American Tower

American Tower reports Q2 2026 earnings per share of $2.71 and adjusted EBITDA of $3.6 billion for the first six months (+4%). A nationwide purchase of an 800‑MHz frequency portfolio by SpaceX for around $8 billion strengthens demand for tower capacity and supports long‑term growing cash flows through rising data volumes and long‑term lease agreements. The expansion of modern mobile networks and the contract structure create favorable conditions for sustainable earnings growth. » Mere på finanzen.net

American Tower completed a public offering of unsecured senior notes totaling $1.6bn ( $500m due 2031 at 5.300%, $500m due 2033 at 5.560%, $600m due 2036 at 5.750%). Net proceeds are approximately $1,579.9 million and will be used, among other things, to repay $600m of senior notes (coupon 1.450%, maturity 2026), to reduce the revolving credit facility and for general corporate purposes. The transaction increases total debt to about $45bn; payment terms, covenants and repurchase provisions are governed by the indenture. » Mere på de.investing.com

American Tower sees 2026 as the trough for organic rental revenue, with a turnaround to better growth expected from 2027. Management cites long-term drivers: network densification, around 800 MHz of new spectrum, 6G and AI-driven network adjustments. The balance sheet is robust (debt in the high-4x range, below 5x), leaving room for share buybacks or acquisitions; CoreSite continues to grow in double digits. Dish was completely removed from the 2026 outlook; declining service revenues and legal disputes with Dish and AT&T Mexico also weigh on the business. » Mere på de.investing.com

On the Goldman Sachs conference American Tower names four long-term growth drivers: 5G densification, 6G rollout, additional frequencies and AI-driven data traffic. For 2026 the company expects normalized organic rental revenue growth of about 4.5% and aims for a mid-term margin improvement of 200–300 basis points. CoreSite reports record leasing and the fifth quarter of double-digit revenue growth; the data‑center business is highlighted as a major growth and investment focus. Capital allocation remains dividend- and yield-oriented, share buybacks are opportunistic, and international assets are being selectively realigned. » Mere på de.investing.com

American Tower has placed senior, unsecured bonds totaling USD 1.6 billion: USD 500 million due 2031 (coupon 5.30%), USD 500 million due 2033 (5.56%) and USD 600 million due 2036 (5.75%). The notes were issued close to par; net proceeds from the offering are estimated at around USD 1,579.9 million. The company plans to use USD 600 million to repay bonds maturing in 2026; the remainder will be used to repay borrowings under its revolving credit facility and for general corporate purposes. » Mere på de.investing.com