Company type | Public |
---|---|
Industry |
|
Founded | 1995 |
Headquarters | Boston, Massachusetts , United States |
Key people | Steven Vondran (President and CEO) |
Revenue | US$11.14 billion (2023) |
US$3.025 billion (2023) | |
US$1.483 billion (2023) | |
Total assets | US$66.03 billion (2023) |
Total equity | US$10.87 billion (2023) |
Number of employees | 5,643 (2023) |
Subsidiaries | CoreSite |
Website | americantower |
Footnotes /references [1] |
American Tower Corporation (also referred to as American Tower or ATC) is an American real estate investment trust which owns, develops and operates wireless and broadcast communications infrastructure in several countries. It is headquartered in Boston, Massachusetts.
It is ranked 373th on the Fortune 500 in 2023. [2]
As of December 31,2023, [update] the company owns 224,502 communications sites, including 42,905 sites in the U.S. and Canada, 77,647 sites in Asia-Pacific, 31,241 sites in Europe, 24,229 in Africa, and 48,480 sites in Latin America. [1]
The company was formed in 1995 as a unit of American Radio Systems. In 1998, American Radio Systems merged with CBS Corporation and completed the corporate spin-off of American Tower. The first CEO of American Tower was Steven B. Dodge, remaining in the position until resigning in 2004. Following the merger, American Tower began international expansion by establishing operations in Mexico in 1998 and Brazil in 1999.
Around 2000, the company began purchasing numerous AT&T Long Lines microwave telephone relay towers. [3] Upon acquisition of these sites from the now defunct AT&T Communications, Inc., American Tower began repurposing the towers for use as cell towers, and leasing antenna space to various American cell phone providers and private industries. Then, most of the former AT&T Long Lines sites had their horn antennas removed, either by helicopter or by crane, to make room for more antennas. Since AT&T's Long Lines Program was decommissioned in the 1980s, and the company no longer had any use for the towers themselves, American Tower now owns most of these tower structures across the entire continental United States, totaling 42,965 in 2022. [4]
In 2004 James D. Taiclet was named CEO [5] and held the title until 2020. [6]
In 2005, American Tower acquired SpectraSite Communications, expanding its global portfolio to over 22,000 owned communications sites, including over 21,000 wireless towers, 400 broadcast towers and 100 in-building DAS (Distributed Antenna System) sites. The merger further established American Tower's position as one of the largest tower owners and operators in North America. [7]
Between 2007 and 2012, the company expanded internationally with operations in India, Peru, Chile, Colombia, South Africa, Ghana, and Uganda. [8]
In 2013, the company acquired Global Tower Partners for $4.8 billion. This acquisition added sites to the U.S. portfolio and added operations in Costa Rica and Panama. [9]
In 2020, Tom Bartlett was named President and CEO after Taiclet left to become the CEO of Lockheed Martin. [6]
In 2021, the company agreed to acquire the European and Latin American tower divisions of Telxius from parent company Telefonica, comprising approximately 31,000 communications sites for $9.6 billion. The acquired sites were located in Spain, Germany, Argentina, Brazil, Chile, and Peru. [10] [1] Later in 2021, American Tower acquired CoreSite for $10.4 billion, adding a footprint of carrier-neutral data center facilities in the U.S. to its holdings, [11] [12] to position the company to strengthen its position in 5G. [13] [14]
Tom Bartlett retired from his positions as President, Chief Executive Officer, and director of the Board of Directors, effective February 1, 2024. He was succeeded by Steven Vondran. [15]
Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, established in 1865. Nokia's main headquarters are in Espoo, Finland, in the Helsinki metropolitan area, but the company's actual roots are in the Tampere region of Pirkanmaa. In 2020, Nokia employed approximately 92,000 people across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion. Nokia is a public limited company listed on the Nasdaq Helsinki and New York Stock Exchange. It was the world's 415th-largest company measured by 2016 revenues, according to the Fortune Global 500, having peaked at 85th place in 2009. It is a component of the Euro Stoxx 50 stock market index.
Telefónica, S.A. is a Spanish multinational telecommunications company with registered office and headquarters located in two different places, both in Madrid, Spain. It is one of the largest telephone operators and mobile network providers in the world. It provides fixed and mobile telephony, broadband, and subscription television, operating in Europe and the Americas.
The Lockheed Martin Corporation is an American aerospace and defense manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland, in the Washington, D.C. area. As of January 2022, Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists.
DISH Network L.L.C., a subsidiary of EchoStar, provides multichannel television and satellite television via Dish Network, mobile phone service via Dish Wireless, Boost Mobile, and Boost Infinite, as well as over-the-top IPTV services via Sling TV.
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Crown Castle Inc. is a real estate investment trust and provider of shared communications infrastructure in the United States headquartered in Houston, Texas. Operating with 100 offices worldwide, its network includes over 40,000 cell towers and approximately 85,000 route miles of fiber supporting small cells and fiber systems.
Harris Corporation was an American technology company, defense contractor, and information technology services provider that produced wireless equipment, tactical radios, electronic systems, night vision equipment and both terrestrial and spaceborne antennas for use in the government, defense, emergency service, and commercial sectors. They specialized in surveillance solutions, microwave weaponry, and electronic warfare. In 2019, it merged with L3 Technologies to form L3Harris Technologies.
Cobham Limited is a British aerospace manufacturing company based in Bournemouth, England.
Sierra Wireless is a Canadian multinational wireless communications equipment designer, manufacturer and services provider headquartered in Richmond, British Columbia, Canada. It also maintains offices and operations in the United States, Korea, Japan, Taiwan, India, France, Australia and New Zealand.
Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, Spain and the United Kingdom that are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.
Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56 million square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.
Andrew Corporation, a former hardware manufacturer for communications networks, was founded by Victor J. Andrew in the basement of his Chicago, Illinois home in 1937, and further established in Orland Park, Illinois in 1953. Andrew was a renowned global telecommunications company that played a significant role in the development of wireless communication technologies.
Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate. The company is incorporated in Delaware, and headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City. Verizon's capital stock is a component of the Dow Jones Industrial Average. It is the world's second-largest telecommunications company by revenue.
CoreSite, a subsidiary of American Tower, owns carrier-neutral data centers and provides colocation and peering services.
Telefónica Germany GmbH & Co. OHG (German pronunciation:[teləˌfɔnɪkaːˈdʒœːɐ̯məniː]; also called Telefónica Deutschland ) is a provider of broadband, landline and mobile telecommunications in Germany. The company trades as O2 (typeset as O2).
Mavenir Systems, Inc. is an American telecommunications software company, created in 2017 as a result of a three-way merger of existing companies and technologies, that develops and supplies cloud-native software to the communications service provider (CSP) market.
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
Telxius Telecom S.A. is a global telecommunications infrastructure company created in 2016, owned by Telefónica Infra, a subsidiary of Spanish telecommunications company Telefónica.
RTX Corporation, formerly Raytheon Technologies Corporation, is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services. In 2023, the company's seat in Forbes Global 2000 was 79. RTX manufactures aircraft engines, avionics, aerostructures, cybersecurity solutions, guided missiles, air defense systems, satellites, and drones. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government.
Cellnex Telecom is a Spanish wireless telecommunications infrastructure and services company with up to 135,000 sites -including forecast roll-outs up to 2030- throughout Europe. Its activity is divided into four main areas: services for telecommunications infrastructures; audiovisual broadcasting networks; security and emergency network services; and solutions for the intelligent management of urban infrastructures and services.
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