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{{short description|American communications infrastructure company}}
{{Use mdy dates|date=July 2023}}
{{Infobox company
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| hq_location_country = United States
| key_people
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| operating_income = {{increase}} US$3.
| net_income
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| subsid = [[CoreSite]]
| website
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}}
[[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>
▲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>
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
▲As of December 31, 2021, the company owned 199,330 communications sites, including 27,494 sites in the U.S. and Canada, 74,813 sites in [[Asia]], 29,722 sites in [[Europe]], 21,455 in [[Africa]], and 45,816 sites in [[Latin America]].<ref name=10K/>
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>▼
▲==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 (radio)|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 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>{{
▲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 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 2020, Tom Bartlett was named President and CEO after Taiclet left to become the CEO of [[Lockheed Martin]].<ref name="CNCB" />
▲Between 2007 and 2012, the company expanded internationally with operations in [[India]], [[Peru]], [[Chile]], [[Colombia]], [[South Africa]], [[Ghana]] and [[Uganda]].
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>{{
▲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>
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 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 | 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/ | title=Telefonica sells Telxius tower division to American Towers Corporation at record multiples for 7.7 billion euros | publisher=[[Telefonica]] | date=January 31, 2021}}</ref><ref name=10K/> Later in 2021, American Tower acquired [[CoreSite]] for $10.4 billion, adding 27 data center facilities to its holdings.<ref>{{Cite press release | url=https://www.businesswire.com/news/home/20211228005115/en/American-Tower-Completes-Acquisition-of-CoreSite-Realty-Corporation | title=American Tower Completes Acquisition of CoreSite Realty Corporation | publisher=[[Business Wire]] | date=December 28, 2021}}</ref><ref>{{Cite news | url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/american-tower-completes-coresite-realty-acquisition-68227699 | title=American Tower completes CoreSite Realty acquisition | first=Ali Imran | last=Naqvi | work=[[S&P Global]] | date=December 29, 2021}}</ref>
== References ==
{{Reflist}}
== External links ==
*{{Official|https://www.americantower.com}}
{{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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