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Key Developments: American Tower Corp (AMT)

AMT on New York Consolidated

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29 Apr 2016
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Latest Key Developments (Source: Significant Developments)

American Tower Corp declares quarterly distribution
Wednesday, 9 Mar 2016 04:30pm EST 

American Tower Corp:Board of directors has declared its quarterly cash distribution of $0.51 per share on shares of the Company's common stock.Distribution is payable on April 28 to such stockholders of record date as on April 12.  Full Article

American Tower Corp updates FY 2015 guidance
Thursday, 29 Oct 2015 07:00am EDT 

American Tower Corp:Says that it has reduced the midpoint of its FY 2015 outlook for total rental and management revenue by $20 million, and raised the midpoint for adjusted EBITDA by $5 million and AFFO by $10 million.  Full Article

American Tower Corp acquires controlling interest in Viom Networks
Wednesday, 21 Oct 2015 08:11am EDT 

American Tower Corp:Announces acquisition of controlling interest in viom networks.Says total cash consideration will be inr 76 billion.Says American Tower expects the transaction to be immediately accretive to affo per share.Says will acquire a 51% controlling interest in viom networks.Says intends to finance the transaction in a manner consistent with maintaining its investment grade credit rating.Says under agreement, co may acquire or be required to acquire all or portion of the remaining 49% ownership stake in viom.At closing, tata teleservices to retain part of holding, with macquarie sbi infrastructure investments, others retaining some interests.  Full Article

American Tower Corp declares quarterly distribution
Thursday, 10 Sep 2015 04:30pm EDT 

American Tower Corp:Declares its quarterly cash distribution of $0.46 per share.Says distribution is payable on Oct. 7, to such stockholders of record at close of business on Sept. 23.  Full Article

American Tower Corp updates on FY 2015 guidance
Wednesday, 29 Jul 2015 07:00am EDT 

American Tower Corp:Says that it has raised the midpoint of FY 2015 outlook for total rental and management revenue by $90 million.Sees FY 2015 Adjusted EBITDA by $30 million.Sees FY 2015 AFFO by $60 million.Says the company's outlook includes the 4,699 Airtel Nigeria sites acquired on July 1, 2015.Says the acquisition expected to contribute about $110 million in revenue, $30 million in Adjusted EBITDA and $20 million in AFFO to FY 2015 results, at current exchange rates.  Full Article

American Tower Corp closes Airtel Transaction
Wednesday, 1 Jul 2015 04:30pm EDT 

American Tower Corp:Announced that it has closed its previously announced acquisition of about 4,700 communications sites in Nigeria from Bharti Airtel Limited, through Bharti Airtel Limited's subsidiary company, Bharti Airtel International (Netherlands) BV.  Full Article

American Tower Corp declares quarterly distribution
Thursday, 21 May 2015 04:30pm EDT 

American Tower Corp:Declares quarterly cash distribution of $0.44 per share on shares common stock.Payable on July 16 to such stockholders of record date as on June 17.  Full Article

American Tower Corp prices securitized notes offering
Wednesday, 20 May 2015 07:05pm EDT 

American Tower Corp:Says that its subsidiary, GTP Acquisition Partners I, LLC (GTP Acquisition Partners), priced, in a private transaction, $350 million aggregate principal amount of American Tower Secured Revenue Notes, Series 2015-1.And $525 million aggregate principal amount of American Tower Secured Revenue Notes, Series 2015-2 (collectively, the notes).Says that notes will be secured primarily by 3,621 communications sites owned by subsidiaries of GTP Acquisition Partners.Says Series 2015-1 notes have an interest rate of 2.350 pct., an anticipated repayment date of June 15, 2020 and a final repayment date of June 15, 2045.Says Series 2015-2 notes have an interest rate of 3.482 pct., an anticipated repayment date of June 16, 2025 and a final repayment date of June 15, 2050.Says that GTP Acquisition Partners intends to use net proceeds of this offering, together with cash on hand, to repay all amounts outstanding under its Series 2011-1, Series 2011-2 and Series 2013-1 securitized notes, and to pay any related prepayment consideration, transaction fees and expenses.  Full Article

American Tower Corp updates FY 2015 outlook
Thursday, 30 Apr 2015 07:00am EDT 

American Tower Corp:Expects FY 2015 total rental and management revenue to be in the range of $4.555 bln to $4.605 bln.Expects FY 2015 adjusted EBITDA in the range of $2.990 bln to $3.030 bln.Expects FY 2015 net income in the range of $830 mln to $860 mln.FY 2015 net income of $935 mln - Thomson Reuters I/B/E/S.FY 2015 adjusted EBITDA of $3.009 bln - Thomson Reuters I/B/E/S.FY 2015 revenue of $4.675 bln - Thomson Reuters I/B/E/S.  Full Article

American Tower Corp declares preferred stock dividends
Tuesday, 14 Apr 2015 04:30pm EDT 

American Tower Corp:Declares cash distribution of $1.3125 per share on shares of 5.25 pct Mandatory Convertible Preferred Stock, Series A.Declares cash distribution of $11.1528 per share of 5.50 pct Mandatory Convertible Preferred Stock, Series B, equivalent to $1.11528 per depositary share, each representing a 1/10th interest in a share of such stock.Each cash distribution is payable on May 15, of record at the close of business on May 1.  Full Article

BRIEF-American Tower Corp reports first quarter financial results

* American Tower Corporation reports first quarter 2016 financial results

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