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 (NYSE: AMT) is one of the largest global REITs and an independent owner, operator and developer of multitenant communications real estate. News about AMT often highlights developments across its extensive portfolio of communications sites and its U.S. data center footprint operated through CoreSite, an American Tower company.
Investors following AMT news can expect regular updates on quarterly financial results, capital allocation decisions and financing activities. Recent press releases have covered third quarter financial performance, including growth in total revenue, property revenue, Adjusted EBITDA and AFFO, as well as commentary on how the company’s digital infrastructure portfolio benefits from rapid growth in global data demand and robust leasing activity across U.S. and international towers.
American Tower news also includes announcements about its data center operations. CoreSite has reported milestones such as the launch of the NY3 data center in the New York metropolitan area, construction progress on the DE3 data center in Denver and AI-optimized deployments at its CH2 facility in Chicago. These updates illustrate how American Tower’s data center segment supports AI, high-density and hybrid-cloud workloads through interconnected campuses and cloud connectivity.
Corporate governance and strategic relationship news is another focus. The company has announced new Board appointments, such as the election of Gene Reilly, and disclosed executive transitions. It has also reported on legal and customer matters, including an agreement with AT&T Mexico regarding previously withheld tower rents. In addition, American Tower regularly communicates its participation in investor conferences and earnings calls.
For investors and analysts, the AMT news stream provides insight into operating trends across communications sites and data centers, capital markets activity, dividend declarations and the company’s approach to managing its global digital infrastructure platform.
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.
American Tower Corporation (NYSE: AMT) announced senior management changes effective January 1, 2023. Ed DiSanto will step down as Executive Vice President, Chief Administrative Officer, General Counsel, and Secretary, a position he has held since 2007. Ruth Dowling, with over ten years at American Tower, will succeed him in this role. DiSanto will transition to a new position as Executive Vice President, Special Advisor and Counsel to the CEO. This change comes as American Tower continues its growth strategy, expanding its footprint to nearly 222,000 communications sites across 25 markets.
American Tower Corporation (NYSE: AMT) announced that Ed Knapp, Senior Vice President and Chief Technology Officer, will present at the Citi Global Digital Infrastructure Seminar on Monday, October 3, 2022, at 10:50 a.m. ET. The seminar will be accessible via live webcast and replay on American Tower's Investor Relations website. American Tower, a leader in multitenant communications real estate, maintains approximately 222,000 communications sites and a network of U.S. data center facilities, highlighting its significant role in digital infrastructure.
CoreSite, a subsidiary of American Tower (NYSE: AMT), has acquired a 103,000-square-foot data center (MI2) in Doral, Florida, expanding its Miami market presence. The new facility, designed to withstand a Category 5 hurricane, will connect with CoreSite's existing MI1 data center, enhancing IT infrastructure options for businesses. This expansion aims to support growth in the Miami market, providing scalable connectivity to North and South America. CoreSite's total Miami campus will now encompass nearly 150,000 square feet, featuring advanced interconnection options to accelerate digital transformation for clients.
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American Tower Corporation (NYSE: AMT) announced its participation in two upcoming investor conferences. On September 13, 2022, at 10:45 AM PT, Rod Smith, CFO, will host a fireside chat at the Goldman Sachs Communacopia + Technology Conference. Following that, on September 14, 2022, at 3:40 PM ET, Adam Smith, Senior VP of Investor Relations, will participate in the BofA Securities 2022 Global Real Estate Conference. Live webcasts will be available on the company's Investor Relations page.
American Tower Corporation (NYSE: AMT) and Verizon Communications Inc. (NYSE, Nasdaq: VZ) have signed a new lease agreement aimed at enhancing Verizon's 5G network deployment across American Tower's U.S. communications sites. This multi-year partnership streamlines the leasing process, promoting mutual growth and efficiency. Steve Vondran, President of U.S. Tower Division at American Tower, highlighted the strategic importance of this agreement to support Verizon's network expansion, emphasizing their long-term collaborative relationship.
CoreSite, a subsidiary of American Tower (NYSE: AMT), has partnered with Adela Technologies to enhance digital journeys and cloud technologies through a highly secure colocation environment. Adela, a managed security service provider, will utilize CoreSite’s hybrid IT solutions, including compliant colocation and native cloud connectivity, to support its diverse clientele, including the Department of Defense. The collaboration aims to simplify workload management and optimize digital transformation efforts for clients.
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