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 appointed Kenneth R. Frank to its Board of Directors. Mr. Frank, currently the CEO of Turning Technologies, brings extensive experience from previous leadership positions at Kibo Software, Aptean Software, and Alcatel-Lucent. His history includes executive roles at AT&T Bell Laboratories and BellSouth Telecommunications. American Tower's President Tom Bartlett expressed confidence that Frank's global business experience will significantly benefit the company's ongoing strategies for growth and expansion in the telecommunications sector.
American Tower Corporation (NYSE: AMT) has entered agreements to acquire Telxius Towers, encompassing around 31,000 communication sites in six countries for €7.7 billion (approximately $9.4 billion). The acquisition aims to enhance American Tower's European presence and complement its Latin American portfolio. The transaction is projected to generate about $775 million in property revenue and $390 million in Adjusted EBITDA in the first full year. The deal is expected to be accretive to Consolidated AFFO per Share and is set to close in tranches starting Q2 2021, pending regulatory approvals.
American Tower Corporation (NYSE: AMT) announced CEO Tom Bartlett will deliver a keynote speech at the Citi 2021 Global TMT West Virtual Conference on January 5, 2021, at 12:00 p.m. ET. The event will be accessible via a live webcast on the company's website. American Tower is recognized as one of the largest global REITs and a leading developer of multitenant communications real estate, operating approximately 183,000 communications sites worldwide. For more details, visit www.americantower.com.
American Tower Corporation (NYSE: AMT) has successfully completed its acquisition of InSite Wireless Group, LLC for approximately $3.5 billion, which includes existing debt repayment. This transaction is expected to enhance American Tower's asset portfolio significantly, yielding about $150 million in property revenue and $115 million in gross margin for 2021. CEO Tom Bartlett highlighted the acquisition's immediate accretive nature, aligning with 5G densification efforts and promising long-term growth opportunities in mobile broadband connectivity.
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American Tower Corporation (NYSE: AMT) announced that Rod Smith, EVP, CFO, and Treasurer, will present at the UBS Global TMT Virtual Conference on December 7, 2020, at 12:05 p.m. ET. This event highlights American Tower's significant role as a leading global real estate investment trust (REIT), managing over 181,000 communications sites. A live audio webcast link will be available on the Company's website for those interested in the presentation.
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American Tower Corporation (NYSE: AMT) announced that Ed Knapp, Senior Vice President and Chief Technology Officer, will present at the BCG and New Street Research 5G Virtual Conference on November 17, 2020, at 9:10 a.m. ET. A live audio webcast will be accessible on the company's website. American Tower is a leading independent owner and operator of multitenant communications real estate, boasting over 181,000 communications sites globally. For further information about the company, visit www.americantower.com.
American Tower Corporation (NYSE: AMT) has announced that Rod Smith, Executive Vice President and CFO, will present at Nareit’s REITworld: 2020 Virtual Investor Conference on November 18, 2020, at 9:30 a.m. ET. The event will include a live audio webcast available on the company's website. American Tower is a leading independent owner and operator of multitenant communications real estate, boasting a portfolio of over 181,000 communications sites globally. For more details, please visit www.americantower.com.
American Tower Corporation (NYSE: AMT) has entered into a definitive agreement to acquire InSite Wireless Group for approximately $3.5 billion. InSite owns around 3,000 communications sites, including over 1,400 towers in the U.S. and more than 200 in Canada, enhancing American Tower's market presence. The acquisition is expected to generate about $150 million in property revenue and $115 million in gross margin in its first full year, while being immediately accretive to American Tower’s Consolidated AFFO per Share.