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Oct 28 (Reuters) - American Tower (AMT.N), opens new tab on Tuesday beat Wall Street estimates for third-quarter revenue, helped by strong data center demand and robust spending from telecom companies on network coverage. Telecom firms are increasing investments in 5G rollout and mobile network infrastructure to meet the growing demand for internet services. "Leasing activity across our U.S. and international towers remains robust as carriers invest in network coverage and capacity," CEO Steven Vondran said. Advertisement · Scroll to continue 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. American Tower's major customers include telecom giants AT&T (T.N), opens new tab, Verizon (VZ.N), opens new tab, and T-Mobile (TMUS.O), opens new tab, which together contributed a significant portion of its property segment revenue in the U.S. and Canada last year. 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. Advertisement · Scroll to continue 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. Ad Break Coming Up NEXT StayNext OffEnglish 180p288p360p480p540p576p720pHD1080pHDAuto (180p) About ConnatixV2125200913 About ConnatixV2125200913 Continue watchingafter the adVisit Advertiser websiteGO TO PAGE Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shailesh Kuber Purchase Licensing Rights
