Summary
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
|
|
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
|
|
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
|
|
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
|
|
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
|
|
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
|
|
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
|
|
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
|
|
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
|
|
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.
[3] [4]
Finance
Sources:
StockAnalysis
Yahoo Finance
Pitchbook
Risk
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
|
Cost - 8%Manufacturing - 0%
Employment / Personnel - 0%
Supply Chain - 0%
|
8.3%
|
References
- ↑ https://www.statista.com/statistics/1189630/commercial-real-estate-market-size-global/#statisticContainer
- ↑ https://www.americantower.com/Assets/beta.americantower.com/uploads/images/company/GlobalPresenceMap2023-1.png
- ↑ https://www.digitaljournal.com/pr/news/newsmantraa/telecom-towers-market-2023-is-booming-with-top-key-players-china-tower-corporation-american-tower-corporation-mer-sba-communications-crown-castle
- ↑ https://www.coherentmarketinsights.com/market-insight/telecom-towers-market-2826#
5. ↑ https://www.americantower.com/company/leadership-team/index.html