american tower corp (AMT) Key Developments
American Tower Mulls Acquisitions
Sep 16 14
American Tower Corporation (NYSE:AMT) is looking for acquisitions. Leah Stearns, Vice President of Investor Relations and Treasurer of American Tower Corporation said, "We continue to be acquisitive and we look at transactions from a return basis that meet our adjusted return criteria from a risk perspective and so the US is certainly a place where we know the market, it's our home market, there's a lot of conviction and desire to grow here, but we don't feel as though we're solely limited to a large deal in the US in terms of being able to deploy capital."
American Tower Corporation Presents at Bank of America Merrill Lynch Media, Communications & Entertainment Conference 2014, Sep-16-2014 02:20 PM
Sep 12 14
American Tower Corporation Presents at Bank of America Merrill Lynch Media, Communications & Entertainment Conference 2014, Sep-16-2014 02:20 PM. Venue: Beverly Wilshire Hotel, 9500 Wilshire Blvd., Beverly Hills, CA 90212, United States. Speakers: Leah Stearns, Vice President, Investor Relations and Treasurer.
American Tower Corporation Declares Quarterly Cash Distribution on Common Stock, Payable on October 7, 2014 and on Series A Mandatory Convertible Preferred Stock, Payable on November 17, 2014
Sep 10 14
American Tower Corporation announced that its board of directors has declared its quarterly cash distribution of $0.36 per share on shares of the company's common stock. The distribution is payable on October 7, 2014 to such stockholders of record at the close of business on September 23, 2014.
Additionally, the board of directors has declared a cash distribution of $1.3125 per share on shares of the Company's 5.25% Mandatory Convertible Preferred Stock, Series A, which is payable on November 17, 2014 to such stockholders of record at the close of business on November 1, 2014.
Bharti Airtel May Reportedly Sell Towers Shortly
Sep 8 14
Bharti Airtel Limited (BSE:532454) is planning to sell assets. The Economic Times reported that Bharti Airtel is likely to clinch a deal for selling 4,000 of its Nigeria-based towers in order to raise $1 billion over the next few weeks. A person close to the matter stated that American Tower Corporation (NYSE:AMT) is in lead position to purchase the assets. The funds shall be used in repaying a part of its $9.6 billion debt.
Wind Telecomunicazioni Looks To Sell Off Tower Assets
Sep 8 14
Wind Telecomunicazioni SpA is reported to be considering offloading over half of its mobile towers in a bid to reduce debt. Reuters reports that Wind Telecomunicazioni is looking at selling up to 11,000 towers and then leasing back the infrastructure from the new owner. Around 30 potential bidders, including specialist tower firms such as American Tower and Crown Castle, have already been contacted over a possible deal, the report suggests. The sale could raise up to €500 million which would go towards reducing Wind's €9.6 billion debt pile.