American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites.
Team
Member
Current Role
Career Path
Tom Bartlett
President and Chief Executive Officer
Educational background: M.B.A. from Rutgers University and a Bachelor of Science degree in Industrial Engineering from Lehigh University
Started his career at Deloitte, Haskins & Sells
Prior to 2009: Served in numerous corporate, operations, and business development roles at Verizon Communications and its predecessor companies and affiliates
Held various positions including President and CEO of Bell Atlantic International Wireless, CEO of Iusacell, and CEO of Verizon's Global Solutions Inc.
April 2009: Joined American Tower as Executive Vice President and Chief Financial Officer
Current roles: President and Chief Executive Officer of American Tower Corporation
Affiliations: Member of the World Economic Forum’s Information and Communications Technologies (ICT) Board of Governors, NAREIT Executive Committee, and the Business Roundtable
Ruth Dowling
Executive Vice President, Chief Administrative Officer, General Counsel and Secretary
Educational background: Law degree from Duke University School of Law and a Bachelor of Arts from the University of North Carolina Chapel Hill
Prior to joining American Tower: Partner and co-chair of the litigation department at Edwards Angell Palmer & Dodge LLP
Served as Senior Vice President and General Counsel for the EMEA and Latin America regions
2011: Joined American Tower and served as Senior Vice President, Corporate Legal
Led American Tower’s Global Remobilization Project Team during the pandemic
Sanjay Goel
Executive Vice President and President, Asia-Pacific
Educational background: Bachelor’s degree in Engineering with specialization in Electronics and Communications from Manipal Institute of Technology
Worked at ABB and IBM earlier in his career
Prior to American Tower: Held various sales and business management positions at Nokia, including President of the Global Services business group and Nokia Operations
March 2021: Joined American Tower as Executive Vice President and President, Asia-Pacific
Edward Knapp
Senior Vice President and Chief Technology Officer
Educational background: M.B.A. from Columbia University, Master of Science in Electrical Engineering from Polytechnic University (NYU), and a Bachelor of Science in Engineering from Stony Brook University
Prior to American Tower: Served as Senior Vice President of Engineering at Qualcomm
Worked at Flarion Technologies, PacketVideo Corporation, NextWave Telecom, and Bell Atlantic/NYNEX Mobile (Verizon Wireless)
2017: Joined American Tower as Chief Technology Officer
Holds five granted U.S. patents and one pending application
Anthony Noble
Senior Vice President and Chief Strategy Officer
Educational background: Graduate of Syracuse University, the School of Public and International Affairs at Princeton University, and the University of Pennsylvania Law School
Prior to American Tower: Worked as a commercial real estate developer and as a lawyer in private practice
May 2016: Joined American Tower as Vice President and Chief of Staff to the Chairman, President, and CEO
Involved in counselling and securing zoning approvals for various developments
Colleen Richards Powell
Senior Vice President and Chief Diversity, Equity and Inclusion Officer
Educational background: Bachelor’s degree from Wellesley College and a master’s degree from Harvard University
Started her career on the Capitol Hill staff of Senator Edward “Ted” Kennedy
Prior to American Tower: Held the same position at MFS Investment Management and served in various roles at the Massachusetts Convention Center Authority and Harvard University
March 2021: Joined American Tower as Chief Diversity, Equity, and Inclusion Officer
Active in various leadership and advisory roles
Olivier Puech
Executive Vice President and President, Latin America and EMEA
Educational background: Bachelor’s degree in International Business Administration from Ecole Supérieure De Commerce in Marseille, France
Prior to American Tower: Held various leadership roles at Nokia and Gemalto
2013: Joined American Tower as Senior Vice President and CEO of Latin America
October 2018: Appointed as Executive Vice President and President, Latin America and EMEA
Rod Smith
Executive Vice President, Chief Financial Officer and Treasurer
Educational background: M.B.A. from Suffolk University, a Certificate of Accountancy from Bentley College, and a Bachelor of Science in Finance from Merrimack College
Prior to American Tower: Served in executive roles at Lightower and RoweCom
October 2009: Joined American Tower and held various roles, including Senior Vice President, Corporate Finance and Treasurer, and CFO of American Tower's U.S. Tower Division
Also held leadership positions at Nextel Communications
Steven O. Vondran
Executive Vice President and President, U.S. Tower Division
Educational background: J.D. with high honors from the University of Arkansas at Little Rock School of Law and a Bachelor of Arts in Economics and Business from Hendrix College
Prior to American Tower: Worked at Lewellen & Frazier LLP, Young & Associates, Inc., and as a Law Clerk to the Hon. John Stroud on the Arkansas Court of Appeals
2000: Joined American Tower as a member of the Corporate legal team
August 2004: Appointed Senior Vice President of U.S. Leasing Operations
August 2018: Appointed Senior Vice President and General Counsel for U.S. Tower Division
All the images and data has been taken from the AMT website.[5]
Market
Total Addressable Market
Here, the total addressable market (TAM) is the global commercial real estate market which, based on a number of assumptions and in terms of revenue, was valued at $35.0 trillion in 2022.[1]
Serviceable Available Market
Here, the serviceable available market (SAM) is the global telecom tower market which, based on a number of assumptions and in terms of revenue, is valued at $50.4 billion in 2022.
Map showing Global Presence of American Tower Corporation[2]
Fastest Growing Region
Asia-Pacific
Largest Region
Asia-Pacific
Market Drivers
Increase in demand for highspeed internet services across the world.
Digital transformation of businesses.
Growing adoption of IoT-based devices.
Launch of 5G connectivity.
Market Trends
Development and deployment of green and sustainable towers
Solar powered towers
Energy efficient construction and installation methods
Infrastructure sharing between telecom providers (tower sharing and tower leasing)
Lowers capital investment
Boosts operational efficiencies
“Smart” towers
Remote monitoring
Predictive maintenance
Competitors
China Tower Corporation, Crown Castle International Corporation, Helios Towers Africa, T-Mobile Tower, SBA Communications, and Others.
In the most recent earnings report American Tower disclosed 24 risk factors, two more since last quarter's report, including the following risk distributions:
Risk Distribution
Description
Risks
Overall Percentage
Ability to sell
Risks related to the company’s ability to sell goods and services
Demand - 13%
Competition - 8%
Sales & Marketing 4%
Brand / Reputation 0%
25%
Finance & Corporate
Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Debt & Financing - 17%Corporate Activity and Growth - 4%
Share Price & Shareholder Rights - 0%
Accounting & Financial Operations - 0%
20.8%
Legal & Regulatory
Litigation, compliance, new legislation, and taxation risks
Regulation - 8%Environmental / Social - 8%
Taxation & Government Incentives - 4%
Litigation & Legal Liabilities - 0%
20.8%
Tech & Innovation
Risks related to the company’s reliance on technology and ability to make innovative products
Technology - 8%Trade secrets - 4%
Innovation - 0%
Cyber Security - 0%
12.5%
Macro & Political
Risks related to catastrophic events or geopolitical conditions that may disrupt the company’s business
Economy & Political Environment - 4%Natural and Human Disruptions - 4%
Capital Markets - 4%
International Operations - 0%
12.5%
Production
Risks related to the company’s ability to manufacture goods and services
