Key Developments: American Tower Corp (AMT)
84.64USD
21 May 2013
$0.72 (+0.86%)
$84.45
$84.37
$85.26
$84.11
1,656,992
2,088,041
$85.26
$62.54
Latest Key Developments (Source: Significant Developments)
American Tower Corp Reaffirms FY 2013 Earnings Guidance
American Tower Corp announced that for fiscal 2013, it expects net income in the range of $765-$840 million and adjusted EBITDA in the range of $2.080-$2.130 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $2.113 billion for fiscal 2013. Full Article
American Tower Corp Declares Quarterly Distribution
American Tower Corp announced that its Board of Directors has declared its quarterly cash distribution of $0.26 per share. The distribution is payable on April 25, 2013 to stockholders of record as of the close of business on April 10, 2013. Full Article
American Tower Corp Issues FY 2013 Earnings Guidance; Net Income Guidance Below Analysts' Estimates
American Tower Corp announced that for fiscal 2013, it expects net income in the range of $765-$840 and adjusted EBITDA in the range of $2.080 to $2.130 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $846 million and EBITDA of $2.08 billion for fiscal 2013. Full Article
Axtel SAB de CV Announces Signing of Tower Sale Agreement with American Tower Corp's MATC Digital, S. de R.L. de C.V.
Axtel SAB de CV announced the signing of definitive agreements with MATC Digital, S. de R.L. de C.V., a subsidiary of American Tower Corp, for the sale of 883 telecommunication sites for approximately USD250 million. As previously informed, AXTEL is agreeing to lease back space on these telecommunication sites from American Tower for initial minimum lease terms ranging from 6 to 15 years depending on the technology installation at each site. The closing of this transaction is conditioned upon and expected to occur concurrently with the closing of the Exchange Offers on January 31, 2013. Full Article
American Tower Corp Prices Senior Notes Offering
American Tower Corp announced the pricing of its registered public offering of senior unsecured notes due January 31, 2023, in an aggregate principal amount of $1 billion. The notes will have an interest rate of 3.50% per annum and are being issued at a price equal to 99.185% of their face value. The net proceeds of the offering are expected to be approximately $983.4 million, after deducting underwriting discounts and estimated offering expenses. The Company intends to use the net proceeds from this offering to refinance some or all of the existing indebtedness incurred under its credit facilities, which has been primarily used to fund recent acquisitions. Barclays Capital Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and RBS Securities Inc. are acting as joint book-running managers for the offering of the notes. Full Article
American Tower Corp Declares Quarterly Distribution
American Tower Corp announced that its board of directors has declared its quarterly cash distribution of $0.24 per share. The distribution is payable on December 31, 2012 to stockholders of record at the close of business on December 17, 2012. Full Article
American Tower Corp Announces Acquisition of Tower Sites from KPN in Germany
American Tower Corp announced that it has entered into a definitive agreement with KPN’s German subsidiary, E-Plus, under which American Tower will acquire over 2,000 KPN tower sites in Germany for an agreed upon purchase price of approximately EUR393 million. The transaction is expected to close in the fourth quarter of 2012. Full Article
Koninklijke KPN NV To Sell German Mobile Towers To American Tower Corporation-Reuters
Reuters reported that Koninklijke KPN NV is finalizing a deal to sell its German mobile phone towers to U.S. group American Tower Corporation for between EUR300 and EUR400 million ($384-$511 million), two sources familiar with the matter said. The deal, which could be sealed as early as next week, comes after lengthy talks with private equity firms EQT and KKR, French tower operator TDF Group and Antin Infrastructure Partners. Full Article
American Tower Corp Raises FY 2012 Earnings Guidance
American Tower Corp announced that for fiscal 2012, it expects adjusted EBITDA in the range of $$1.850-$1.880 billion, net income in the range of $625-$660 million and adjusted funds from operations in the range of $1.185-$1.207 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $1.837 billion and net income of $593 million for fiscal 2012. Full Article
American Tower Corp Declares Quarterly Distribution
American Tower Corp announced that its Board of Directors has declared its quarterly cash distribution of $0.23 per share. The distribution is payable on October 15, 2012 to stockholders of record at the close of business on October 1, 2012. Full Article
INDIA PRESS-American Tower Corp revives talks to buy Indian tower firm - Times of India
Apollo Tyres likely to build plant in SE Asia - Business Line
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