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American Tower Corporation - AMT STOCK NEWS

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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.

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American Tower Corporation declares quarterly cash distribution of $1.62 per share on its common stock.
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American Tower Corporation announces pricing of senior unsecured notes offering
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American Tower Corporation (NYSE: AMT) will participate in upcoming investor conferences. Demonstrates company's engagement with investors and industry events.
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Amitié becomes the highest capacity transoceanic communications cable ever deployed, connecting Boston to Europe. CoreSite's Boston data center powers this robust connectivity option. AEC-3 has 16 fiber pairs and 400 Tbps current design capacity.
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NTT Ltd. expands its Global IP Network with a new PoP in Denver, Colorado at CoreSite's DE1 data center facility.
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AMT: American Tower Corporation Reports 3.6% Increase in Total Revenue to $2,772 Million in Q2 2023. Property revenue up 4.4%. Net income down 48.2% to $462 million. Adjusted EBITDA up 4.7% to $1,749 million. Company raises full year outlook for property revenue, Adjusted EBITDA and Attributable AFFO.
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American Tower Corporation (NYSE: AMT) has released its 2022 sustainability report, highlighting its progress in the areas of environment, social, and governance. The report showcases a 9.5% reduction in greenhouse gas emissions, an increase in on-site renewable energy capacity to over 85 megawatts, the opening of 124 new Digital Communities, and more. The company has also joined the United Nations Global Compact and continues to invest in diversity, equity, and inclusion programs.
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American Tower Corporation (AMT) and Xcel Energy Center are deploying a state-of-the-art Distributed Antenna System (DAS) solution to bring 5G technology to the arena ahead of Minnesota Wild's 2023 season. The DAS will cover the 650,000-square-foot facility, including the arena, the adjacent Saint Paul RiverCentre, and the city's convention center, enhancing operations and services. The network will support all 5G spectrum bands, including C-band and millimeter wave (mmWave), and is expected to be fully deployed in time for the 2023 NHL season.
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FAQ

What is the current stock price of American Tower Corporation (AMT)?

The current stock price of American Tower Corporation (AMT) is $183.73 as of December 20, 2024.

What is the market cap of American Tower Corporation (AMT)?

The market cap of American Tower Corporation (AMT) is approximately 83.8B.

What does American Tower Corporation do?

American Tower Corporation is a global real estate investment trust that owns and operates wireless and broadcast communications infrastructure, including cell towers and data centers, across several continents.

Where is American Tower Corporation headquartered?

American Tower Corporation is headquartered in Boston, Massachusetts.

How many towers does American Tower Corporation operate in the United States?

American Tower Corporation operates more than 40,000 towers in the United States.

What regions does American Tower Corporation have a presence in?

American Tower Corporation operates in multiple regions including the United States, Asia, Latin America, Europe, and Africa.

What recent business agreements has American Tower Corporation announced?

Recent agreements include partnerships with CoreSite and Glo Fiber Business to enhance connectivity and provide secure, scalable data exchange solutions.

How did American Tower Corporation perform financially in 2023?

In 2023, American Tower Corporation reported a 4.0% increase in total revenue to $11,144 million and a 5.1% rise in property revenue to $11,001 million. Adjusted EBITDA also increased by 6.7% to $7,087 million.

What are American Tower Corporation’s strategic priorities?

American Tower Corporation focuses on leveraging advancements in 5G and AI, enhancing shareholder returns, sustaining growth, and providing a unique value proposition through its global scale and best-in-class operating model.

What is the significance of American Tower Corporation's data center acquisition?

The acquisition of CoreSite has expanded American Tower Corporation's data center portfolio, enhancing its capabilities to provide robust colocation services and meet stringent deployment and data sovereignty requirements.

Who are American Tower Corporation's main customers?

American Tower Corporation's main customers are top mobile carriers, which generate a significant portion of the company's revenue.

What is the importance of the CoreSite Washington, D.C., data center campus?

The CoreSite Washington, D.C., data center campus provides high-quality colocation services and ensures secure data exchange, meeting federal requirements and benefiting enterprises, government entities, and financial institutions.

American Tower Corporation

NYSE:AMT

AMT Rankings

AMT Stock Data

83.83B
466.00M
0.14%
94.14%
1.07%
REIT - Specialty
Real Estate Investment Trusts
Link
United States of America
BOSTON