Growth stock American Tower playing a different game to PE-backed towercos

Annual results reveal American Tower sees international markets as the “turbo charger” of their “domestic market Ferrari engine”

Read this article to learn:

  • The role of international markets in “lengthening and strengthening” American Tower’s growth trajectory, targeting a doubling of assets and profitability in next 5 years
  • The impact of 4G on amendment revenue and cell site densification
  • American Tower’s strategy to secure first mover advantage in “cornerstone” international markets
  • American Tower’s M&A war chest of approximately $1bn
  • A comparison of per site capex costs and tenancy ratios in the US, LatAm, Germany, India and Africa

TowerXchange has sifted through the American Tower 2012 annual report, associated webcast and dialed into a couple of the conferences on the recent investor junket to share highlights with our readers. Our selective coverage of the international aspects of American Tower’s annual report is a result of TowerXchange’s pre-occupation with emerging market towers, and our…

This content is for Subscribers only

To read the full article either login below or follow the link to subscribe.

Log In Subscribe

Announcing an enhanced TowerXchange Journal – subscribe now!

Our new improved offering will allow you to access the insight and analysis you have come to rely on from TowerXchange – but in a format that suits you.

We would love you to continue to receive the TowerXchange Journal by subscribing, and to contribute to the knowledge sharing and information resource we have built up in the form of over 2.5mn words of research and almost 1,000 CXO interviews. An individual subscription costs GBP£2,500 per year, with corporate subscriptions priced according to scale.

Subscribe now