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) has entered a strategic partnership with Caisse de dépôt et placement du Québec (CDPQ), involving a €1.6 billion transaction for a 30% stake in ATC Europe. This partnership values ATC Europe at over €8.8 billion and allows American Tower to maintain operational control while CDPQ gains governance rights. The collaboration aims to leverage long-term wireless growth trends, particularly in 5G, enhancing ATC Europe's portfolio to nearly 30,000 sites. The deal is expected to close in Q3 2021, pending regulatory approvals.
American Tower Corporation (NYSE: AMT) reported Q1 2021 financial results, showcasing total revenue of $2,159 million, an 8.3% increase year-over-year. Highlights include net income of $652 million, up 55.8%, and Consolidated AFFO per Share reaching $2.52, a 24.1% growth. The company plans to close its Telxius Towers acquisition, enhancing its European presence. With a strong 5G momentum and significant capital expenditures of $335 million, American Tower is positioned for sustained growth and robust cash flows.
American Tower Corporation (NYSE: AMT) will announce its first quarter 2021 results on April 29, 2021, at 7:00 a.m. ET, followed by a conference call at 8:30 a.m. ET. The call can be accessed at (877) 692-8955 for U.S./Canada and (234) 720-6979 for international callers. An audio replay will be available from April 29, 2021, 11:30 a.m. ET to May 13, 2021, 11:59 p.m. ET. American Tower is a major player in the global REIT sector, operating approximately 186,000 communications sites.
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American Tower and DISH Network have entered into a master lease agreement allowing DISH to lease space on up to 20,000 American Tower communications sites. This partnership supports DISH's development of a nationwide 5G network, enhancing American Tower's long-term growth. Cash lease payments will begin in 2022 and increase over time as DISH's network expands. The agreement also includes options for DISH to lease shared generators and utilize American Tower's construction services.
American Tower Corporation (NYSE: AMT) announced the appointment of Sanjay Goel as Executive Vice President and President of the Asia-Pacific region, effective March 16, 2021. He succeeds Amit Sharma, who will become Chairman of the Asia-Pacific region and Special Advisor to the CEO until his retirement on July 1, 2021. Goel joins from Nokia, where he oversaw global operations across 100+ countries, bringing over 30 years of leadership experience. American Tower operates approximately 186,000 communications sites globally, solidifying its position as a leading independent communications infrastructure provider.
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American Tower Corporation (NYSE: AMT) will have Tom Bartlett, President and CEO, presenting at the Citi 2021 Virtual Global Property CEO Conference on March 10, 2021, at 10:30 a.m. ET. The presentation will be available as a live audio webcast on the company's website. American Tower is recognized as a leading independent owner and operator of multitenant communications real estate, boasting a portfolio of approximately 186,000 communications sites globally.
American Tower Corporation (NYSE: AMT) announced that Rod Smith, the Executive Vice President and CFO, will present at the Deutsche Bank 29th Annual Media, Internet, and Telecom Conference on March 8, 2021, at 9:00 a.m. ET. A live audio webcast will be accessible on the company's website. American Tower is a leading global REIT, owning and operating around 186,000 communications sites, specializing in multitenant communications real estate.
American Tower Corporation (NYSE: AMT) reported solid financial results for Q4 and FY 2020, with revenues growing 10.3% and 6.1%, respectively. Key metrics included total revenue of $2,123 million and net income of $362 million, though net income declined by 36.5%. The company maintained a strong balance sheet, increased its dividend by 19.8%, and emphasized a promising outlook bolstered by the upcoming Telxius acquisition, which will enhance its market presence in Europe. Adjusted EBITDA showed strong growth, reflecting operational efficiency during the pandemic.