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Overview
American Tower is a real estate investment trust (REIT) that owns, operates, and develops wireless communications infrastructure, including towers, rooftops, and other structures. The company was founded in 1995 and is headquartered in Boston, Massachusetts. American Tower owns approximately 181,000 communications sites in 20 countries across North and South America, Asia, Europe, and Africa. These sites are leased to wireless carriers, broadcasters, government agencies, and other tenants for use in their wireless communications networks. The company's business model is based on long-term lease agreements with its tenants, providing a stable and predictable source of revenue. As of 2021, its largest tenants include major wireless carriers such as AT&T, Verizon, and T-Mobile. In addition to owning and leasing communication sites, American Tower also provides various services to its tenants, including site management, construction, and maintenance. American Tower is a publicly traded company on the New York Stock Exchange under the ticker symbol AMT. It is also included in the S&P 500 index. The company has a strong commitment to sustainability and corporate social responsibility, including initiatives to reduce energy consumption and promote community engagement and diversity. American Tower has consistently been named one of the top-performing REITs and one of the world's most admired companies by Fortune magazine.
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