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. » Więcej na 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. » Więcej na 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. » Więcej na de.investing.com