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 Corporation (NYSE: AMT) reported its Q1 2023 financial results, showing total revenue of $2,767 million, a 4.0% increase year-over-year. Property revenue also rose by 4.4% to $2,715 million. However, net income fell sharply by 55.2% to $315 million. Adjusted EBITDA saw an 8.6% increase to $1,763 million, while funds from operations (FFO) decreased by 22.7% to $1,083 million. The company declared a quarterly dividend of $1.56 per share, reflecting an 11.4% year-over-year growth. The sale of subsidiary Mexico Fiber resulted in an $80 million loss. The company maintains a strong liquidity position with $7.7 billion available, including $1.8 billion in cash and equivalents.
CoreSite, a subsidiary of American Tower (NYSE: AMT), has launched enhanced network services for its Open Cloud Exchange (OCX), significantly improving connectivity for Oracle Cloud Infrastructure (OCI) users. The new Layer 3 connections allow for 1 Gbps bandwidth, with plans for expansion to 10 Gbps in the future. This enhancement enables secure, low-latency communication between data centers, cloud providers, and digital ecosystems, facilitating multicloud and hybrid architectures. CoreSite's data centers in Chicago, Ashburn, and Phoenix now offer direct access to OCI, further supporting enterprise digital transformation. The updates promise to reduce total cost of operation and accelerate IT modernization for CoreSite's customers.
CoreSite, a subsidiary of American Tower Corporation (NYSE: AMT), announced a partnership with Arcadian, a leading post-production services agency. This collaboration utilizes CoreSite's secure and scalable colocation solutions to assist film studios and content creators in converting digital files into streamable formats. By leveraging hybrid IT infrastructure, Arcadian aims to deliver solutions efficiently while protecting digital assets. CoreSite's Los Angeles data center offers essential features including 100% uptime SLA and low latency, vital for Arcadian's operations, especially as it expands into live streaming. Both companies will participate in the NAB 2023 show in Las Vegas from April 15-19.
