AMERICAN TOWER CORP /MA/
American Tower Corporation is a leading independent owner, operator, and developer of multitenant communications real estate. Its primary business is leasing space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies, and municipalities, as well as tenants in various other industries. The company operates in various markets, including the U.S. & Canada, Asia-Pacific, Africa, Europe, Latin America, and India. It also holds other telecommunications infrastructure and property interests that it leases primarily to communications service providers and third-party tower operators. American Tower Corporation's website is <https://www.americantower.com>, and its ticker symbol is AMT on the New York Stock Exchange. The company's business strategy includes increasing the occupancy of its existing communications real estate portfolio, investing in and growing its communications real estate portfolio, improving operational performance and efficiency, and maintaining a strong balance sheet. It also has a capital allocation strategy to increase adjusted funds from operations per share and return on invested capital over the long term. The company operates in seven segments: U.S. & Canada property, Asia-Pacific property, Africa property, Europe property, Latin America property, Data Centers, and Services. In January 2024, American Tower Corporation entered into an agreement with Data Infrastructure Trust to sell its operations in India for approximately $2.5 billion. The sale is expected to close in the second half of 2024, subject to customary closing conditions. The company's property operations accounted for 99% of its total revenues for the year ended December 31, 2023, and its top tenants by revenue for each property segment include AT&T, T-Mobile, Verizon Wireless, Bharti Airtel, Reliance Jio, Vodafone Idea, Telefónica, América Móvil, and TIM S.p.A. The company also offers tower-related services in the U.S., including site application, zoning and permitting, structural and mount analyses, and construction management services.