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 (AMT) operates as a global leader in wireless communications infrastructure, providing essential cell tower and data center assets that power modern connectivity. This news hub offers investors and industry observers a centralized resource for tracking the REIT's strategic developments and market position.
Our curated collection features official press releases and third-party analysis covering network expansion projects, tower leasing agreements, and data center operations. Users can monitor critical updates including regulatory filings, technology partnerships, and international market entries that shape the company's role in global telecommunications infrastructure.
The repository serves as a strategic monitoring tool for tracking AMT's operational footprint across 25+ countries and its responses to evolving 5G deployment demands. Content is organized to highlight infrastructure investments, tenant diversification efforts, and capital allocation strategies fundamental to understanding this REIT's performance drivers.
Bookmark this page for streamlined access to verified updates about American Tower's tower portfolio growth, spectrum technology adaptations, and sustainability initiatives within the communications infrastructure sector.
CoreSite, part of American Tower (NYSE: AMT), has announced that its Chicago data center now offers native access to AWS Direct Connect. This service allows for private, low-latency connections to Amazon Web Services (AWS), supporting Dedicated connections from 10 Gbps to 100 Gbps and Hosted connections from 50 Mbps to 25 Gbps. The AWS Direct Connect availability in Chicago complements CoreSite's offerings in Los Angeles, Silicon Valley, Denver, New York, and Northern Virginia. Customers benefit from reduced data transfer costs by up to 60%, enhanced performance, lower latency, increased resilience, and improved security. AWS Direct Connect is ideal for AI, ML, data storage, and production workloads. CoreSite also simplifies management through its Open Cloud Exchange platform, enabling easier network connection management.
American Tower (NYSE: AMT) has declared a quarterly cash distribution of $1.62 per share on its common stock. This distribution will be paid on July 12, 2024, to shareholders who are recorded by the close of business on June 14, 2024. The announcement was made by the company's Board of Directors.
American Tower (NYSE: AMT) announced the pricing of its registered public offering of senior unsecured notes due in 2030 and 2034. The total principal amounts are €500.0 million (approximately $543.5 million) for each set of notes. The 2030 notes will have an interest rate of 3.900% per annum and are priced at 99.622% of their face value, while the 2034 notes will have an interest rate of 4.100% per annum and are priced at 99.306% of their face value.
The net proceeds are expected to be €988.4 million (approximately $1,074.2 million) after deducting underwriting discounts and estimated offering expenses. The proceeds will be used to repay existing indebtedness under its $6.0 billion senior unsecured multicurrency revolving credit facility, and its €825.0 million unsecured term loan. The offering is managed by Banco Santander, S.A., Barclays Bank PLC, Citigroup Global Markets , J.P. Morgan Securities plc, and Mizuho International plc.
CoreSite, a subsidiary of American Tower (NYSE: AMT), announced that three of its female leaders, Maile Kaiser, Megan Ruszkowski, and Sara Anderson, were recognized in CRN's 2024 Women of the Channel list. CRN, a media brand of The Channel Company, acknowledges their channel expertise, vision, and commitment to driving partner and customer success. CoreSite's extensive ecosystem of partners includes technology solution advisors, agents, cloud partners, value-added resellers, and managed service providers. The recognition highlights CoreSite's dedication to delivering interconnected colocation data centers for modern IT infrastructures and supporting partners in creating long-term revenue streams.
American Tower (NYSE: AMT) will participate in several upcoming investor conferences featuring speakers like Adam Smith and Steve Vondran. The company is a leading global REIT in communications real estate, with over 224,000 communications sites and U.S. data center facilities.
American Tower reported strong financial results for the first quarter of 2024 with total revenue increasing by 2.4% to $2,834 million, net income increasing by 192.6% to $922 million, and Adjusted EBITDA increasing by 5.2% to $1,854 million. The company's CEO highlighted robust demand, positive collection trends, and signed leasing agreements as key drivers of growth. Additionally, capital allocation activities and strategic transactions in India were key highlights during the quarter. The company's outlook for 2024 shows promising growth potential.
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