ATC raises FY outlook after strong Q3

Thursday 30 October 2014 | 16:34 CET | News
American Tower Corp (ATC) reported third-quarter revenue up 28.5 percent to USD 1.038 billion. Adjusted EBITDA increased 26.2 percent to USD 666 million, and AFFO rose 25.2 percent to USD 460 million. Net profit was up 11.0 percent to USD 200 million or USD 0.50 per share. Revenue in the US was up 25.2 percent to USD 664 million, as the company benefited from the growing demand for mobile data services, while the expansion abroad led to a 30.3 percent increase in international revenue to USD 348 million. On on organic basis, revenues was up 9.1 percent in the US and 17.7 percent abroad. ATC

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Categories: Mobile & Wireless
Companies: American Tower
Countries: United States
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