Reported about 15 hours ago
American Tower reported better-than-expected third-quarter revenue due to strong demand for data centers and increased telecom spending on network infrastructure. The company experienced robust leasing activity as telecom firms ramp up investments to enhance 5G coverage and capacity. American Tower's property segment revenue grew by about 6% to $2.62 billion, while total revenue reached $2.72 billion, surpassing analysts' predictions. Looking ahead, the company raised its full year 2025 revenue forecast.
Source: YAHOO