction's impact on property revenue, Adjusted EBITDA, and AFFO per share. American Tower has also released proforma estimates for continuing operations, factoring in interest expense savings from the sale proceeds.
