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.
American Tower Corporation (NYSE: AMT) has successfully completed its acquisition of CoreSite Realty Corporation (NYSE: COR) following a tender offer for CoreSite's outstanding shares. The acquisition was financed through borrowings under American Tower’s credit facilities and term loans. CEO Tom Bartlett expressed optimism about leveraging CoreSite's data centers to enhance growth opportunities amidst the rise of 5G and cloud services. The acquisition is expected to be modestly accretive to American Tower’s AFFO per Share initially, with potential for increased accretion over time.
American Tower Corporation (NYSE: AMT) announced the expiration of its tender offer for CoreSite Realty Corporation (NYSE: COR) shares, completing the acquisition via a merger with its subsidiary, Appleseed Merger Sub LLC. The tender offer, which ended on December 27, 2021, resulted in 31,443,126 shares tendered, accounting for approximately 71.15% of CoreSite's outstanding shares. CoreSite will merge into American Tower on December 28, 2021, with its shares ceasing to trade on the NYSE. Each CoreSite share will convert to $170.00 in cash, matching the tender offer price.
American Tower Corporation (NYSE: AMT) has appointed Teresa H. Clarke to its Board of Directors. Clarke, who is also the Chair of Africa.com LLC and a former Managing Director at Goldman Sachs, is expected to bring valuable insights from her extensive experience in finance and public policy. In addition, the company declared a quarterly cash distribution of $1.39 per share, payable on January 14, 2022, to stockholders of record as of December 27, 2021.
American Tower Corporation (NYSE: AMT) has announced that Rod Smith, the Executive Vice President and Chief Financial Officer, will present at the UBS Global TMT Conference on Monday, December 6, 2021, at 10:00 a.m. ET. The presentation will be available via a live webcast on the company's website. American Tower is a leading global REIT, operating approximately 219,000 communications sites.
American Tower Corporation (NYSE: AMT) has launched a tender offer for all outstanding shares of CoreSite Realty Corporation (NYSE: COR), proposing $170.00 per share in cash. This move is part of a merger agreement announced on November 15, 2021. The tender offer will expire on December 27, 2021, unless extended, and is contingent upon acquiring a majority of CoreSite's shares. The CoreSite board recommends that shareholders accept the offer. Details regarding the tender offer and related documents are available from the SEC and other sources.
American Tower Corporation (NYSE: AMT) announced that Rod Smith, its Executive Vice President and CFO, will present at the Wells Fargo 5th Annual TMT Summit on Wednesday, December 1, 2021, at 8:40 a.m. ET. The presentation will be available via live webcast on the Company’s website. American Tower is a leading independent owner and operator of multitenant communications real estate, boasting a portfolio of approximately 219,000 communications sites globally.
American Tower announced its acquisition of CoreSite Realty for $170.00 per share, totaling approximately $10.1 billion including debt. The merger aims to enhance American Tower’s offerings in the evolving 5G landscape, accelerating growth in mobile edge computing. CoreSite has shown impressive financials with $655 million in annual revenue and strong EBITDA margins, and has experienced double-digit growth over five years. The deal is expected to close by the end of 2021, proving accretive to American Tower’s AFFO initially and more so over time.
American Tower Corporation (AMT) announced it will acquire CoreSite Realty Corporation (COR) for $170 per share in cash, totaling approximately $10.1 billion, including debt repayment. This strategic move aims to create a comprehensive communications real estate platform, enhancing the companies' positions in the growing 5G market. CoreSite’s strong performance, with annual revenue of $655 million and an EBITDA of $343 million, coupled with American Tower's global reach, is expected to accelerate growth and broaden service offerings. The transaction is projected to close by the end of 2021.
American Tower Corporation (NYSE: AMT) announces that Olivier Puech, Executive Vice President, will present at the Morgan Stanley European Technology, Media & Telecom Conference on November 17, 2021, at 1:15 p.m. ET. This event will be available via a live webcast on the Company’s website. American Tower is a leading global REIT, operating approximately 219,000 communications sites, specializing in multitenant communications real estate.
American Tower Corporation (NYSE: AMT) announced that its Senior Vice President and Chief Technology Officer, Ed Knapp, will present at the BCG and New Street Research 5G Conference on November 15, 2021, at 1:40 p.m. ET. This virtual presentation highlights the company's innovations in multitenant communications real estate, which includes a robust portfolio of approximately 219,000 communications sites. A live audio webcast will be accessible via the company’s website.
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