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 reports developments tied to its role as a global REIT that owns, operates and develops multitenant communications real estate. Recurring updates cover property revenue, leasing demand across tower assets, leverage, capital allocation, REIT distributions and presentations to communications, media and technology investors.
Company news also includes CoreSite, American Tower's U.S. data center business, where updates focus on interconnected data center services, the Open Cloud Exchange® platform, Ethernet Virtual Circuits, cloud and peering connectivity, internet exchanges and demand from hybrid-cloud, AI and high-performance computing workloads.
American Tower Corporation (NYSE: AMT) will release its second quarter 2022 results at 7:00 a.m. ET on July 28, 2022. A conference call will follow at 8:30 a.m. ET to discuss these financial results. Interested parties can join by dialing (877) 692-8955 for U.S. callers or (234) 720-6979 for international participants, using access code 4520199. A replay of the call will be available from 12:30 p.m. ET on July 28 until August 11, 2022. American Tower operates a vast portfolio of approximately 221,000 communication sites and U.S. data centers.
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Arrcus, a leader in core-to-edge infrastructure, announced that CoreSite has deployed its Connected Edge (ACE) Multi-Cloud Networking (MCN) solution.
This deployment enhances CoreSite’s Open Cloud Exchange® (OCX), automating provisioning functionality within major cloud platforms like AWS and Microsoft Azure. The ACE MCN solution went live in May 2022, expanding to eight markets and improving network performance, security, and economics for users.
CoreSite, a hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT), has announced its expansion into Atlanta and Orlando. This involves integrating three American Tower assets into CoreSite's data center ecosystem, adding over 250,000 square feet of data center space. The facilities will enhance interconnection solutions and offer access to CoreSite's Open Cloud Exchange for secure connections with major cloud service providers. This expansion increases CoreSite's total to 27 data centers in 10 markets, providing a stronger infrastructure for businesses needing reliable connectivity.
American Tower Corporation (NYSE: AMT) has priced its public offering of 8,350,000 shares at $256.00 each, with an option for underwriters to purchase up to 835,000 additional shares. The net proceeds are estimated at approximately $2,083.5 million, or $2,291.9 million if the over-allotment is fully exercised. Funds will primarily be used to repay existing debt from a $3.0 billion term loan related to the acquisition of CoreSite Realty Corporation, finalized in December 2021.
American Tower Corporation (NYSE: AMT) announced plans to offer 8,350,000 shares of common stock in a public offering connected to financing the acquisition of CoreSite Realty Corporation, finalized in December 2021. The company also plans to grant underwriters an option for an additional 835,000 shares. Proceeds from the offering will be used to repay existing debt under a $3.0 billion unsecured term loan linked to the acquisition. J.P. Morgan leads the offering, with several banks acting as joint managers.
American Tower Corporation (NYSE: AMT) has joined the United Nations Global Compact (UNGC) and adopted the Women's Empowerment Principles to enhance its commitment to sustainability, human rights, and gender equality. CEO Tom Bartlett emphasized the integration of these principles into company culture and operations. American Tower has invested approximately $300 million in energy-efficient solutions, including solar power. The company aims to increase female representation in leadership, achieving 38% on its Board of Directors in 2022. For more details, visit www.americantower.com.
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CoreSite, a subsidiary of American Tower Corporation (NYSE: AMT), announced its executives will participate in Connect (X) 2022 from May 23-26 in Denver. The event focuses on the 5G supplier ecosystem, addressing infrastructure needs for carriers and enterprises. Key executives, including Ben Green and Brian Eichman, will lead discussions on critical topics like data center opportunities and cloud-native networks. The conference aims to unite industry players to explore advancements necessary for achieving universal 5G connectivity.
American Tower Corporation (NYSE: AMT) has announced its participation in several investor conferences. Key dates include:
- May 23, 2022, 10:00 AM ET – J.P. Morgan 50th Annual Global Technology, Media and Communications Conference with CFO Rod Smith.
- May 24, 2022, 11:00 AM ET – Morgan Stanley Global Towers Symposium, also with Rod Smith.
- May 24, 2022 – RBC Capital Markets Global Communications Infrastructure Conference, featuring Olivier Puech and Steve Vondran.
- June 8, 2022, 1:15 PM ET – Nareit’s REITweek: 2022 Investor Conference with Rod Smith.
Webcasts will be available on the company's investor relations page.