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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.
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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.
Around 2000, the company began purchasing numerous [[AT&T Long Lines]] microwave [[telephone]] relay towers.<ref>{{Cite web |date=March 8, 2011 |title=Bell System microwave relay system |url=https://www.engineeringradio.us/blog/2011/03/bell-system-microwave-relay-system/ |access-date=July 8, 2023 |website=Engineering Radio |language=en-US}}</ref> 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]], totaling 42,965 in 2022.<ref>{{Cite web |date=August 30, 2022 |title=Top 100 Tower Companies in the U.S. |url=https://wirelessestimator.com/top-100-us-tower-companies-list/ |access-date=October 27, 2022 |website=Wirelessestimator.com |language=en}}</ref>
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=2022-10-27|website=Sec.gov}}</ref> and held the title until 2020.<ref>{{Cite web|last=Imbert|first=Amanda Macias,Fred|date=2020-03-16|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=2022-10-27|website=CNBC.com|language=en}}</ref>▼
▲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=
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 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
Between 2007 and 2012, the company expanded internationally with operations in [[India]], [[Peru]], [[Chile]], [[Colombia]], [[South Africa]], [[Ghana]] and [[Uganda]].{<ref>[https://www.itweb.co.za/content/6GxRKMYDDWz7b3Wj MTN, American Tower Corp join forces] ITweb; December 9, 2011.</ref>▼
▲Between 2007 and 2012, the company expanded internationally with operations in [[India]], [[Peru]], [[Chile]], [[Colombia]], [[South Africa]], [[Ghana]], and [[Uganda]].
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>▼
▲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 2020, Tom Bartlett was named the new CEO after James D. Taiclet left to become the CEO of [[Lockheed Martin]].{{cn|date=October 2022}}▼
▲In 2020, Tom Bartlett was named
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> to position the company to become a world leader in [[5G]].<ref>[https://www.cnbc.com/2019/08/01/american-tower-ceo-the-5g-rush-lengthens-and-strengthens-our-growth.html "Cell tower CEO explains how the 5G rush 'lengthens and strengthens' our growth rate" by Tyler Clifford; CNBC; August 1, 2019. Accessed October 27, 2022]</ref><ref>[https://www.entrepreneur.com/business-news/is-american-tower-a-winner-in-the-5g-industry/372937 "Is American Tower a Winner in the 5G Industry?" by Imon Ghosh; Entrepreneur; May 26, 2021. Accessed October 27, 2022]</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>{{
==References==▼
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>
▲== References ==
{{Reflist}}
== External links ==
*{{Official|https://www.americantower.com}}
{{Finance links
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