American Tower Corp (AMT) Key Developments | Reuters.com
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American Tower Corp (AMT)

AMT on New York Consolidated

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Latest Key Developments (Source: Significant Developments)

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

American Tower closes Verizon Transaction
Monday, 30 Mar 2015 07:30am EDT 

American Tower Corp:Closes its previously announced acquisition of the exclusive right to lease, acquire or otherwise operate and manage 11,448 wireless communications sites from certain subsidiaries of Verizon Communications Inc. for about $5.053 bln in cash.  Full Article

American Tower Corp declares quarterly distribution
Thursday, 5 Mar 2015 04:30pm EST 

American Tower Corp:Declares quarterly cash distribution of $0.42 per share on shares of the Company's common stock.Payable on April 28, of record at the close of business on April 10.  Full Article

American Tower Corp prices concurrent public offerings of common stock and mandatory convertible preferred stock
Thursday, 26 Feb 2015 08:30am EST 

American Tower Corp:Prices its concurrent registered public offerings of 23,500,000 shares of common stock at $97.00 per share and 12,500,000 depositary shares, each representing a 1/10th interest in a share of 5.50 pct Mandatory Convertible Preferred Stock, Series B, at $100.00 per depositary share.Underwriters of each offering have an option to purchase up to an additional 2,350,000 shares of common stock and an additional 1,250,000 depositary shares, as applicable, to cover over-allotments, if any.Net proceeds of the common stock offering and depositary shares offering are expected to be about $2.22 bln and $1.22 bln, respectively after deducting underwriting discounts and estimated offering expenses.Expects to use the net proceeds from these offerings, together with cash on hand and borrowings under its revolving credit facilities, to finance the recently announced Verizon transaction and to pay related fees and expenses.Goldman, Sachs & Co. is acting as lead book-running manager for both the common stock and the depositary shares offerings.BofA Merrill Lynch, Barclays, Citigroup and J.P. Morgan are also acting as joint book-running managers with respect to the common stock offering, and RBC Capital Markets, Morgan Stanley, RBS Securities Inc.TD Securities are also acting as joint book-running managers with respect to the depositary shares offering.  Full Article

American Tower Corp gives FY 2015 guidance
Monday, 23 Feb 2015 04:30pm EST 

American Tower Corp:Expects FY 2015 total rental and management revenue of $4.250 bln to $4.330 bln.Expects FY 2015 adjusted EBITDA of $2.820 bln to $2.900 bln.Expects FY 2015 net income of $945 mln to $995 mln.  Full Article

American Tower Corp declares quarterly distributions
Tuesday, 2 Dec 2014 05:00pm EST 

American Tower Corp:Declares its quarterly cash distribution of $0.38 per share.Payable on Jan. 13, 2015 to such stockholders of record at the close of business on Dec. 16.Additionally, the board of directors has declared a cash distribution of $1.3125 per share on shares of the Company's 5.25 pct Mandatory Convertible Preferred Stock, Series A, which is payable on Feb. 16, 2015 to such stockholders of record at the close of business on Feb. 01, 2015.  Full Article

Bharti Airtel Ltd's subsidiary to sell communications towers to American Tower Corp; American Tower to lease towers to Airtel
Monday, 24 Nov 2014 06:59am EST 

Bharti Airtel Ltd and American Tower Corp:Have entered into a definitive agreement, through Bharti’s subsidiary company, Bharti Airtel International (Netherlands) BV (Airtel),   for the sale of over 4,800 of Airtel’s communications towers in Nigeria.Airtel will be the anchor tenant on the portfolio under a lease with a ten year initial term.American Tower and Airtel expect to close the acquisition during the first half of 2015.  Full Article

GP Investments Ltd completes sale of BR Towers SA to American Tower Corporation
Friday, 21 Nov 2014 06:25am EST 

GP Investments Ltd:Says on Nov. 19, following information disclosed to the market in June, completed the sale of 100 pct of shares of BR Towers SA, through its subsidiaries GP Capital Partners V, LP and GPCP5 I Fundo de Investimento em Participacoes, to American Tower Corporation.Final price of 2.255 billion Brazilian reais.  Full Article

American Tower Corp narrows FY 2014 revenue guidance and raises FY 2104 EBITDA guidance; lowers FY 2014 net income guidance
Thursday, 30 Oct 2014 07:01am EDT 

American Tower Corp:Raises FY 2014 total rental and management revenue by $10 mln, adjusted EBITDA by $15 mln.Expects FY 2014 total rental and management revenue in the range of $3.975-$4.005 bln.Expects FY 2014 adjusted EBITDA in the range of $2.640-$2.660 bln.Expects FY 2014 net income in the range of $805-$825 mln.FY 2014 revenue of $4.10 bln, EBITDA of $2.64 bln and net income of $890 mln - Thomson Reuters I/B/E/S.  Full Article

BRIEF-American Tower files for potential mixed shelf, size undisclosed - SEC filing

* Files for potential mixed shelf, size undisclosed - SEC filing Source text for Eikon: (http://1.usa.gov/1Wzz7lJ) Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)