American Tower Corporation (REIT) (AMT) News
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Latest AMT News From Around the Web
Below are the latest news stories about American Tower Corp that investors may wish to consider to help them evaluate AMT as an investment opportunity.
On November 27, at the World 5G Convention, Jilu Tong, the chairman of China Tower (CTOWY) (00788: HK), said (link in Chinese) that his company had built over 700,000 5G base stations in China, 97% of which were transferred from existing 4G sites. It means the company has helped the...
On CNBC's latest "Mad Money Lightning Round," Jim Cramer said American Airlines Group Inc (NASDAQ: AAL) has moved up too much. He would buy Boeing Co (NYSE: BA) instead.Cramer prefers Crown Castle International Corp (NYSE: CCI) over American Tower Corp (NYSE: AMT).The day for Opko Health Inc. (NASDAQ: OPK) is not arriving, at least not anytime soon, thinks Cramer.General Motors Company (NYSE: GM) could be worth far more, said Cramer, adding that it is "real good" -- though it will never be the next Tesla Inc (NASDAQ: TSLA).If you want a speculative stock, Surface Oncology Inc (NASDAQ: SURF) is a very good place to be.S&P Global Inc (NYSE: SPGI) is a remarkable company, said Cramer. He would buy more. See more from Benzinga * Click here for options trades from Benzinga * 'Fast Money'...
In this article, we are going to list the 15 biggest real estate companies in the world. Click to skip ahead and jump to the 5 biggest real estate companies in the world. The real estate industry is a big business that generates hundreds of billions of dollars of revenue annually, and there are plenty of opportunities […]
American Tower Corporation -- Moody's affirms American Tower's ratings following Telxius announcement, stable outlook
Moody's Investors Service, ("Moody's") has affirmed American Tower Corporation ("American Tower")'s senior unsecured rating at Baa3. The rating affirmation follows the tower REIT's announcement that it has entered into an agreement to acquire Telxius Towers, a portfolio of about 31,000 existing communication sites in Europe and Latin America, for total consideration of E7.7 billion ($9.4 billion at current exchange rates).
Picking retirement stocks is never an easy task. Stocks historically generated long-term gains that are bigger than those of any other asset class. However, picking retirement stocks is easier said than done. You always have a new sector upending the markets. This past year we saw that with electric vehicle stocks. Along with risky SPAC plays, they went hyperbolic. And the momentum doesn’t seem to stop. However, retirees must figure out how to produce enough income without a job. They shouldn’t operate with the same mentality as swing traders, a trading style that attempts to capture short- to medium-term gains. Since 1926, large stocks delivered an average of 10% return per year. And at no point have they lost ground over any period of 20 years or longer during that time. But the key t...
American Tower's (AMT) acquisition of 31,000 communications sites will enable it to accelerate property revenues and organic tenant billings growth, and scale business in Europe.
Spanish telecom company Telefonica S.A. (NYSE: TEF ) announced Wednesday that it has entered into a tower sale agreement via its subsidiary Telxius Telecom S.A., with broadcast communications infrastructure operator American Tower Corp (NYSE: AMT ). The deal is valued at €7.7 billion (roughly $9.38 billion), payable entirely in cash. What Happened: Telefonica has agreed to offload its telecommunication towers in Spain, Germany, Brazil, Peru, Chile, and Argentina to American Tower. The companies will enter into two separate transactions, … Full story available on Benzinga.com
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that it has entered into definitive agreements with Telefónica, S.A. (“Telefónica”), under which it will acquire Telxius Towers, comprising approximately 31,000 existing communications sites in Germany, Spain, Brazil, Chile, Peru and Argentina. The total consideration for the transaction is approximately €7.7 billion (approximately $9.4 billion at current foreign exchange rates), subject to customary closing adjustm
Shares of Telefonica (NYSE: TEF) jumped 10% on Wednesday after the Spanish telecom company agreed to sell its European and South American towers and related assets to American Tower (NYSE: AMT). The deal makes sense for both parties, and as of this writing shares of American Tower are up slightly as well. On Wednesday Telefonica said its Telxius Telecom unit has agreed to sell towers in Spain, Germany, Brazil, Peru, Chile, and Argentina for 7.7 billion euros, or about $9.41 billion in cash.
(Bloomberg) -- Telefonica SA’s sale of telecommunication masts to American Tower Corp. opens a new front in the race to control Europe’s fast-growing tower industry.American Tower is paying 7.7 billion euros ($9.4 billion) cash for about 30,700 tower sites in Spain, Germany, Brazil, Peru, Chile and Argentina held by Telefonica unit Telxius Telecom. This marks the biggest threat yet to Cellnex Telecom SA, Europe’s biggest independent tower operator.American Tower had been evaluating dozens of deals across Europe for years but never found the right fit in terms of assets and prices, Chief Executive Officer Tom Bartlett said on a call with analysts Wednesday. With the Telefonica deal, AMT gets “premier assets” in Germany and Spain that will weave in well with the towers the company already...