“Market Cap $32.24 B As of May 2014
At a Glance
- Industry: Real Estate
- Founded: 1995
- Country: United States
- CEO: James Taiclet Jr
- Website: www.americantower.com
- Employees: 2,716
- Sales: $3.36 B
- Headquarters: Boston, Massachusetts
#890 Global 2000
- #1071 in Profit
- #1028 in Assets
- #330 in Market value
American Tower Corp. is a wireless and broadcast communications infrastructure company which owns, operates and develops communications sites. Its primary business is leasing antenna space on multi-tenant communications sites to wireless service providers and radio and television broadcast companies. The company’s communications site portfolio includes, wireless communications towers, broadcast communications towers and distributed antenna system networks, which are collocation solutions to support seamless in-building and outdoor wireless coverage. It operates business through three segments: Domestic Rental and Management, International Rental and Management and Network Development Services. The Domestic Rental and Management segment provides for the leasing of antenna space on multi-tenant communications sites to wireless service providers and radio and television broadcast companies in the United States. The International Rental and Management segment provides for the leasing of antenna space on multi-tenant communications sites to wireless service providers and radio and television broadcast companies in Brazil, Chile, Colombia, India, Ghana, Mexico, Peru and South Africa. The Network Development Services segment offers tower-related services domestically, including site acquisition, zoning and permitting services and structural analysis services, which primarily support site leasing business and the addition of new tenants and equipment. The company was founded in 1995 and is headquartered in Boston, MA.“
“American Tower History
American Tower CEO Jim Taiclet is recognized by Harvard Business Review as one of the 100 top-performing CEOs in the world.
The Company also acquired Global Tower Partners, the largest privately owned tower operator in the U.S. This grew the U.S. site portfolio and expanded operations to 13 countries around the world, including Costa Rica and Panama.
American Tower becomes a REIT and begins paying regular dividend distributions to shareholders. The Company reached the historic milestone of 50,000 communications sites and launches operations in its 11th country, Germany.
American Tower announces its intentions to become a Real Estate Investment Trust (REIT). The Company also expands into its 10th country, Uganda.
American Tower grows substantially, launching operations in Peru, Chile, Colombia, South Africa and Ghana. The Company also joins the Bloomberg Businessweek 50.
American Tower focuses its efforts on enhancing operations and customer service in the United States while continuing to look for global opportunities.
American Tower joins the S&P 500, and opens its first office outside of the Americas in New Delhi, India.
American Tower merges with one of its closest competitors, SpectraSite, Inc., creating the largest tower company in the United States.
American Tower shifts operational focus from acquiring and developing towers to improving operations. This leads to the sale of American Tower’s ancillary businesses in 2003 and the sale of the construction services unit in 2004.
Growth and acquisition remains the main business focus and American Tower continues to grow quickly, launching operations in Brazil.
American Tower launches operations in Mexico and become Mexico’s largest independent tower operator with more than 3,000 sites.
American Tower’s parent company – American Radio – is sold to CBS/Viacom and American Tower is spun off into a separate company. The Company goes public under the NYSE as “AMT”.
American Tower starts off as a subsidiary of American Radio and begins to grow through acquisitions.”
*Information from Forbes.com and Americantower.com
**Video published on YouTube by “American Tower“