ATC

We had a group assignment in our CFA classes called capstone project. My group reviewed on an American Company. ATC American Towers Corporation is one of the largest global real estate investment trusts (REITs). It is one of the most sustainable leading independent owners, operators and developer of multitenant communications real estate. ATC was founded in 1995.

Their primary business is the leasing. This means letting out spaces on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries.

They have over 6000 employees and their influence and services spread beyond America to various other Countries  and continents.

 It also offers tower-related services in the United State. This includes site application, zoning and permitting and structural analysis, which primarily support their site leasing business.

They have an intriguing business portfolio which consists of towers that they operate pursuant to long-term lease arrangement. Also Distributed Antenna System (DAS) networks, which provide seamless coverage solutions in certain in-building and outdoor wireless environments. In addition to the communications sites in their portfolio, they manage tower sites for property owners under various contractual arrangements.

They also hold other telecommunications infrastructure. These are fiber and property interests that they lease primarily to communications service providers and third-party tower operators. In addition, they hold a portfolio of highly interconnected data center facilities and related assets in the United States. These are lease primarily to enterprises, network operators, cloud providers and supporting service providers.

In addition, their communications real estate portfolio of over 220,000 communications infrastructure asset. This includes 43,000 in the United States and Canada, 76,000 in Asia-Pacific, 22,000 in Africa 30,000 in Europe.

ATC kicked off the year with the Telxius acquisition. This provides American Tower scaled leadership positions in key European markets as 5G rollouts accelerate and strengthens our presence across existing markets in Latin America.

In addition, their  Services segment drove record volumes as carriers in the U.S. prepared their networks for nationwide 5G coverage. They delivered a record number of newly constructed sites, which earned double-digit average initial returns.

Also, the Company adopted science based targets, or SBTs, which are approved by the Science Based Targets initiative. In addition, they launched a company-wide diversity, Equity & Inclusion (DE&I) resource center for employees. They are extending partnerships and financial commitments through a foundation with organizations recommended by our Social Justice Committee. This are aimed at countering systemic racism.

Also, in 2021, ATC reached a significant milestone of building out 200 communities in India, rolled out the program in Peru. They set an ambitious goal of reaching 2,000 communities globally over the next five years.

Also, they continues to be a global leader in this new 5G world. As the pandemic continues to linger we appreciate the importance of wireless networks and the critical nature of communications infrastructure.

In conclusion, this project enlightened my knowledge on how to understand and interpret financial statements and was quite interesting.

Written by:

Chika Laju-okorodudu