Copyright Reuters
Telecom firms are increasing investments in 5G rollout and mobile network infrastructure to meet the growing demand for internet services. Sign up here. "Leasing activity across our U.S. and international towers remains robust as carriers invest in network coverage and capacity," CEO Steven Vondran said. The company owns, operates, and develops wireless and broadcast communications infrastructure, leasing space on its communication sites to wireless service providers, radio, and television broadcasters. AT&T and T-Mobile topped Wall Street expectations for third-quarter wireless subscriber additions helped by customers switching from rivals. Revenue from American Tower's property segment, which comprises of its site leasing business, rose about 6% to $2.62 billion in the third quarter. The wireless infrastructure provider reported total revenue of $2.72 billion in the reported quarter, above estimates of $2.65 billion, according to data compiled by LSEG. American Tower expects full year 2025 total property revenue between $10.21 billion and $10.29 billion, up from its prior forecast of $10.14 billion to $10.29 billion. Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shailesh Kuber
