American Tower 2nd-qtr profit falls

Wed Aug 1, 2012 7:25am EDT

Aug 1 (Reuters) - Cellphone tower operator American Tower Corp's second-quarter profit fell 58 percent, as it set aside funds to cover losses at its international rental and management segment.

The company, which owns, operates and develops communications sites, earned $48.2 million, or 12 cents per share, on revenue of $697.7 million.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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