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…

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