American Tower Corp (NYSE:AMT)Financial
American Tower Corp is a real estate investment trust focused on multitenant communications infrastructure.
It operates, owns and develops broadcast towers and wireless communications across the globe.
The company was initially a subsidiary of American Radio, which later split from the parent company and was formed as a separate entity in 1998—followed by listing on the New York Stock Exchange under the ticker 'AMT'.
In 2012, the company converted into a registered real estate investment trust.
The company builds antennae sites on different communication towers for providing access to paging, cellular and personal communication.
American Tower Corp provides customized solutions through an outdoor distributed antenna and in-building systems, which speeds up the network deployment.
The REIT operates through regional offices in Colombia, Mexico, South Africa, Burkina Faso, France, India, Germany, Poland, the United States and Canada.
In 2015, the real estate investment trust acquired 11,448 wireless communication sites from Verizon Communications Inc. With this acquisition, the company’s tower facilities in the United States increased to 40,000.
In 2018, the company entered Kenya by acquiring nearly 700 towers from Telecom Kenya. In addition, the real estate investment trust following a transaction with Idea Cellular and Vodafone acquired approximately 20,000 sites in India.
The US-based REIT operates through two principal segments: management and rental and network development services.
The Boston-based REIT firm owns over 187,000 communications sites spanning five continents. The portfolio consists of telecommunication assets, including 43,000 sites across North America.
American Tower Corp operates through various subsidiaries such as:
• American Tower do Brasil Cessao de Infra Estrutura
• ATC Outdoor DAS LLC
• Agile Airband Ohio, LLC
• Global Tower Holdings LLC
• Eaton Towers Ghana Limited
• Alternative Networking LLC
• AT Netherlands C.V.
• Insite Wireless, LLC
• Loxel SAS
• RSA Media Inc
• Vangard Wireless, LLC
American Towers Corp provides telecom and mobile infrastructure, wireless towers, broadcast towers, DAS solutions, etc. American
It also caters to telecom companies, internet service providers, IT firms, construction companies, etc.
The real estate investment trust operates an omni-channel distribution network.
116 Huntington Avenue Boston, Massachusetts 02116