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{{short description|American communications infrastructure company}}
{{Use mdy dates|date=July 2023}}
{{Infobox company
| name
| logo
| type
| traded_as
|
|
| hq_location_country = United States
| key_people = Steven Vondran
| industry
| revenue = {{increase}} {{US$|11.14 billion|link=yes}} (2023)
| operating_income
| net_income = {{decrease}}
| assets
| equity
| num_employees = 5,
| subsid = [[CoreSite]]
| website
| footnotes
}}
[[File:American Tower wireless tower Belleville Michigan.JPG|thumb|upright|right|American Tower wireless tower, [[Belleville, Michigan|Belleville, MI]]. Former [[AT&T Long Lines]] [[microwave radio relay]] tower, now repurposed]]
'''American Tower Corporation''' (also referred to as '''American Tower''' or '''ATC''') is an American [[real estate investment trust]]
It is ranked
{{As of
== History ==▼
The company was formed in 1995 as a unit of [[American Radio Systems]]. In 1998, American Radio Systems merged with [[CBS Corporation]] and completed the [[corporate spin-off]] of American Tower. The first CEO of American Tower was [[Steven B. Dodge]], remaining in the position until resigning in 2004. Following the merger, American Tower began international expansion by establishing operations in [[Mexico]] in 1998 and [[Brazil]] in 1999.
In 2004 [[James D. Taiclet]] was named [[CEO]]<ref>{{Cite web |title=DEF14A |url=https://www.sec.gov/Archives/edgar/data/1053507/000119312515123562/d875061ddef14a.htm |access-date=October 27, 2022 |website=Sec.gov}}</ref> and held the title until 2020.<ref name="CNCB">{{Cite web |last=Imbert |first=Amanda Macias,Fred |date=March 16, 2020 |title=Lockheed Martin's Hewson to step down as CEO |url=https://www.cnbc.com/2020/03/16/lockheed-martins-hewson-to-step-down-as-ceo.html |access-date=October 27, 2022 |website=CNBC.com |language=en}}</ref>
In 2005, American Tower acquired [[SpectraSite Communications]], expanding its global portfolio to over 22,000 owned communications sites, including over 21,000 wireless towers, 400 [[Radio masts and towers|broadcast towers]] and 100 in-building DAS ([[Distributed antenna system|Distributed Antenna System]]) sites. The merger further established American Tower's position as one of the largest tower
▲It is ranked 410th on the [[Fortune 500]].<ref>{{Cite web | url=https://fortune.com/fortune500/american-tower/ | title=Fortune: American Tower | publisher=[[Fortune (magazine)|Fortune]]}}</ref>
Between 2007 and 2012, the company expanded internationally with operations in [[India]], [[Peru]], [[Chile]], [[Colombia]], [[South Africa]], [[Ghana]], and [[Uganda]].<ref>{{Cite web |date=December 9, 2011 |title=MTN, American Tower Corp join forces |url=https://www.itweb.co.za/content/6GxRKMYDDWz7b3Wj |access-date=July 8, 2023 |website=ITWeb |language=en}}</ref>
▲As of December 31, 2018, the company owned 170,686 communications sites, including 40,757 sites in the U.S., 75,872 sites in Asia, 16,665 sites in Europe, Middle East and Africa, and 37,392 sites in Latin America.<ref name=10K/>
In 2013, the company acquired Global Tower Partners for $4.8 billion. This acquisition added sites to the U.S. portfolio and added operations in [[Costa Rica]] and [[Panama]].<ref>{{
▲==History==
▲The company was formed in 1995 as a unit of [[American Radio Systems]]. In 1998, American Radio Systems merged with [[CBS Corporation]] and completed the [[corporate spin-off]] of American Tower. Following the merger, American Tower began international expansion by establishing operations in Mexico in 1998 and Brazil in 1999. The company began purchasing numerous [[AT&T Long Lines]] microwave [[telephone]] relay towers. Upon acquisition of these sites from the now defunct [[AT&T Communications, Inc.]], American Tower began repurposing the towers for use as [[cell towers]], and leasing antenna space to various American cell phone providers and private industries. Then, most of the former AT&T Long Lines sites had their [[horn antenna]]s removed, either by [[helicopter]] or by [[crane (machine)|crane]], to make room for more antennas. Since AT&T's Long Lines Program was decommissioned in the 1980s, and the company no longer had any use for the towers themselves, American Tower now owns most of these tower structures across the entire continental [[United States]].
In 2020, Tom Bartlett was named President and CEO after Taiclet left to become the CEO of [[Lockheed Martin]].<ref name="CNCB" />
▲In 2005, American Tower acquired [[SpectraSite Communications]], expanding its global portfolio to over 22,000 owned communications sites including over 21,000 wireless towers, 400 broadcast towers and 100 in-building DAS (Distributed Antenna System) sites. The merger further established American Tower's position as one of the largest tower owner and operators in North America.<ref>{{cite news | url=https://www.marketwatch.com/story/american-tower-to-acquire-spectrasite-in-31-bln-deal | title=American Tower to acquire SpectraSite | first=Jeffry | last=Bartash | work=[[Marketwatch]] | date=May 4, 2005}}</ref>
In 2021, the company agreed to acquire the European and Latin American tower divisions of [[Telxius]] from parent company [[Telefonica]], comprising approximately 31,000 communications sites for $9.6 billion. The acquired sites were located in Spain, Germany, Argentina, Brazil, Chile, and Peru.<ref>{{Cite press release |title=Telefonica sells Telxius tower division to American Towers Corporation at record multiples for 7.7 billion euros |date=January 31, 2021 |publisher=[[Telefonica]] |url=https://www.telefonica.com/en/communication-room/telefonica-sells-telxius-tower-division-to-american-towers-corporation-at-record-multiples-for-7-7-billion-euros/}}</ref><ref name="10K" /> Later in 2021, American Tower acquired [[CoreSite]] for $10.4 billion, adding a footprint of carrier-neutral data center facilities in the U.S. to its holdings,<ref>{{Cite press release |title=American Tower Completes Acquisition of CoreSite Realty Corporation |date=December 28, 2021 |publisher=[[Business Wire]] |url=https://www.businesswire.com/news/home/20211228005115/en/American-Tower-Completes-Acquisition-of-CoreSite-Realty-Corporation}}</ref><ref>{{Cite news |last=Naqvi |first=Ali Imran |date=December 29, 2021 |title=American Tower completes CoreSite Realty acquisition |work=[[S&P Global]] |url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/american-tower-completes-coresite-realty-acquisition-68227699}}</ref> to position the company to strengthen its position in [[5G]].<ref>{{Cite news |last=Clifford |first=Tyler |date=August 1, 2019 |title=Cell tower CEO explains how the 5G rush 'lengthens and strengthens' our growth rate |language=en |work=CNBC |url=https://www.cnbc.com/2019/08/01/american-tower-ceo-the-5g-rush-lengthens-and-strengthens-our-growth.html |access-date=July 8, 2023}}</ref><ref>{{Cite news |last=Ghosh |first=Imon |date=May 26, 2021 |title=Is American Tower a Winner in the 5G Industry? |language=en |work=Entrepreneur |url=https://www.entrepreneur.com/business-news/is-american-tower-a-winner-in-the-5g-industry/372937 |access-date=July 8, 2023}}</ref>
Tom Bartlett retired from his positions as President, Chief Executive Officer, and director of the Board of Directors, effective February 1, 2024. He was succeeded by Steven Vondran.<ref>{{Cite press release |title=American Tower Names Steven O. Vondran to Succeed Thomas A. Bartlett as President and CEO and Names Eugene Noel as New EVP and President, U.S. Tower Division |date=October 26, 2023 |publisher=[[Business Wire]] |url=https://www.businesswire.com/news/home/20231026217675/en/}}</ref>
▲In 2013, the company acquired Global Tower Partners for $4.8 billion. This acquisition added sites to the U.S. portfolio and added operations in Costa Rica and Panama.<ref>{{cite press release | url=https://www.businesswire.com/news/home/20130906005393/en/American-Tower-Corporation-Announces-Agreement-Acquire-Global | title=American Tower Corporation Announces Agreement to Acquire Global Tower Partners | publisher=[[Business Wire]] | date=September 6, 2013}}</ref>
== References ==
{{Reflist}}
== External links ==
*
{{Finance links
| name = American Tower Corporation
| google = AMT:NYSE
| reuters = AMT.N
| yahoo = AMT
| bloomberg = AMT:US
| symbol = AMT
| sec_cik =
}}
{{Authority control}}
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[[Category:Companies based in Boston]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Real estate companies established in 1995]]
[[Category:Telecommunications companies established in 1995]]
[[Category:Telecommunications companies of the United States]]
[[Category:Real estate investment trusts of the United States]]
[[Category:Mobile telecommunications]]
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