- Business
- American Tower Corporation (NYSE: AMT; FSE: A0T), a leading real estate investment trust (REIT), owns, develops and operates wireless and broadcast communications infrastructure, including multitenant communications sites such as towers, in-building systems and data centers, primarily leasing space to wireless service providers, radio and television broadcasters, wireless data providers, government agencies and other tenants. Founded in 1995 and headquartered in Boston, Massachusetts, the company manages approximately 148,957 sites as of December 31, 2024, comprising 42,222 sites in the U.S. and Canada; 26,642 sites in Asia-Pacific and Africa; 31,786 sites in Europe; and 48,307 sites in Latin America, with additional tower-related services encompassing site acquisition, zoning and permitting, structural analysis, construction management, and network deployment support. Its core offerings include property leasing for antennas and equipment on macro towers, small cells and distributed antenna systems (DAS); carrier-neutral data center colocation services following the 2021 acquisition of CoreSite; and international site leasing across key markets in Latin America (such as Brazil, Mexico, Argentina, Chile and Peru), Europe (including Spain and Germany), Africa (such as South Africa, Ghana and Nigeria), and Asia-Pacific. In recent developments, American Tower completed the divestiture of its Indian operations comprising approximately 76,000 sites to a Brookfield-led consortium for $2.2 billion in April 2025, marking its exit from its largest international market after 17 years; secured a contract to manage around 2,500 MTN Nigeria tower sites starting in 2025 following a competitive tender; appointed Steven Vondran as president and CEO in February 2024 succeeding Tom Bartlett; and earlier expanded via the 2021 acquisitions of Telxius' European and Latin American towers for $9.6 billion and CoreSite for $10.4 billion to bolster 5G and edge computing capabilities. The company continues to invest in new tower builds, primarily in Africa, Latin America and other emerging regions, while maintaining a focus on diversified revenue from long-term leases with an average remaining term of 28 years on U.S. ground leases.