0
Wireless

American Tower beats FY guidance after double-digit growth in Q4

Thursday 25 February 2021 | 15:01 CET | News
American Tower reported annual results ahead of its guidance, helped by double-digit growth in the final quarter of the year. Annual property revenues rose 6.5 percent to USD 7.95 billion, and fourth-quarter revenue increased 10.0 percent to USD 2.10 billion. In 2021, American Tower forecasts growth of around 8 percent, to USD 8.50-8.65 billion, excluding the pending Telxius acquisition.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: American Tower / Telxius
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

American Tower raises USD 1.4 billion for debt refinancing

Published 25 Mar 2021 09:34 CET | World
American Tower has raised USD 1.4 billion for debt refinancing. The senior unsecured notes included USD 700 million at 1.6 ...

Infinera, ATC complete first LatAm point-to-multipoint coherent optical transmission demo

Published 15 Mar 2021 14:36 CET | Colombia
Infinera and American Tower (ATC) joined forces to complete what the partners described as the first demonstration of ...

Telxius, Claro undersea fibre cable lands in Peru

Published 12 Mar 2021 10:51 CET | Peru
Telefonica's infrastructure subsidiary Telxius announced that the South Pacific Submarine Cable (SPSC) developed jointly with ...

Telefonica sells infrastructure unit Telxius to American Tower for EUR 7.7 bln

Published 13 Jan 2021 09:06 CET | Europe
Telefonica has reached an agreement to sell its towers division Telxius to US infrastructure giant American Tower Corporation for ...

American Tower buys InSite Wireless for USD 3.5 billion

Published 05 Nov 2020 15:04 CET | United States
American Tower has agreed to buy InSite Wireless Group, adding around 3,000 sites to its footprint in the US and Canada. The ...

American Tower raises dividend, FY outlook after higher Q3 revenues, AFFO

Published 29 Oct 2020 13:41 CET | World
American Tower Corp has again lifted its quarterly dividend after posting mainly positive results for the third quarter. It has ...

ATC grows revenues 1% in Q2 to USD 1.2 billion

Published 30 Jul 2020 15:24 CET | World
American Tower Corp reported a small increase in second-quarter results, saying business remained solid despite the challenges ...

American Tower beats FY guidance, sees stronger growth in 2020

Published 25 Feb 2020 13:48 CET | World
American Tower reported higher results for the full year, ahead of its improved guidance issued in October. Fourth-quarter ...